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

Stifel Financial (NYSE:SF) had its target price reduced by Wells Fargo & Company from $130.00 to $128.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 16.35% from the company’s previous close.

Several other analysts have also weighed in on the stock. The Goldman Sachs Group lifted their target price 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. Citigroup upped their price objective on Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. StockNews.com downgraded Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. JMP Securities boosted their price target on Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Finally, TD Cowen increased their price objective on Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Stifel Financial currently has a consensus rating of “Hold” and an average price target of $107.14.

Stifel Financial Stock Up 2.5 %

SF stock opened at $110.01 on Tuesday. Stifel Financial has a twelve month low of $68.09 and a twelve month high of $119.12. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The company has a market cap of $11.26 billion, a PE ratio of 19.89 and a beta of 1.11. The business’s 50-day simple moving average is $110.85 and its 200 day simple moving average is $97.24.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.10). Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the business posted $0.60 EPS. Stifel Financial’s revenue for the quarter was up 17.2% compared to the same quarter last year. On average, research analysts anticipate that Stifel Financial will post 6.5 earnings per share for the current year.

Insider Buying and Selling

In related news, COO David D. Sliney sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $116.18, for a total value of $2,904,500.00. Following the completion of the sale, the chief operating officer now owns 159,619 shares of the company’s stock, valued at $18,544,535.42. This trade represents a 13.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 4.57% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Waldron Private Wealth LLC acquired a new position in shares of Stifel Financial during the third quarter valued at $34,000. GAMMA Investing LLC lifted its position in Stifel Financial by 27.7% during the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 109 shares during the period. Versant Capital Management Inc boosted its stake in shares of Stifel Financial by 46.5% in the 4th quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 145 shares during the last quarter. UMB Bank n.a. grew its position in shares of Stifel Financial by 36.6% during the 3rd quarter. UMB Bank n.a. now owns 870 shares of the financial services provider’s stock worth $82,000 after buying an additional 233 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of Stifel Financial by 148.1% during the third quarter. Farther Finance Advisors LLC now owns 1,201 shares of the financial services provider’s stock worth $113,000 after buying an additional 717 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors.

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.