Wells Fargo & Company Issues Positive Forecast for Stifel Financial (NYSE:SF) Stock Price

Stifel Financial (NYSE:SF) had its target price increased by Wells Fargo & Company from $113.00 to $130.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 11.48% from the stock’s previous close.

Several other research firms also recently weighed in on SF. JMP Securities lifted their target price 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. TD Cowen boosted their price objective on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. StockNews.com cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group upped their price target on shares of Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Finally, Citigroup raised their price objective on shares of Stifel Financial from $90.00 to $102.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Stifel Financial has a consensus rating of “Hold” and a consensus target price of $103.17.

Stifel Financial Stock Performance

NYSE:SF traded up $0.25 on Wednesday, hitting $116.61. The stock had a trading volume of 115,802 shares, compared to its average volume of 568,360. The business’s 50-day simple moving average is $97.31 and its two-hundred day simple moving average is $87.80. The stock has a market cap of $11.94 billion, a price-to-earnings ratio of 21.15 and a beta of 1.08. Stifel Financial has a 52-week low of $60.17 and a 52-week high of $118.12. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.10). Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the firm posted $0.60 earnings per share. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. As a group, research analysts predict that Stifel Financial will post 6.44 earnings per share for the current year.

Institutional Investors Weigh In On Stifel Financial

Hedge funds have recently made changes to their positions in the company. FMR LLC lifted its position in Stifel Financial by 18.8% during the third quarter. FMR LLC now owns 7,956,412 shares of the financial services provider’s stock valued at $747,107,000 after purchasing an additional 1,256,595 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Stifel Financial by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 10,461,734 shares of the financial services provider’s stock valued at $817,794,000 after acquiring an additional 391,384 shares during the last quarter. Los Angeles Capital Management LLC grew its position in Stifel Financial by 929.9% in the second quarter. Los Angeles Capital Management LLC now owns 296,574 shares of the financial services provider’s stock worth $24,957,000 after acquiring an additional 267,777 shares in the last quarter. Earnest Partners LLC increased its stake in Stifel Financial by 7.0% during the first quarter. Earnest Partners LLC now owns 2,932,059 shares of the financial services provider’s stock worth $229,199,000 after acquiring an additional 191,896 shares during the last quarter. Finally, Icon Wealth Advisors LLC purchased a new stake in Stifel Financial during the third quarter valued at approximately $12,290,000. 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.