Wells Fargo & Co Increases Stifel Financial (SF) Price Target to $70.00

Stifel Financial (NYSE:SF) had its target price boosted by Wells Fargo & Co from $64.00 to $70.00 in a research report issued to clients and investors on Thursday. Wells Fargo & Co’s target price would indicate a potential upside of 8.46% from the stock’s current price.

A number of other research firms have also recently weighed in on SF. Nomura lifted their target price on shares of Stifel Financial from $56.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, October 31st. Zacks Investment Research cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Instinet upgraded shares of Stifel Financial from a “neutral” rating to a “buy” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $63.83.

Stifel Financial (NYSE:SF) opened at $64.54 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.61 and a current ratio of 0.67. Stifel Financial has a one year low of $41.93 and a one year high of $64.63. The firm has a market cap of $4,370.00, a price-to-earnings ratio of 25.71, a P/E/G ratio of 1.28 and a beta of 1.70.

Stifel Financial (NYSE:SF) last released its earnings results on Monday, October 30th. The financial services provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.06. Stifel Financial had a net margin of 7.61% and a return on equity of 9.78%. The company had revenue of $721.20 million for the quarter, compared to analysts’ expectations of $701.12 million. During the same quarter in the previous year, the company earned $0.69 EPS. Stifel Financial’s revenue for the quarter was up 12.3% on a year-over-year basis. research analysts expect that Stifel Financial will post 3.45 earnings per share for the current year.

In other Stifel Financial news, Vice Chairman Ben A. Plotkin sold 20,000 shares of Stifel Financial stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $53.70, for a total value of $1,074,000.00. Following the sale, the insider now directly owns 96,226 shares in the company, valued at approximately $5,167,336.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Mark P. Fisher sold 5,000 shares of Stifel Financial stock in a transaction on Friday, November 17th. The shares were sold at an average price of $52.30, for a total transaction of $261,500.00. Following the completion of the sale, the vice president now owns 21,369 shares in the company, valued at $1,117,598.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,304 shares of company stock worth $2,869,480. 3.60% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Stifel Financial by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,990 shares of the financial services provider’s stock worth $459,000 after buying an additional 35 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Stifel Financial by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 5,627 shares of the financial services provider’s stock worth $259,000 after buying an additional 42 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Stifel Financial by 5.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,379 shares of the financial services provider’s stock worth $109,000 after buying an additional 113 shares during the last quarter. ETRADE Capital Management LLC increased its holdings in shares of Stifel Financial by 0.7% in the 2nd quarter. ETRADE Capital Management LLC now owns 19,819 shares of the financial services provider’s stock worth $911,000 after buying an additional 147 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Stifel Financial by 9.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,570 shares of the financial services provider’s stock worth $118,000 after buying an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 88.54% of the company’s stock.

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About Stifel Financial

Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.

Analyst Recommendations for Stifel Financial (NYSE:SF)

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