JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Stifel Financial (NYSE:SF) Stock

Stifel Financial (NYSE:SF) had its price objective raised by JPMorgan Chase & Co. from $80.00 to $86.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 6.57% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. UBS Group set a $90.00 target price on shares of Stifel Financial in a report on Thursday. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.67.

Stifel Financial Stock Performance

Shares of SF stock opened at $80.70 on Thursday. The business’s 50-day moving average price is $73.36 and its 200-day moving average price is $76.83. Stifel Financial has a 12 month low of $67.81 and a 12 month high of $89.83. The firm has a market capitalization of $12.38 billion, a price-to-earnings ratio of 14.44 and a beta of 1.01. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.09. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. Stifel Financial had a return on equity of 19.32% and a net margin of 16.11%.The firm’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.71 earnings per share. Equities research analysts forecast that Stifel Financial will post 6.2 EPS for the current year.

Institutional Trading of Stifel Financial

Several hedge funds have recently modified their holdings of the stock. Wedge Capital Management L L P NC lifted its position in shares of Stifel Financial by 13.7% during the 2nd quarter. Wedge Capital Management L L P NC now owns 35,922 shares of the financial services provider’s stock valued at $2,506,000 after acquiring an additional 4,315 shares during the period. Gradient Investments LLC grew its holdings in Stifel Financial by 18.1% in the second quarter. Gradient Investments LLC now owns 26,347 shares of the financial services provider’s stock worth $1,838,000 after purchasing an additional 4,043 shares during the period. Assenagon Asset Management S.A. increased its stake in Stifel Financial by 287.2% in the second quarter. Assenagon Asset Management S.A. now owns 490,762 shares of the financial services provider’s stock valued at $34,240,000 after purchasing an additional 364,013 shares in the last quarter. GAMMA Investing LLC increased its stake in Stifel Financial by 3.1% in the second quarter. GAMMA Investing LLC now owns 10,492 shares of the financial services provider’s stock valued at $732,000 after purchasing an additional 312 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of Stifel Financial by 48.7% during the first quarter. Pacer Advisors Inc. now owns 18,109 shares of the financial services provider’s stock valued at $1,339,000 after purchasing an additional 5,927 shares during the period. 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.