Stifel Financial (NYSE:SF) Stock Price Target Cut by TD Cowen

Stifel Financial (NYSE:SF) had its target price dropped by stock analysts at TD Cowen from $84.00 to $78.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “hold” rating on the financial services provider’s stock. TD Cowen’s price target points to a potential upside of 11.72% from the company’s current price.

Several other equities analysts have also issued reports on the company. UBS Group restated a “buy” rating and set a $84.00 target price (down from $90.00) on shares of Stifel Financial in a research report on Wednesday, October 7th. BMO Capital Markets lowered their price target on Stifel Financial from $85.00 to $75.00 and set a “market perform” rating for the company in a research note on Tuesday, October 6th. Capital One Financial set a $75.00 price target on shares of Stifel Financial in a research report on Tuesday, October 6th. Wall Street Zen downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Stifel Financial from $86.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 6th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $86.08.

Stifel Financial Stock Down 0.3%

Shares of Stifel Financial stock opened at $69.82 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33. Stifel Financial has a 12 month low of $67.81 and a 12 month high of $89.83. The business has a fifty day simple moving average of $77.60 and a 200 day simple moving average of $76.16. The stock has a market cap of $10.54 billion, a PE ratio of 11.82 and a beta of 1.01.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.09. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the company posted $1.71 earnings per share. The firm’s revenue was up 13.0% on a year-over-year basis. Research analysts predict that Stifel Financial will post 6.27 EPS for the current year.

Insider Activity at Stifel Financial

In related news, Director Maryam Brown sold 4,700 shares of the firm’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total transaction of $372,240.00. Following the sale, the director owned 5,729 shares of the company’s stock, valued at approximately $453,736.80. This trade represents a 45.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.36% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in Stifel Financial in the second quarter valued at approximately $1,031,197,000. Bank of America Corp DE acquired a new position in shares of Stifel Financial in the second quarter valued at approximately $123,551,000. Bank of New York Mellon Corp acquired a new position in shares of Stifel Financial in the second quarter valued at approximately $93,235,000. Algebris UK Ltd. bought a new stake in shares of Stifel Financial during the second quarter worth $70,086,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Stifel Financial by 51.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,616,616 shares of the financial services provider’s stock worth $193,403,000 after acquiring an additional 890,810 shares in the last quarter. 82.01% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company provides wealth management, investment banking, institutional brokerage, equity and fixed-income research, securities trading, and asset management services.

Its wealth management business serves individual investors, families, businesses, and institutions through financial planning, investment advisory, brokerage, banking, and related services.