Stifel Financial (SF) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of Stifel Financial (NYSE:SF) from a sell rating to a hold rating in a research report released on Friday morning.

According to Zacks, “Stifel Financial Corp. is a holding company for Stifel Nicolaus & Company, Incorporated. “

Several other research firms have also commented on SF. Stifel Nicolaus upgraded shares of Stifel Financial to an outperform rating in a research report on Wednesday, October 3rd. Wolfe Research began coverage on shares of Stifel Financial in a research report on Tuesday, September 25th. They set a market perform rating and a $63.00 price target on the stock. ValuEngine lowered shares of Stifel Financial from a sell rating to a strong sell rating in a research report on Tuesday, October 2nd. Wells Fargo & Co dropped 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 report on Wednesday, October 31st. Finally, JMP Securities upgraded shares of Stifel Financial from a market perform rating to an outperform rating in a research report on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $66.20.

NYSE:SF opened at $47.38 on Friday. The firm has a market capitalization of $3.40 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 0.76 and a beta of 1.87. Stifel Financial has a 1-year low of $42.51 and a 1-year 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 released its quarterly earnings data on Tuesday, October 30th. The financial services provider reported $1.35 earnings per share for the quarter, topping 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%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 earnings per share. Research analysts predict that Stifel Financial will post 5.2 EPS for the current fiscal year.

In other Stifel Financial news, Director Frederick O. Hanser sold 10,000 shares of the stock in a transaction on Monday, September 17th. The shares were sold at an average price of $54.42, for a total transaction of $544,200.00. Following the transaction, the director now directly owns 40,905 shares of the company’s stock, valued at $2,226,050.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Victor Nesi sold 1,250 shares of the stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $55.02, for a total transaction of $68,775.00. The disclosure for this sale can be found here. Company insiders own 3.86% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. NJ State Employees Deferred Compensation Plan lifted its holdings in Stifel Financial by 6.7% during the second quarter. NJ State Employees Deferred Compensation Plan now owns 16,000 shares of the financial services provider’s stock valued at $836,000 after purchasing an additional 1,000 shares in the last quarter. Arizona State Retirement System lifted its holdings in Stifel Financial by 2.3% during the second quarter. Arizona State Retirement System now owns 49,681 shares of the financial services provider’s stock valued at $2,596,000 after purchasing an additional 1,100 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in Stifel Financial by 3.6% during the second quarter. Metropolitan Life Insurance Co. NY now owns 41,082 shares of the financial services provider’s stock valued at $2,147,000 after purchasing an additional 1,445 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of Stifel Financial by 2.9% in the second quarter. Mutual of America Capital Management LLC now owns 62,681 shares of the financial services provider’s stock worth $3,275,000 after buying an additional 1,756 shares in the last quarter. Finally, Rothschild Asset Management Inc. lifted its stake in shares of Stifel Financial by 1.1% in the second quarter. Rothschild Asset Management Inc. now owns 190,678 shares of the financial services provider’s stock worth $9,963,000 after buying an additional 1,985 shares in the last quarter. 85.96% 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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