The Goldman Sachs Group Issues Pessimistic Forecast for Stifel Financial (NYSE:SF) Stock Price

Stifel Financial (NYSE:SF) had its target price decreased by stock analysts at The Goldman Sachs Group from $121.00 to $105.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 19.07% from the stock’s current price.

Several other research firms have also recently issued reports on SF. StockNews.com raised shares of Stifel Financial from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. began coverage on shares of Stifel Financial in a research note on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price objective for the company. Wells Fargo & Company increased their target price on Stifel Financial from $128.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Citigroup lowered their price target on Stifel Financial from $125.00 to $105.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, UBS Group upped their price target on Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Stifel Financial presently has a consensus rating of “Hold” and a consensus target price of $117.86.

Stifel Financial Trading Down 8.6 %

SF traded down $8.32 during trading on Thursday, hitting $88.18. The company’s stock had a trading volume of 574,175 shares, compared to its average volume of 770,825. Stifel Financial has a twelve month low of $73.51 and a twelve month high of $120.64. The firm’s 50 day moving average price is $104.46 and its 200-day moving average price is $105.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.82 and a quick ratio of 0.78. The stock has a market cap of $9.15 billion, a PE ratio of 14.13 and a beta of 1.08.

Stifel Financial (NYSE:SF) last released 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 16.59% and a net margin of 14.00%. On average, analysts expect that Stifel Financial will post 8.26 earnings per share for the current year.

Institutional Investors Weigh In On Stifel Financial

A number of large investors have recently modified their holdings of SF. V Square Quantitative Management LLC purchased a new position in Stifel Financial in the 4th quarter worth approximately $26,000. Bessemer Group Inc. raised its stake in shares of Stifel Financial by 52.1% during the fourth quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 110 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of Stifel Financial by 123.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 183 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Stifel Financial by 46.5% in the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 145 shares during the period. Finally, Quarry LP acquired a new stake in Stifel Financial during the 4th quarter valued at $49,000. 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.