ValuEngine Lowers Stifel Financial (NYSE:SF) to Sell

ValuEngine downgraded shares of Stifel Financial (NYSE:SF) from a hold rating to a sell rating in a research report released on Thursday, ValuEngine reports.

Other research analysts have also issued research reports about the company. JMP Securities boosted their price objective on Stifel Financial from $61.00 to $65.00 and gave the stock a market outperform rating in a report on Monday, April 8th. Wells Fargo & Co boosted their target price on Stifel Financial from $54.00 to $56.00 and gave the stock a market perform rating in a research report on Friday, April 5th. Compass Point assumed coverage on Stifel Financial in a research report on Thursday, May 30th. They issued a buy rating and a $65.00 target price for the company. Goldman Sachs Group upgraded Stifel Financial from a neutral rating to a buy rating and boosted their target price for the stock from $55.00 to $70.00 in a research report on Thursday, May 9th. Finally, Zacks Investment Research upgraded Stifel Financial from a sell rating to a hold rating in a research report on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The company has a consensus rating of Buy and an average target price of $62.67.

Shares of NYSE SF traded down $1.21 during midday trading on Thursday, hitting $56.27. 415,154 shares of the company’s stock were exchanged, compared to its average volume of 393,883. Stifel Financial has a 12-month low of $38.39 and a 12-month high of $61.94. The company has a current ratio of 0.72, a quick ratio of 0.65 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $4.07 billion, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 1.69 and a beta of 1.84. The firm has a fifty day moving average price of $58.47.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.07. Stifel Financial had a return on equity of 14.87% and a net margin of 13.73%. The company had revenue of $800.80 million during the quarter, compared to analyst estimates of $780.94 million. During the same quarter in the previous year, the firm earned $1.22 earnings per share. Stifel Financial’s revenue was up 7.8% on a year-over-year basis. On average, equities research analysts forecast that Stifel Financial will post 5.68 earnings per share for the current year.

In other Stifel Financial news, Director John P. Dubinsky sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of $57.25, for a total value of $114,500.00. Following the completion of the sale, the director now owns 28,956 shares in the company, valued at $1,657,731. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Victor Nesi sold 1,415 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $60.12, for a total value of $85,069.80. Following the completion of the sale, the insider now owns 179,910 shares of the company’s stock, valued at approximately $10,816,189.20. The disclosure for this sale can be found here. Insiders sold a total of 28,250 shares of company stock valued at $1,656,920 in the last 90 days. 3.77% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC lifted its position in Stifel Financial by 5.3% in the first quarter. Nisa Investment Advisors LLC now owns 4,000 shares of the financial services provider’s stock valued at $211,000 after purchasing an additional 200 shares during the last quarter. Shine Investment Advisory Services Inc. raised its holdings in shares of Stifel Financial by 50.6% during the first quarter. Shine Investment Advisory Services Inc. now owns 661 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 222 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Stifel Financial by 1.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 31,808 shares of the financial services provider’s stock valued at $1,679,000 after acquiring an additional 396 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Stifel Financial by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 28,889 shares of the financial services provider’s stock valued at $1,706,000 after acquiring an additional 411 shares in the last quarter. Finally, Trillium Asset Management LLC raised its holdings in shares of Stifel Financial by 1.0% during the first quarter. Trillium Asset Management LLC now owns 44,439 shares of the financial services provider’s stock valued at $2,345,000 after acquiring an additional 432 shares in the last quarter. Hedge funds and other institutional investors own 86.32% of the company’s stock.

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

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Analyst Recommendations for Stifel Financial (NYSE:SF)

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