Bitcoin price today: falls to 2-week low below $113k ahead of Fed Jackson Hole
On Thursday, JMP Securities reiterated its Market Outperform rating and a $135.00 price target for Stifel Financial (NYSE:SF), which currently trades near its 52-week high of $119.12. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value metrics. In their analysis, JMP Securities highlighted the company’s strong positioning within its Wealth Management and Institutional segments, with the company showing impressive revenue growth of 9.78% and an industry-leading gross profit margin of 94.62%. The firm’s management provided a 2025 outlook that surpassed the already positive market expectations.
The analyst from JMP Securities noted that Stifel Financial appears to be in an optimal position to capitalize on improving business conditions in both segments. The company’s strong performance is evident in its remarkable 60.63% return over the past year. According to the analyst, the firm’s strategic direction and growing excess capital give it a competitive edge and the ability to remain aggressive in its market strategies, which could offer investors more potential value than current estimates suggest. InvestingPro subscribers can access 10+ additional exclusive insights about Stifel’s market position and growth potential.
Stifel Financial’s management has projected a future for the company that seems more promising than what was anticipated by the market. This positive outlook is supported by the company’s robust financial health, which InvestingPro rates as "GOOD" based on comprehensive analysis. This positive outlook is based on the company’s performance and strategic initiatives that are expected to drive growth in the coming years.
The JMP Securities analyst pointed out that Stifel’s ability to generate excess capital positions the firm to take advantage of opportunities that may arise, thereby creating additional optionality for investors. This financial flexibility is seen as a significant factor in the company’s ability to continue its growth trajectory and potentially exceed expectations.
In conclusion, the analyst’s comments underscore a confidence in Stifel Financial’s future performance, underpinned by a robust business model and a solid financial foundation. The maintained $135.00 price target reflects this positive sentiment and anticipates that the company will continue to perform well in the foreseeable future.
In other recent news, Stifel Financial has experienced a series of noteworthy developments. The company’s fourth-quarter earnings report indicated non-GAAP diluted earnings per share (EPS) of $2.23, surpassing both JMP Securities’ estimate of $1.93 and the consensus estimate of $1.95. Analyst Devin Ryan from JMP Securities subsequently raised the price target for Stifel Financial to $135, maintaining a Market Outperform rating. Citi analyst Chris Allen also increased the price target for Stifel Financial to $125, sustaining a Neutral rating.
Stifel Financial recently reported a substantial rise in third-quarter EPS and net revenue, with the EPS jumping to $1.50 and net revenue reaching $1.23 billion. This prompted TD Cowen to increase Stifel Financial’s stock price target from $100.00 to $105.00, while JPMorgan initiated coverage with a Neutral rating and a price target of $120.00.
The company has also announced its definitive agreement to acquire European investment bank Bryan, Garnier & Co, a move expected to boost Stifel’s market position in the investment banking sector, particularly within the healthcare and technology industries in Europe.
Stifel Financial declared dividends for its common and preferred stock, scheduled for mid-December payments. Analyst notes indicate the company’s future expectations include surpassing $5 billion in revenue and achieving $8 in EPS by 2025.
Finally, recent developments include a record high in total client assets under management, reaching $514 billion, including a record $197 billion in fee-based assets. This marks a 4% increase from October 2024, attributed to robust equity markets and successful financial advisor recruiting efforts.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.