Stifel Financial (NYSE:SF) Given New $78.00 Price Target at TD Cowen

Stifel Financial (NYSE:SF) had its price objective reduced by analysts at TD Cowen from $84.00 to $78.00 in a research note issued on Monday, Benzinga reports. The firm presently has a “hold” rating on the financial services provider’s stock. TD Cowen’s target price suggests a potential upside of 11.21% from the company’s current price.

Several other research firms have also recently weighed in on SF. UBS Group reissued a “buy” rating and issued a $84.00 price objective (down from $90.00) on shares of Stifel Financial in a research report on Wednesday, October 7th. Capital One Financial set a $75.00 price target on Stifel Financial in a report on Tuesday, October 6th. JPMorgan Chase & Co. decreased their target price on shares of Stifel Financial from $86.00 to $82.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 6th. Wall Street Zen cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Stifel Financial in a research report on Wednesday, August 26th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Stifel Financial has a consensus rating of “Moderate Buy” and a consensus price target of $86.08.

Stifel Financial Stock Down 0.3%

Shares of SF stock traded down $0.20 on Monday, hitting $70.14. The company’s stock had a trading volume of 119,816 shares, compared to its average volume of 1,383,347. Stifel Financial has a fifty-two week low of $67.81 and a fifty-two week high of $89.83. The firm’s fifty day moving average price is $78.16 and its 200-day moving average price is $76.20. The stock has a market capitalization of $10.59 billion, a price-to-earnings ratio of 12.54 and a beta of 1.01. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.83.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.09. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the company earned $1.71 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. Research analysts anticipate that Stifel Financial will post 6.27 EPS for the current year.

Insider Buying and Selling

In other news, Director Maryam Brown sold 4,700 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total transaction of $372,240.00. Following the sale, the director owned 5,729 shares in the company, valued at $453,736.80. This represents a 45.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.36% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in Stifel Financial by 21.2% during the 3rd quarter. GAMMA Investing LLC now owns 12,713 shares of the financial services provider’s stock worth $890,000 after buying an additional 2,221 shares during the period. Gradient Investments LLC lifted its position in shares of Stifel Financial by 0.7% during the 3rd quarter. Gradient Investments LLC now owns 26,522 shares of the financial services provider’s stock valued at $1,858,000 after acquiring an additional 175 shares during the period. Elevation Wealth Partners LLC grew its holdings in shares of Stifel Financial by 92.8% during the 3rd 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 in the last quarter. Argent Capital Management LLC acquired a new stake in shares of Stifel Financial during the 3rd quarter worth $14,002,000. Finally, QRG Capital Management Inc. increased its position in shares of Stifel Financial by 24.0% in the second quarter. QRG Capital Management Inc. now owns 26,051 shares of the financial services provider’s stock worth $1,818,000 after purchasing an additional 5,039 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

About Stifel Financial

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.