The Goldman Sachs Group Cuts Stifel Financial (NYSE:SF) Price Target to $105.00

Stifel Financial (NYSE:SF) had its price target cut by equities researchers at The Goldman Sachs Group from $121.00 to $105.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. The Goldman Sachs Group’s price target suggests a potential upside of 19.07% from the stock’s current price.

A number of other equities research analysts also recently commented on the stock. Citigroup reduced their price objective on shares of Stifel Financial from $125.00 to $105.00 and set a “neutral” rating for the company in a research report on Wednesday. StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Wells Fargo & Company upped their price objective on Stifel Financial from $128.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. started coverage on Stifel Financial in a report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 target price for the company. Finally, UBS Group upped their price target on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $117.86.

Stifel Financial Stock Performance

Stifel Financial stock traded down $8.32 during mid-day trading on Thursday, reaching $88.18. 574,175 shares of the company were exchanged, compared to its average volume of 770,825. The firm has a market cap of $9.15 billion, a PE ratio of 14.13 and a beta of 1.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The firm’s 50-day simple moving average is $104.46 and its two-hundred day simple moving average is $105.34. Stifel Financial has a twelve month low of $73.51 and a twelve 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, beating analysts’ consensus estimates of $1.96 by $0.27. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. Equities analysts predict that Stifel Financial will post 8.26 earnings per share for the current fiscal year.

Institutional Trading of Stifel Financial

Several institutional investors and hedge funds have recently modified their holdings of the business. V Square Quantitative Management LLC acquired a new position in shares of Stifel Financial during the 4th quarter worth approximately $26,000. MassMutual Private Wealth & Trust FSB increased its position in Stifel Financial by 123.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider’s stock worth $31,000 after buying an additional 183 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Stifel Financial by 52.1% in the fourth quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 110 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Stifel Financial by 46.5% in the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 145 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Stifel Financial during the fourth quarter valued at $49,000. Hedge funds and other institutional investors own 82.01% of the company’s stock.

About Stifel Financial

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.