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

Stifel Financial (NYSE:SF) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a note issued to investors on Wednesday. The brokerage presently has a $57.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s price objective points to a potential upside of 9.76% from the stock’s previous close.

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

A number of other analysts have also issued reports on SF. ValuEngine lowered shares of Stifel Financial from a “hold” rating to a “sell” rating in a research report on Monday. Wells Fargo & Co restated a “market perform” rating and set a $44.00 target price (down previously from $49.00) on shares of Stifel Financial in a research report on Wednesday, December 19th. TheStreet lowered shares of Stifel Financial from a “b-” rating to a “c+” rating in a research report on Monday, December 24th. Wolfe Research upgraded shares of Stifel Financial from a “market perform” rating to an “outperform” rating in a report on Friday, November 2nd. Finally, Goldman Sachs Group began coverage on shares of Stifel Financial in a report on Tuesday, November 27th. They issued a “neutral” rating and a $56.00 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Stifel Financial has an average rating of “Hold” and an average price target of $55.00.

Shares of NYSE SF opened at $51.93 on Wednesday. Stifel Financial has a 1 year low of $38.39 and a 1 year high of $68.31. The company has a market cap of $3.72 billion, a P/E ratio of 9.84, a PEG ratio of 1.19 and a beta of 1.82. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.92.

Stifel Financial (NYSE:SF) last announced its earnings results on Friday, February 1st. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.48 by $0.09. Stifel Financial had a net margin of 13.02% and a return on equity of 15.09%. The firm had revenue of $793.50 million for the quarter, compared to analyst estimates of $765.48 million. During the same quarter last year, the business earned $1.47 earnings per share. Stifel Financial’s revenue was down 1.3% compared to the same quarter last year. Sell-side analysts anticipate that Stifel Financial will post 5.4 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC boosted its holdings in shares of Stifel Financial by 12.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,800 shares of the financial services provider’s stock valued at $157,000 after purchasing an additional 420 shares during the last quarter. Xact Kapitalforvaltning AB boosted its holdings in shares of Stifel Financial by 4.5% in the 4th quarter. Xact Kapitalforvaltning AB now owns 11,688 shares of the financial services provider’s stock valued at $484,000 after purchasing an additional 500 shares during the last quarter. Sit Investment Associates Inc. boosted its holdings in shares of Stifel Financial by 9.4% in the 4th quarter. Sit Investment Associates Inc. now owns 6,975 shares of the financial services provider’s stock valued at $289,000 after purchasing an additional 600 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Stifel Financial by 14.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,991 shares of the financial services provider’s stock valued at $207,000 after purchasing an additional 625 shares during the last quarter. Finally, Larson Financial Group LLC acquired a new position in shares of Stifel Financial in the 4th quarter valued at $28,000. Institutional investors own 85.71% 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, and rest of Europe. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.

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