UBS Group Has Lowered Expectations for Stifel Financial (NYSE:SF) Stock Price

Key Points

• UBS cut its price target on Stifel Financial from $100 to $89 but maintained a "buy" rating, which implies roughly a 15.6% upside from the stock's prior close.
• Stifel reported a quarterly beat with EPS of $2.63 (vs. $2.48 est.) and revenue of $1.56B (vs. $1.50B est.), showing 14.4% YoY revenue growth, while analysts' consensus remains a "Moderate Buy" with an average target of $91.15 (six Buy, four Hold).

Stifel Financial (NYSE:SF - Get Free Report) had its price target reduced by equities researchers at UBS Group from $100.00 to $89.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the financial services provider's stock. UBS Group's price objective would suggest a potential upside of 15.62% from the stock's previous close.

A number of other analysts also recently weighed in on SF. Citigroup reaffirmed an "outperform" rating on shares of Stifel Financial in a report on Monday, January 12th. JPMorgan Chase & Co. upped their price target on shares of Stifel Financial from $88.67 to $90.67 and gave the stock a "neutral" rating in a report on Thursday, January 8th. Stifel Nicolaus set a $92.00 price objective on shares of Stifel Financial in a research report on Wednesday, January 14th. TD Cowen dropped their price objective on shares of Stifel Financial from $136.00 to $92.00 and set a "hold" rating for the company in a research note on Monday, March 23rd. Finally, Weiss Ratings raised shares of Stifel Financial from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, March 2nd. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $91.15.

Stifel Financial Price Performance

Shares of Stifel Financial stock traded up $3.37 on Wednesday, reaching $76.97. 1,582,704 shares of the stock were exchanged, compared to its average volume of 1,561,146. The firm's 50 day moving average is $76.42 and its 200-day moving average is $79.39. Stifel Financial has a one year low of $49.77 and a one year high of $89.83. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.80 and a current ratio of 0.84. The firm has a market cap of $11.91 billion, a PE ratio of 19.64 and a beta of 1.10.

Stifel Financial (NYSE:SF - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $2.63 earnings per share for the quarter, topping analysts' consensus estimates of $2.48 by $0.15. Stifel Financial had a net margin of 12.37% and a return on equity of 15.53%. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm posted $1.49 EPS. The firm's quarterly revenue was up 14.4% on a year-over-year basis. As a group, analysts anticipate that Stifel Financial will post 8.26 EPS for the current fiscal year.

Insider Transactions at Stifel Financial

In other Stifel Financial news, insider David Rubulotta sold 600 shares of the company's stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $82.87, for a total value of $49,724.00. Following the completion of the transaction, the insider directly owned 1,488 shares in the company, valued at approximately $123,315.52. This represents a 28.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.28% of the company's stock.

Hedge Funds Weigh In On Stifel Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Activest Wealth Management increased its position in Stifel Financial by 12,000.0% in the 4th quarter. Activest Wealth Management now owns 242 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 240 shares during the period. Advisory Services Network LLC acquired a new position in Stifel Financial in the 3rd quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd acquired a new position in Stifel Financial in the 4th quarter valued at approximately $34,000. Pinnacle Holdings LLC acquired a new position in Stifel Financial in the 3rd quarter valued at approximately $32,000. Finally, SJS Investment Consulting Inc. increased its position in Stifel Financial by 2,383.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 298 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 286 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

About Stifel Financial

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm's main business activities are organized into two core segments: Private Client Group and Institutional Group.

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