Wells Fargo & Company Issues Pessimistic Forecast for Stifel Financial (NYSE:SF) Stock Price

Stifel Financial (NYSE:SF) had its target price cut by equities research analysts at Wells Fargo & Company from $130.00 to $128.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 20.88% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. started coverage on shares of Stifel Financial in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price objective for the company. Citigroup increased their price objective on shares of Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday. TD Cowen increased their price objective on shares of Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. The Goldman Sachs Group increased their price objective on shares of Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Finally, JMP Securities increased their price objective on shares of Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Stifel Financial has an average rating of “Hold” and a consensus price target of $107.14.

Stifel Financial Stock Performance

NYSE:SF traded up $1.00 during trading hours on Tuesday, hitting $105.89. 12,063 shares of the company traded hands, compared to its average volume of 543,689. The stock has a market capitalization of $10.84 billion, a price-to-earnings ratio of 19.15 and a beta of 1.11. Stifel Financial has a twelve month low of $68.09 and a twelve month high of $119.12. The firm has a 50-day moving average of $110.89 and a 200 day moving average of $96.99. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.10). Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the company earned $0.60 earnings per share. Stifel Financial’s revenue for the quarter was up 17.2% compared to the same quarter last year. On average, analysts forecast that Stifel Financial will post 6.5 EPS for the current year.

Insider Buying and Selling at Stifel Financial

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total value of $2,904,500.00. Following the transaction, the chief operating officer now directly owns 159,619 shares in the company, valued at approximately $18,544,535.42. This trade represents a 13.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.57% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SF. Envestnet Asset Management Inc. boosted its position in Stifel Financial by 1.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 514,413 shares of the financial services provider’s stock valued at $43,288,000 after buying an additional 8,810 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Stifel Financial by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,738 shares of the financial services provider’s stock worth $168,932,000 after purchasing an additional 7,113 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Stifel Financial in the 2nd quarter worth $7,415,000. Mercer Global Advisors Inc. ADV boosted its position in shares of Stifel Financial by 2.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 10,116 shares of the financial services provider’s stock worth $851,000 after purchasing an additional 284 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of Stifel Financial by 17.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,735 shares of the financial services provider’s stock worth $987,000 after purchasing an additional 1,746 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors.

About Stifel Financial

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.