Stifel Financial (SF) Rating Increased to Outperform at Wolfe Research

Stifel Financial (NYSE:SF) was upgraded by equities research analysts at Wolfe Research from a “market perform” rating to an “outperform” rating in a research note issued to investors on Friday, The Fly reports.

A number of other research analysts have also weighed in on SF. Zacks Investment Research raised shares of Stifel Financial from a “sell” rating to a “hold” rating in a research note on Friday. ValuEngine raised shares of Stifel Financial from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Wells Fargo & Co decreased their price target on shares of Stifel Financial from $61.00 to $49.00 and set an “outperform” rating on the stock in a research note on Wednesday. Stifel Nicolaus raised shares of Stifel Financial to an “outperform” rating in a research note on Wednesday, October 3rd. Finally, JMP Securities raised shares of Stifel Financial from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $66.20.

Stifel Financial stock traded up $1.07 during midday trading on Friday, reaching $47.73. The company had a trading volume of 448,664 shares, compared to its average volume of 464,332. The firm has a market capitalization of $3.40 billion, a PE ratio of 11.96, a P/E/G ratio of 0.76 and a beta of 1.87. Stifel Financial has a 12-month low of $42.51 and a 12-month high of $68.76. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 0.93.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Tuesday, October 30th. The financial services provider reported $1.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.01. The firm had revenue of $738.34 million for the quarter, compared to analyst estimates of $764.90 million. Stifel Financial had a net margin of 9.16% and a return on equity of 15.33%. Stifel Financial’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company posted $0.89 EPS. On average, sell-side analysts predict that Stifel Financial will post 5.2 EPS for the current fiscal year.

In other Stifel Financial news, insider Victor Nesi sold 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $55.02, for a total value of $68,775.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider James M. Zemlyak bought 3,565 shares of the firm’s stock in a transaction on Thursday, November 1st. The stock was acquired at an average cost of $46.99 per share, for a total transaction of $167,519.35. Following the completion of the purchase, the insider now directly owns 835,485 shares in the company, valued at $39,259,440.15. The disclosure for this purchase can be found here. Company insiders own 3.86% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. NJ State Employees Deferred Compensation Plan lifted its stake in Stifel Financial by 6.7% in the 2nd quarter. NJ State Employees Deferred Compensation Plan now owns 16,000 shares of the financial services provider’s stock worth $836,000 after purchasing an additional 1,000 shares in the last quarter. Arizona State Retirement System lifted its stake in Stifel Financial by 2.3% in the 2nd quarter. Arizona State Retirement System now owns 49,681 shares of the financial services provider’s stock worth $2,596,000 after purchasing an additional 1,100 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its stake in Stifel Financial by 3.6% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 41,082 shares of the financial services provider’s stock worth $2,147,000 after purchasing an additional 1,445 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in Stifel Financial by 2.9% in the 2nd quarter. Mutual of America Capital Management LLC now owns 62,681 shares of the financial services provider’s stock worth $3,275,000 after purchasing an additional 1,756 shares in the last quarter. Finally, Rothschild Asset Management Inc. lifted its stake in Stifel Financial by 1.1% in the 2nd quarter. Rothschild Asset Management Inc. now owns 190,678 shares of the financial services provider’s stock worth $9,963,000 after purchasing an additional 1,985 shares in the last quarter. 86.12% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Company Profile

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, the United Kingdom, and rest of Europe. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.

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The Fly

Analyst Recommendations for Stifel Financial (NYSE:SF)

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