Wells Fargo & Company Raises Stifel Financial (NYSE:SF) Price Target to $135.00

Stifel Financial (NYSE:SF) had its price target raised by Wells Fargo & Company from $128.00 to $135.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 14.76% from the company’s previous close.

Several other equities research analysts also recently weighed in on SF. TD Cowen increased their target price on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. started coverage on Stifel Financial in a research report on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price objective for the company. StockNews.com lowered Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. JMP Securities increased their price target on Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. Finally, Citigroup boosted 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, January 10th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Stifel Financial presently has an average rating of “Hold” and an average target price of $113.17.

Stifel Financial Stock Performance

Shares of SF stock opened at $117.64 on Thursday. Stifel Financial has a 12 month low of $71.36 and a 12 month high of $119.12. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. The company has a market cap of $12.04 billion, a P/E ratio of 21.27 and a beta of 1.11. The firm has a fifty day moving average price of $110.79 and a 200 day moving average price of $99.44.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.27. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. Sell-side analysts predict that Stifel Financial will post 6.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO David D. Sliney sold 25,000 shares of Stifel Financial stock in a transaction dated 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 completion of the sale, the chief operating officer now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.57% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Stifel Financial

Institutional investors have recently modified their holdings of the company. Squarepoint Ops LLC boosted its stake in Stifel Financial by 13.9% in the 2nd quarter. Squarepoint Ops LLC now owns 25,502 shares of the financial services provider’s stock worth $2,146,000 after buying an additional 3,116 shares during the last quarter. Mackenzie Financial Corp purchased a new position in shares of Stifel Financial in the 2nd quarter worth $1,950,000. Creative Planning raised its holdings in shares of Stifel Financial by 9.8% in the 2nd quarter. Creative Planning now owns 14,891 shares of the financial services provider’s stock worth $1,253,000 after purchasing an additional 1,335 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Stifel Financial in the 2nd quarter valued at about $3,815,000. Finally, Handelsbanken Fonder AB grew its stake in Stifel Financial by 20.3% during the third quarter. Handelsbanken Fonder AB now owns 23,132 shares of the financial services provider’s stock worth $2,172,000 after buying an additional 3,900 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

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.