Stifel Financial (NYSE:SF) Stock Price Expected to Rise, JMP Securities Analyst Says

Key Points

• JMP Securities has raised its target price for Stifel Financial from $130.00 to $135.00, suggesting a potential upside of 20.30% from the current stock price.
• The consensus rating for Stifel Financial is currently a "Moderate Buy" with six analysts recommending a Buy and six issuing a Hold rating.
• Stifel Financial recently reported quarterly earnings of $1.71 per share, exceeding expectations, with a revenue of $1.28 billion, reflecting a growth of 5.4% year-over-year.

Stifel Financial (NYSE:SF - Get Free Report) had its target price raised by equities researchers at JMP Securities from $130.00 to $135.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a "market outperform" rating on the financial services provider's stock. JMP Securities' price target would indicate a potential upside of 20.30% from the company's current price.

SF has been the subject of several other reports. Weiss Ratings reissued a "hold (c+)" rating on shares of Stifel Financial in a report on Wednesday. BMO Capital Markets began coverage on shares of Stifel Financial in a report on Friday, October 3rd. They issued a "market perform" rating and a $121.00 price target on the stock. TD Cowen upgraded shares of Stifel Financial from a "hold" rating to a "buy" rating and upped their target price for the stock from $118.00 to $131.00 in a research report on Wednesday. Zacks Research downgraded shares of Stifel Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Finally, UBS Group set a $135.00 price objective on Stifel Financial in a report on Thursday. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $122.60.

Stifel Financial Price Performance

Stifel Financial stock opened at $112.22 on Thursday. The company has a market cap of $11.47 billion, a price-to-earnings ratio of 21.75 and a beta of 1.13. Stifel Financial has a 12 month low of $73.27 and a 12 month high of $120.64. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. The business's 50 day simple moving average is $113.51 and its 200 day simple moving average is $102.21.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.06. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%.The company had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.25 billion. During the same period in the previous year, the business earned $1.60 earnings per share. The firm's quarterly revenue was up 5.4% compared to the same quarter last year. Sell-side analysts forecast that Stifel Financial will post 8.26 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Stifel Financial by 2.1% in the first quarter. Vanguard Group Inc. now owns 10,620,407 shares of the financial services provider's stock worth $1,001,080,000 after acquiring an additional 217,415 shares during the period. Boston Partners lifted its stake in shares of Stifel Financial by 2,727.0% in the 2nd quarter. Boston Partners now owns 2,326,249 shares of the financial services provider's stock worth $241,468,000 after purchasing an additional 2,243,961 shares during the period. Geode Capital Management LLC grew its position in Stifel Financial by 0.5% during the second quarter. Geode Capital Management LLC now owns 1,797,528 shares of the financial services provider's stock valued at $186,578,000 after buying an additional 9,188 shares during the period. AQR Capital Management LLC increased its holdings in Stifel Financial by 314.1% during the first quarter. AQR Capital Management LLC now owns 1,383,836 shares of the financial services provider's stock valued at $126,925,000 after buying an additional 1,049,665 shares during the last quarter. Finally, Norges Bank bought a new position in Stifel Financial in the second quarter worth approximately $143,377,000. 82.01% of the stock is owned by institutional investors.

Stifel Financial Company Profile

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.

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