Citigroup Issues Pessimistic Forecast for Stifel Financial (NYSE:SF) Stock Price

Stifel Financial (NYSE:SF) had its price target decreased by equities researchers at Citigroup from $125.00 to $105.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Citigroup’s target price would suggest a potential upside of 8.73% from the company’s current price.

SF has been the topic of several other research reports. StockNews.com upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Wells Fargo & Company raised their target price on shares of Stifel Financial from $128.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. JMP Securities boosted their target price on shares of Stifel Financial from $125.00 to $135.00 and gave the company a “market outperform” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. assumed coverage on shares of Stifel Financial in a report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price objective on the stock. Finally, UBS Group boosted their price objective on shares of Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a research report 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $116.29.

Stifel Financial Stock Up 1.9 %

Shares of NYSE:SF traded up $1.77 on Wednesday, hitting $96.57. 219,522 shares of the company traded hands, compared to its average volume of 765,294. The stock has a 50 day simple moving average of $104.83 and a 200-day simple moving average of $105.41. 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 $10.02 billion, a PE ratio of 15.48 and a beta of 1.08. Stifel Financial has a 52 week low of $73.51 and a 52 week high of $120.64.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.27. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. As a group, research analysts expect that Stifel Financial will post 8.26 earnings per share for the current year.

Institutional Trading of Stifel Financial

Several hedge funds have recently modified their holdings of SF. MassMutual Private Wealth & Trust FSB raised its stake 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 valued at $31,000 after purchasing an additional 183 shares in the last quarter. 111 Capital bought a new stake in shares of Stifel Financial in the 4th quarter worth about $502,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Stifel Financial by 16.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,427 shares of the financial services provider’s stock valued at $576,000 after buying an additional 758 shares in the last quarter. Mackenzie Financial Corp bought a new position in shares of Stifel Financial in the 4th quarter valued at about $1,346,000. Finally, Forum Financial Management LP grew its position in Stifel Financial by 24.4% in the fourth quarter. Forum Financial Management LP now owns 3,219 shares of the financial services provider’s stock worth $341,000 after acquiring an additional 631 shares in the last quarter. 82.01% of the stock is owned by hedge funds and other 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.