TD Cowen Lowers Stifel Financial (NYSE:SF) Price Target to $92.00

Stifel Financial (NYSE:SF) had its price target lowered by equities research analysts at TD Cowen from $136.00 to $92.00 in a report issued 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 27.51% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Citigroup reaffirmed an “outperform” rating on shares of Stifel Financial in a report on Monday, January 12th. JPMorgan Chase & Co. upped their price target on Stifel Financial from $88.67 to $90.67 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Citizens Jmp upped their price target on Stifel Financial from $93.33 to $103.33 and gave the stock a “market outperform” rating in a research report on Monday, January 12th. UBS Group set a $100.00 price objective on Stifel Financial and gave the stock a “buy” rating in a research note on Thursday, December 11th. Finally, Zacks Research cut Stifel Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Stifel Financial presently has an average rating of “Moderate Buy” and a consensus price target of $90.13.

Stifel Financial Stock Down 0.0%

Shares of SF stock opened at $72.15 on Monday. Stifel Financial has a 12 month low of $48.85 and a 12 month high of $89.83. The stock has a market cap of $11.17 billion, a P/E ratio of 18.41 and a beta of 1.13. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.25. The company has a 50 day simple moving average of $79.00 and a two-hundred day simple moving average of $79.60.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.10. Stifel Financial had a net margin of 12.37% and a return on equity of 15.53%. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the firm earned $1.49 earnings per share. The company’s quarterly revenue was up 14.4% on a year-over-year basis. On average, research analysts expect that Stifel Financial will post 8.26 earnings per share for the current year.

Insider Activity

In other news, insider David Rubulotta sold 600 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $82.87, for a total transaction of $49,724.00. Following the sale, the insider directly owned 1,488 shares of the company’s stock, valued at $123,315.52. This represents a 28.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.57% of the stock is owned by company insiders.

Institutional Investors Weigh In On Stifel Financial

A number of hedge funds have recently bought and sold shares of SF. AEGON ASSET MANAGEMENT UK Plc increased its stake in Stifel Financial by 32.2% during the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 184,047 shares of the financial services provider’s stock worth $20,876,000 after acquiring an additional 44,844 shares during the last quarter. Invesco Ltd. increased its position in shares of Stifel Financial by 12.9% during the 2nd quarter. Invesco Ltd. now owns 1,368,457 shares of the financial services provider’s stock valued at $142,018,000 after purchasing an additional 156,877 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in Stifel Financial during the 3rd quarter valued at $35,576,000. Inspire Investing LLC bought a new stake in Stifel Financial in the third quarter worth $1,047,000. Finally, CWM LLC lifted its position in Stifel Financial by 127.4% in the third quarter. CWM LLC now owns 29,654 shares of the financial services provider’s stock worth $3,365,000 after buying an additional 16,616 shares during the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

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.