This afternoon we watched Stifel Financial drop -1.7% to a price of $58.88 per share. The mid-cap Capital Markets company is now trading -17.3% below its average target price of $71.2. Analysts have set target prices ranging from $62.0 to $91.0 per share for Stifel Financial, and have given the stock an average rating of buy.
The stock has a very low short interest at 1.1%, and a short ratio of 1.44. Since 3.08% of the company's shares are owned by insiders, we can infer that there is a degree of alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 84.1% of Stifel Financial's shares being owned by this investor type.
Institutions Invested in Stifel Financial
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Blackrock Inc. | 10% | 10,874,504 | $640,290,807 |
| 2023-03-31 | Vanguard Group, Inc. (The) | 10% | 10,621,094 | $625,370,026 |
| 2023-03-31 | Capital Research Global Investors | 6% | 6,088,757 | $358,506,018 |
| 2023-03-31 | Morgan Stanley | 3% | 3,221,526 | $189,683,454 |
| 2023-03-31 | State Street Corporation | 3% | 2,964,387 | $174,543,109 |
| 2023-03-31 | Earnest Partners LLC | 3% | 2,832,240 | $166,762,294 |
| 2023-03-31 | Macquarie Group Limited | 3% | 2,820,511 | $166,071,690 |
| 2023-03-31 | Alliancebernstein L.p. | 3% | 2,767,342 | $162,941,099 |
| 2023-03-31 | Stifel Financial Corporation | 2% | 2,476,461 | $145,814,026 |
| 2023-03-31 | Dimensional Fund Advisors LP | 2% | 2,022,159 | $119,064,724 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Stifel Financial.
