JPMorgan Chase & Co. Issues Pessimistic Forecast for Stifel Financial (NYSE:SF) Stock Price

Stifel Financial (NYSE:SF) had its target price lowered by equities research analysts at JPMorgan Chase & Co. from $123.00 to $100.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 26.42% from the stock’s current price.

Several other brokerages have also weighed in on SF. TD Cowen cut their price objective on shares of Stifel Financial from $124.00 to $84.00 and set a “hold” rating on the stock in a report on Wednesday. Wells Fargo & Company reduced their target price on Stifel Financial from $135.00 to $106.00 and set an “overweight” rating on the stock in a report on Tuesday. JMP Securities lowered their price objective on shares of Stifel Financial from $135.00 to $120.00 and set a “market outperform” rating for the company in a research report on Tuesday. StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Finally, The Goldman Sachs Group dropped their price target on Stifel Financial from $121.00 to $105.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Stifel Financial presently has a consensus rating of “Hold” and an average price target of $105.71.

Stifel Financial Price Performance

Shares of SF traded down $1.07 on Friday, hitting $79.10. The company’s stock had a trading volume of 295,106 shares, compared to its average volume of 650,557. The company has a 50 day moving average price of $99.01 and a 200 day moving average price of $104.68. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The company has a market capitalization of $8.21 billion, a PE ratio of 12.69 and a beta of 1.00. Stifel Financial has a fifty-two week low of $73.27 and a fifty-two week high of $120.64.

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, beating the consensus estimate of $1.96 by $0.27. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. On average, research analysts anticipate that Stifel Financial will post 8.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in Stifel Financial during the fourth quarter worth about $137,448,000. FMR LLC increased its holdings 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 valued at $915,346,000 after purchasing an additional 672,420 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Stifel Financial by 32.2% during 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 acquiring an additional 630,255 shares during the period. GAMMA Investing LLC boosted its holdings in Stifel Financial by 47,124.2% in the 1st quarter. GAMMA Investing LLC now owns 425,018 shares of the financial services provider’s stock valued at $40,062,000 after purchasing an additional 424,118 shares during the period. Finally, Walleye Capital LLC raised its position in shares of Stifel Financial by 477.9% in the fourth quarter. Walleye Capital LLC now owns 238,945 shares of the financial services provider’s stock valued at $25,347,000 after buying an additional 197,598 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

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.