Stifel Financial (NYSE:SF – Get Free Report) had its price objective lowered by Wells Fargo & Company from $130.00 to $128.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 16.35% from the company’s previous close.
SF has been the topic of a number of other reports. TD Cowen boosted their target price on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. JMP Securities boosted their price objective on shares of Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. StockNews.com cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. assumed coverage on Stifel Financial in a research report on Tuesday, December 10th. They set a “neutral” rating and a $120.00 target price on the stock. Finally, The Goldman Sachs Group increased their price target on Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $107.14.
Check Out Our Latest Report on SF
Stifel Financial Stock Up 2.5 %
Stifel Financial (NYSE:SF – Get Free Report) last issued its earnings results 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). The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. Stifel Financial’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 EPS. Equities research analysts forecast that Stifel Financial will post 6.5 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the transaction, the chief operating officer now owns 159,619 shares in the company, 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 currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of SF. CIBC Asset Management Inc boosted its holdings in Stifel Financial by 3.5% during the third quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 102 shares during the period. GAMMA Investing LLC increased its stake in shares of Stifel Financial by 27.7% in the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 109 shares during the period. Tributary Capital Management LLC lifted its position in shares of Stifel Financial by 1.0% during the 3rd quarter. Tributary Capital Management LLC now owns 12,603 shares of the financial services provider’s stock worth $1,183,000 after purchasing an additional 126 shares during the last quarter. CWM LLC grew its holdings in Stifel Financial by 3.8% in the 3rd quarter. CWM LLC now owns 3,940 shares of the financial services provider’s stock valued at $370,000 after buying an additional 145 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in 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 buying an additional 145 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.
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.
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