Stifel Financial (NYSE:SF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, January 5th. The firm presently has a $67.00 price target on the financial services provider’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 1.75% from the company’s current price.
According to Zacks, “Stifel Financial Corp. is a holding company for Stifel Nicolaus & Company, Incorporated. “
SF has been the topic of several other research reports. Wells Fargo & Co increased their price objective on shares of Stifel Financial from $64.00 to $70.00 in a research note on Thursday, January 4th. Instinet raised shares of Stifel Financial from a “neutral” rating to a “buy” rating in a report on Wednesday, January 3rd. Finally, Nomura increased their target price on shares of Stifel Financial from $56.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, October 31st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $66.83.
Shares of Stifel Financial (NYSE:SF) traded down $0.57 during trading on Friday, reaching $65.85. 288,200 shares of the company’s stock were exchanged, compared to its average volume of 506,229. The stock has a market cap of $4,547.60, a P/E ratio of 26.24, a P/E/G ratio of 1.09 and a beta of 1.71. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.68. Stifel Financial has a fifty-two week low of $41.93 and a fifty-two week high of $68.72.
Stifel Financial (NYSE:SF) last released its earnings results on Monday, October 30th. The financial services provider reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.06. The firm had revenue of $721.20 million for the quarter, compared to the consensus estimate of $701.12 million. Stifel Financial had a net margin of 7.61% and a return on equity of 9.78%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 EPS. sell-side analysts expect that Stifel Financial will post 3.44 EPS for the current fiscal year.
In other news, VP Mark P. Fisher sold 5,000 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $52.30, for a total transaction of $261,500.00. Following the transaction, the vice president now owns 21,369 shares in the company, valued at $1,117,598.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Ben A. Plotkin sold 20,000 shares of Stifel Financial stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $53.70, for a total value of $1,074,000.00. Following the completion of the transaction, the insider now owns 96,226 shares in the company, valued at approximately $5,167,336.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,304 shares of company stock valued at $2,869,480. 3.60% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of the company. AXA lifted its holdings in Stifel Financial by 216.1% in the second quarter. AXA now owns 137,500 shares of the financial services provider’s stock valued at $6,322,000 after acquiring an additional 94,000 shares during the period. Bank of New York Mellon Corp increased its position in shares of Stifel Financial by 0.7% during the third quarter. Bank of New York Mellon Corp now owns 969,710 shares of the financial services provider’s stock worth $51,841,000 after purchasing an additional 6,619 shares in the last quarter. Legal & General Group Plc increased its position in shares of Stifel Financial by 6.8% during the third quarter. Legal & General Group Plc now owns 96,313 shares of the financial services provider’s stock worth $5,151,000 after purchasing an additional 6,102 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Stifel Financial by 18.1% during the third quarter. Prudential Financial Inc. now owns 323,874 shares of the financial services provider’s stock worth $17,314,000 after purchasing an additional 49,690 shares in the last quarter. Finally, Wesbanco Bank Inc. increased its position in shares of Stifel Financial by 11.2% during the third quarter. Wesbanco Bank Inc. now owns 50,647 shares of the financial services provider’s stock worth $2,708,000 after purchasing an additional 5,106 shares in the last quarter. Institutional investors and hedge funds own 88.55% of the company’s stock.
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About Stifel Financial
Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.
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