Stifel Financial (NYSE:SF) Stock Rating Upgraded by Zacks Research

Stifel Financial (NYSE:SF) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

SF has been the topic of a number of other research reports. TD Cowen decreased their target price on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a report on Monday, March 23rd. UBS Group reduced their target price on Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. Finally, Weiss Ratings upgraded Stifel Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.15.

Stifel Financial Stock Performance

NYSE:SF opened at $72.46 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. Stifel Financial has a 52-week low of $60.62 and a 52-week high of $89.83. The firm has a market cap of $11.12 billion, a price-to-earnings ratio of 14.10 and a beta of 1.05. The business’s fifty day moving average is $75.17 and its 200 day moving average is $79.74.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.39 by $0.06. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.51 billion. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.The firm’s revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 EPS. Research analysts predict that Stifel Financial will post 6.25 EPS for the current year.

Institutional Investors Weigh In On Stifel Financial

Institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC raised its position in Stifel Financial by 5.8% in the 1st quarter. NewEdge Advisors LLC now owns 2,673 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 147 shares during the period. Jones Financial Companies Lllp boosted its position in Stifel Financial by 1,162.6% during the first quarter. Jones Financial Companies Lllp now owns 2,702 shares of the financial services provider’s stock valued at $255,000 after buying an additional 2,488 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Stifel Financial by 106.8% during the second quarter. EverSource Wealth Advisors LLC now owns 974 shares of the financial services provider’s stock valued at $101,000 after buying an additional 503 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Stifel Financial by 86.5% in the second quarter. First Trust Advisors LP now owns 128,630 shares of the financial services provider’s stock worth $13,349,000 after buying an additional 59,662 shares during the period. Finally, Amundi increased its holdings in shares of Stifel Financial by 51.0% in the second quarter. Amundi now owns 31,906 shares of the financial services provider’s stock worth $3,425,000 after buying an additional 10,771 shares during the period. Hedge funds and other institutional investors own 82.01% of the company’s stock.

About Stifel Financial

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.