JPMorgan Lowers Stifel Financial Price Target to $82

Stifel Financial (NYSE: SF), a diversified financial services holding company, saw its price target reduced by analysts at JPMorgan Chase & Co. from $86.00 to $82.00 in a research note released on Tuesday. The brokerage maintained a "neutral" rating on the stock, indicating a potential upside of 16.10% from its current trading price.

Other analysts have also weighed in on Stifel Financial. BMO Capital Markets lowered their price target from $85.00 to $75.00 and assigned a "market perform" rating. Weiss Ratings reaffirmed a "buy (b-)" rating, while Wall Street Zen downgraded the stock from "buy" to "hold". Capital One Financial set a $75.00 target price, and UBS Group maintained a $90.00 price objective. Currently, the stock has an average rating of "Moderate Buy" with an average target price of $88.58.

Stifel Financial's stock remained flat at $70.63 during mid-day trading on Tuesday, with a trading volume of 128,764 shares, below its average volume of 1,389,475. The company has a market capitalization of $10.67 billion, a P/E ratio of 12.65, and a beta of 1.01. Its 50-day simple moving average is $79.21, and its 200-day simple moving average is $76.22.

In insider activity, Director Maryam Brown sold 4,700 shares of the company's stock on July 23rd at an average price of $79.20, totaling $372,240.00. Following the sale, she owned 5,729 shares, representing a 45.07% decrease in her position. Institutional investors own 82.01% of the company's stock, with notable changes in holdings by Requisite Capital Management LLC, Fifth Third Bancorp, WINTON GROUP Ltd, BlackRock Inc., and Castleark Management LLC.