JPMorgan Chase & Co. Issues Pessimistic Forecast for Stifel Financial (NYSE:SF) Stock Price

Stifel Financial (NYSE:SF) had its price target lowered by equities research analysts at JPMorgan Chase & Co. from $86.00 to $82.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 16.10% from the stock’s previous close.

SF has been the topic of several other reports. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a research report on Wednesday, August 26th. Capital One Financial set a $75.00 target price on shares of Stifel Financial in a research report on Tuesday. Wall Street Zen cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. BMO Capital Markets dropped their target price on Stifel Financial from $85.00 to $75.00 and set a “market perform” rating for the company in a report on Tuesday. Finally, UBS Group set a $90.00 target price on shares of Stifel Financial in a research note on Thursday, July 23rd. Five equities 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.com, the company currently has an average rating of “Moderate Buy” and an average target price of $88.58.

Stifel Financial Price Performance

NYSE SF remained flat at $70.63 during trading hours on Tuesday. 128,764 shares of the company traded hands, compared to its average volume of 1,389,475. The firm has a market cap of $10.67 billion, a price-to-earnings ratio of 12.65 and a beta of 1.01. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33. The stock has a fifty day moving average of $79.21 and a two-hundred day moving average of $76.22. Stifel Financial has a fifty-two week low of $67.81 and a fifty-two week high of $89.83.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the company posted $1.71 EPS. Stifel Financial’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, analysts predict that Stifel Financial will post 6.36 earnings per share for the current year.

Insider Activity

In other Stifel Financial news, Director Maryam Brown sold 4,700 shares of the stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total value of $372,240.00. Following the completion of the sale, the director owned 5,729 shares in the company, valued at $453,736.80. This trade represents a 45.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.36% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SF. BlackRock Inc. bought a new stake in Stifel Financial during the second quarter valued at about $1,031,197,000. Dimensional Fund Advisors LP increased its position in shares of Stifel Financial by 51.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,616,616 shares of the financial services provider’s stock valued at $193,403,000 after acquiring an additional 890,810 shares during the period. Bank of America Corp DE boosted its position in Stifel Financial by 58.7% in the 1st quarter. Bank of America Corp DE now owns 1,875,501 shares of the financial services provider’s stock worth $138,637,000 after purchasing an additional 693,437 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Stifel Financial by 42.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 934,267 shares of the financial services provider’s stock worth $116,989,000 after buying an additional 280,659 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Stifel Financial by 40.6% in the first quarter. Bank of New York Mellon Corp now owns 1,367,474 shares of the financial services provider’s stock valued at $101,084,000 after purchasing an additional 394,863 shares during the period. 82.01% of the stock is owned by hedge funds and other institutional investors.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company provides wealth management, investment banking, institutional brokerage, equity and fixed-income research, securities trading, and asset management services.

Its wealth management business serves individual investors, families, businesses, and institutions through financial planning, investment advisory, brokerage, banking, and related services.