Wells Fargo & Company Increases Stifel Financial (NYSE:SF) Price Target to $113.00

Stifel Financial (NYSE:SF) had its price objective boosted by stock analysts at Wells Fargo & Company from $108.00 to $113.00 in a report released on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 9.21% from the stock’s previous close.

SF has been the topic of a number of other research reports. Wolfe Research cut shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 22nd. TD Cowen increased their price target on shares of Stifel Financial from $85.00 to $88.00 and gave the company a “hold” rating in a report on Thursday, July 25th. The Goldman Sachs Group raised their price target on shares of Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. JMP Securities upped their price objective on Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. Finally, StockNews.com lowered Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $100.33.

Stifel Financial Price Performance

Shares of NYSE SF opened at $103.47 on Thursday. The company has a 50 day simple moving average of $91.97 and a two-hundred day simple moving average of $84.93. Stifel Financial has a fifty-two week low of $55.01 and a fifty-two week high of $105.35. The company has a market capitalization of $10.61 billion, a price-to-earnings ratio of 21.97 and a beta of 1.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.80 and a current ratio of 0.84.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.10). Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the business earned $0.60 EPS. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. Analysts expect that Stifel Financial will post 6.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Stifel Financial

A number of institutional investors and hedge funds have recently made changes to their positions in SF. SageView Advisory Group LLC bought a new position in Stifel Financial in the first quarter worth approximately $1,251,000. SG Americas Securities LLC purchased a new position in Stifel Financial during the second quarter valued at $1,543,000. Van ECK Associates Corp grew its holdings in Stifel Financial by 36.5% during the first quarter. Van ECK Associates Corp now owns 35,083 shares of the financial services provider’s stock valued at $2,742,000 after purchasing an additional 9,384 shares during the period. Blue Trust Inc. grew its holdings in Stifel Financial by 268.6% during the second quarter. Blue Trust Inc. now owns 8,798 shares of the financial services provider’s stock valued at $688,000 after purchasing an additional 6,411 shares during the period. Finally, Capital CS Group LLC purchased a new stake in Stifel Financial in the second quarter worth about $614,000. Hedge funds and other 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.