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

Stifel Financial (NYSE:SF) had its price objective hoisted by JPMorgan Chase & Co. from $125.00 to $133.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 12.93% from the company’s previous close.

Several other brokerages also recently issued reports on SF. Zacks Research downgraded shares of Stifel Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Stifel Financial in a research report on Wednesday, October 8th. Stifel Nicolaus set a $131.00 price objective on shares of Stifel Financial in a research report on Wednesday, October 8th. Cowen upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Stifel Financial from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $125.90.

Stifel Financial Trading Up 1.0%

Stifel Financial stock opened at $117.77 on Thursday. Stifel Financial has a 52 week low of $73.27 and a 52 week high of $120.64. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.82. The stock has a market capitalization of $12.03 billion, a P/E ratio of 20.81 and a beta of 1.13. The stock has a 50-day simple moving average of $113.31 and a 200 day simple moving average of $103.91.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Stifel Financial had a return on equity of 15.06% and a net margin of 12.44%.Stifel Financial’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the company posted $1.50 earnings per share. Analysts expect that Stifel Financial will post 8.26 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SF. GAMMA Investing LLC increased its stake in Stifel Financial by 401.0% in the first quarter. GAMMA Investing LLC now owns 4,509 shares of the financial services provider’s stock valued at $425,000 after acquiring an additional 3,609 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Stifel Financial by 263.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 19,711 shares of the financial services provider’s stock valued at $1,858,000 after acquiring an additional 14,284 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Stifel Financial by 31.3% in the first quarter. Janney Montgomery Scott LLC now owns 10,505 shares of the financial services provider’s stock valued at $990,000 after acquiring an additional 2,505 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in Stifel Financial in the first quarter valued at approximately $361,000. Finally, Asset Management One Co. Ltd. bought a new position in Stifel Financial in the first quarter valued at approximately $1,165,000. 82.01% of the stock is 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.