Stifel Financial (NYSE:SF) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Stifel Financial (NYSE:SF) had its target price boosted by JPMorgan Chase & Co. from $133.00 to $136.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 4.53% from the company’s previous close.

Several other brokerages also recently weighed in on SF. UBS Group set a $150.00 price objective on shares of Stifel Financial and gave the stock a “buy” rating in a research report on Thursday, December 11th. Wolfe Research reissued an “outperform” rating and issued a $149.00 price target on shares of Stifel Financial in a research report on Wednesday. Cowen raised Stifel Financial from a “hold” rating to a “buy” rating in a report on Wednesday, October 8th. Stifel Nicolaus set a $131.00 target price on Stifel Financial in a research report on Wednesday, October 8th. Finally, JMP Securities upped their target price on Stifel Financial from $130.00 to $135.00 and gave the company a “market outperform” rating in a research report on Thursday, October 9th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.80.

Stifel Financial Trading Up 0.0%

NYSE:SF opened at $130.10 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.79 and a current ratio of 0.84. Stifel Financial has a 1 year low of $73.27 and a 1 year high of $134.74. The stock has a market cap of $13.25 billion, a P/E ratio of 22.99 and a beta of 1.13. The stock has a 50-day simple moving average of $124.51 and a 200-day simple moving average of $116.37.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.06. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Stifel Financial had a return on equity of 14.95% and a net margin of 12.44%.The firm’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.50 earnings per share. As a group, analysts anticipate that Stifel Financial will post 8.26 earnings per share for the current fiscal year.

Institutional Trading of Stifel Financial

Hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC acquired a new position in shares of Stifel Financial in the third quarter valued at approximately $29,000. Pinnacle Holdings LLC acquired a new position in Stifel Financial in the 3rd quarter valued at $32,000. SJS Investment Consulting Inc. raised its position in Stifel Financial by 2,383.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 298 shares of the financial services provider’s stock worth $34,000 after buying an additional 286 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of Stifel Financial in the 3rd quarter worth $37,000. Finally, HM Payson & Co. purchased a new stake in shares of Stifel Financial in the third quarter valued at about $37,000. 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. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.