Stifel Financial Corp. (NYSE:SF) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday. The firm currently has a $46.00 price objective on the financial services provider’s stock. Zacks Investment Research’s price objective points to a potential upside of 17.56% from the stock’s current price.
According to Zacks, “Stifel Financial Corp. is a holding company for Stifel Nicolaus & Company, Incorporated. “
SF has been the subject of several other reports. Nomura dropped their price target on Stifel Financial Corp. from $44.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, July 11th. Macquarie upped their price target on Stifel Financial Corp. from $39.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, September 9th. Two investment analysts have rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $40.00.
Shares of Stifel Financial Corp. (NYSE:SF) opened at 39.13 on Tuesday. The stock has a market cap of $2.59 billion, a PE ratio of 46.42 and a beta of 1.66. Stifel Financial Corp. has a 1-year low of $25.00 and a 1-year high of $47.17. The company’s 50-day moving average price is $38.58 and its 200 day moving average price is $34.91.
Stifel Financial Corp. (NYSE:SF) last released its earnings results on Tuesday, August 2nd. The financial services provider reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.11. The firm had revenue of $652.10 million for the quarter, compared to the consensus estimate of $615.82 million. Stifel Financial Corp. had a return on equity of 6.52% and a net margin of 2.67%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 earnings per share. Equities analysts forecast that Stifel Financial Corp. will post $2.50 EPS for the current fiscal year.
In related news, Director Allen Brautigam sold 2,725 shares of the stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $36.94, for a total value of $100,661.50. Following the completion of the transaction, the director now owns 35,268 shares of the company’s stock, valued at $1,302,799.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.14% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of SF. Advisor Group Inc. bought a new stake in shares of Stifel Financial Corp. during the second quarter valued at about $111,000. Paradigm Asset Management Co. LLC increased its stake in shares of Stifel Financial Corp. by 5.4% in the second quarter. Paradigm Asset Management Co. LLC now owns 3,900 shares of the financial services provider’s stock valued at $123,000 after buying an additional 200 shares during the period. LS Investment Advisors LLC increased its stake in shares of Stifel Financial Corp. by 68.3% in the second quarter. LS Investment Advisors LLC now owns 4,003 shares of the financial services provider’s stock valued at $126,000 after buying an additional 1,624 shares during the period. C M Bidwell & Associates Ltd. bought a new stake in shares of Stifel Financial Corp. during the second quarter valued at about $152,000. Finally, Bank of Montreal Can bought a new stake in shares of Stifel Financial Corp. during the second quarter valued at about $168,000. 85.21% of the stock is owned by hedge funds and other institutional investors.
Stifel Financial Corp. Company Profile
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. Its principal activities are private client services, including securities transaction and financial planning services; institutional equity and fixed income sales, trading, research and municipal finance; investment banking services, including mergers and acquisitions, public offerings and private placements, and retail and commercial banking, including personal and commercial lending programs.
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