TD Cowen Has Lowered Expectations for Stifel Financial (NYSE:SF) Stock Price

Stifel Financial (NYSE:SF) had its target price lowered by equities researchers at TD Cowen from $124.00 to $84.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. TD Cowen’s price target indicates a potential upside of 3.49% from the stock’s current price.

A number of other analysts also recently issued reports on SF. Wells Fargo & Company decreased their price objective on shares of Stifel Financial from $135.00 to $106.00 and set an “overweight” rating for the company in a report on Tuesday. JPMorgan Chase & Co. initiated coverage on shares of Stifel Financial in a research report on Tuesday, December 10th. They set a “neutral” rating and a $120.00 target price for the company. The Goldman Sachs Group lowered their price target 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 raised Stifel Financial from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Finally, Citigroup lowered their target price on Stifel Financial from $125.00 to $105.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $108.57.

Stifel Financial Stock Performance

Shares of NYSE SF traded up $4.68 during midday trading on Wednesday, reaching $81.17. The company’s stock had a trading volume of 410,729 shares, compared to its average volume of 646,418. The stock has a market capitalization of $8.42 billion, a P/E ratio of 13.01 and a beta of 1.00. 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 firm has a 50 day moving average price of $100.88 and a 200-day moving average price of $104.94. Stifel Financial has a 12-month low of $73.27 and a 12-month high of $120.64.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share 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%. As a group, equities analysts predict that Stifel Financial will post 8.26 earnings per share for the current year.

Institutional Trading of Stifel Financial

Several institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank bought a new position in shares of Stifel Financial in the fourth quarter worth $137,448,000. FMR LLC raised its holdings in shares of Stifel Financial by 8.5% in the 4th quarter. FMR LLC now owns 8,628,832 shares of the financial services provider’s stock valued at $915,346,000 after acquiring an additional 672,420 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Stifel Financial by 32.2% in the 4th quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider’s stock valued at $274,637,000 after acquiring an additional 630,255 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Stifel Financial by 47,124.2% during the 1st quarter. GAMMA Investing LLC now owns 425,018 shares of the financial services provider’s stock valued at $40,062,000 after acquiring an additional 424,118 shares during the last quarter. Finally, Walleye Capital LLC grew its holdings in shares of Stifel Financial by 477.9% during the fourth quarter. Walleye Capital LLC now owns 238,945 shares of the financial services provider’s stock worth $25,347,000 after purchasing an additional 197,598 shares in the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

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.