Stifel Financial (NYSE:SF) Price Target Cut to $106.00 by Analysts at Wells Fargo & Company

Stifel Financial (NYSE:SF) had its target price cut by equities researchers at Wells Fargo & Company from $135.00 to $106.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 38.88% from the company’s previous close.

SF has been the subject of several other research reports. Citigroup reduced their price objective on shares of Stifel Financial from $125.00 to $105.00 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. began coverage on Stifel Financial in a research note on Tuesday, December 10th. They set a “neutral” rating and a $120.00 target price on the stock. The Goldman Sachs Group cut their price objective on shares of Stifel Financial from $121.00 to $105.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. StockNews.com upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Finally, UBS Group boosted their price objective on shares of Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $111.57.

Stifel Financial Stock Down 2.8 %

Shares of NYSE SF traded down $2.18 during midday trading on Tuesday, reaching $76.33. 1,596,106 shares of the company’s stock traded hands, compared to its average volume of 645,727. The company has a market cap of $7.92 billion, a price-to-earnings ratio of 12.23 and a beta of 1.00. Stifel Financial has a one year low of $73.27 and a one year high of $120.64. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The stock’s 50 day simple moving average is $102.48 and its 200-day simple moving average is $105.26.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.23 EPS for the quarter, topping the consensus estimate of $1.96 by $0.27. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. On average, analysts predict that Stifel Financial will post 8.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in Stifel Financial in the fourth quarter valued at $137,448,000. FMR LLC boosted its stake in shares of Stifel Financial by 8.5% in the fourth quarter. FMR LLC now owns 8,628,832 shares of the financial services provider’s stock worth $915,346,000 after buying an additional 672,420 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Stifel Financial by 32.2% in the fourth quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider’s stock worth $274,637,000 after buying an additional 630,255 shares during the last quarter. GAMMA Investing LLC grew its holdings in Stifel Financial by 47,124.2% during the first quarter. GAMMA Investing LLC now owns 425,018 shares of the financial services provider’s stock worth $40,062,000 after acquiring an additional 424,118 shares during the period. Finally, Walleye Capital LLC raised its position in Stifel Financial by 477.9% during the fourth quarter. Walleye Capital LLC now owns 238,945 shares of the financial services provider’s stock valued at $25,347,000 after acquiring an additional 197,598 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

About Stifel Financial

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.