Stifel Financial Corp (SF) Given Average Rating of “Hold” by Brokerages

Shares of Stifel Financial Corp (NYSE:SF) have been given a consensus rating of “Hold” by the nine analysts that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $73.00.

SF has been the subject of several recent analyst reports. Zacks Investment Research upgraded Stifel Financial from a “sell” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Friday, August 3rd. ValuEngine upgraded Stifel Financial from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Wolfe Research initiated coverage on Stifel Financial in a report on Tuesday, September 25th. They issued a “market perform” rating and a $63.00 price target for the company. JMP Securities upgraded Stifel Financial from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 3rd. Finally, Stifel Nicolaus upgraded Stifel Financial to an “outperform” rating in a report on Wednesday, October 3rd.

Shares of NYSE:SF traded up $0.23 during trading hours on Friday, hitting $48.07. 1,757 shares of the company’s stock traded hands, compared to its average volume of 481,190. Stifel Financial has a 1 year low of $47.29 and a 1 year high of $68.76. The firm has a market capitalization of $3.50 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 0.80 and a beta of 1.87. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.70 and a quick ratio of 0.62.

Stifel Financial (NYSE:SF) last announced its earnings results on Monday, July 30th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.07. Stifel Financial had a return on equity of 13.91% and a net margin of 7.97%. The business had revenue of $742.70 million during the quarter, compared to analyst estimates of $745.62 million. During the same quarter in the previous year, the business earned $0.90 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities research analysts expect that Stifel Financial will post 5.14 EPS for the current fiscal year.

In related news, insider Victor Nesi sold 1,250 shares of the business’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frederick O. Hanser sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $54.42, for a total transaction of $544,200.00. Following the completion of the transaction, the director now directly owns 40,905 shares of the company’s stock, valued at approximately $2,226,050.10. The disclosure for this sale can be found here. 3.86% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of SF. Allianz Asset Management GmbH bought a new position in Stifel Financial in the first quarter worth approximately $26,669,000. BlackRock Inc. raised its stake in Stifel Financial by 5.6% in the second quarter. BlackRock Inc. now owns 8,022,149 shares of the financial services provider’s stock worth $419,156,000 after buying an additional 426,072 shares in the last quarter. Maltese Capital Management LLC bought a new position in Stifel Financial in the second quarter worth approximately $7,315,000. Northern Trust Corp raised its stake in Stifel Financial by 6.4% in the second quarter. Northern Trust Corp now owns 1,631,620 shares of the financial services provider’s stock worth $85,252,000 after buying an additional 98,834 shares in the last quarter. Finally, Macquarie Group Ltd. raised its stake in Stifel Financial by 4.2% in the second quarter. Macquarie Group Ltd. now owns 2,437,842 shares of the financial services provider’s stock worth $127,377,000 after buying an additional 98,692 shares in the last quarter. 86.34% of the stock is owned by institutional investors.

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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Analyst Recommendations for Stifel Financial (NYSE:SF)

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