BMO Capital Markets Issues Pessimistic Forecast for Stifel Financial (NYSE:SF) Stock Price

Stifel Financial (NYSE:SF) had its price objective dropped by equities research analysts at BMO Capital Markets from $85.00 to $75.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. BMO Capital Markets’ target price indicates a potential upside of 7.57% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. boosted their price objective on Stifel Financial from $80.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Wall Street Zen lowered Stifel Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a report on Wednesday, August 26th. Finally, UBS Group set a $90.00 price target on Stifel Financial in a research note on Thursday, July 23rd. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $87.83.

Stifel Financial Price Performance

Shares of SF opened at $69.72 on Tuesday. The company’s 50-day moving average is $78.67 and its 200-day moving average is $76.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.83. The firm has a market capitalization of $10.53 billion, a PE ratio of 12.48 and a beta of 1.01. Stifel Financial has a fifty-two week low of $67.81 and a fifty-two week high of $89.83.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.33 by $0.09. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the firm posted $1.71 EPS. Stifel Financial’s revenue was up 13.0% compared to the same quarter last year. Equities analysts forecast that Stifel Financial will post 6.31 EPS for the current year.

Insider Activity at Stifel Financial

In other news, Director Maryam Brown sold 4,700 shares of Stifel Financial stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total value of $372,240.00. Following the completion of the sale, the director directly owned 5,729 shares in the company, valued at approximately $453,736.80. The trade was a 45.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.36% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Elevation Wealth Partners LLC lifted its position in Stifel Financial by 92.8% during the third quarter. Elevation Wealth Partners LLC now owns 457 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 220 shares during the period. Argent Capital Management LLC acquired a new position in shares of Stifel Financial in the 3rd quarter valued at approximately $14,002,000. QRG Capital Management Inc. lifted its holdings in shares of Stifel Financial by 24.0% during the 2nd quarter. QRG Capital Management Inc. now owns 26,051 shares of the financial services provider’s stock worth $1,818,000 after acquiring an additional 5,039 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of Stifel Financial by 13.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 15,393 shares of the financial services provider’s stock worth $1,074,000 after acquiring an additional 1,830 shares during the period. Finally, WINTON GROUP Ltd boosted its position in shares of Stifel Financial by 21.4% during the 2nd quarter. WINTON GROUP Ltd now owns 299,748 shares of the financial services provider’s stock worth $20,913,000 after acquiring an additional 52,778 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company provides wealth management, investment banking, institutional brokerage, equity and fixed-income research, securities trading, and asset management services.

Its wealth management business serves individual investors, families, businesses, and institutions through financial planning, investment advisory, brokerage, banking, and related services.