Stifel Financial Corp. (SF) Upgraded to Strong-Buy at Zacks Investment Research
Stifel Financial Corp. (NYSE:SF) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday. The firm presently has a $46.00 price objective on the financial services provider’s stock. Zacks Investment Research’s price target would suggest a potential upside of 15.03% from the stock’s current price.
According to Zacks, “Stifel Financial Corp. is a holding company for Stifel Nicolaus & Company, Incorporated. “
Several other equities analysts have also recently weighed in on SF. Nomura reduced their price target on Stifel Financial Corp. from $44.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, July 11th. Macquarie lifted their price target on Stifel Financial Corp. from $39.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, September 9th. Two research analysts have rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $40.00.
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Stifel Financial Corp. (NYSE:SF) traded down 1.33% during trading on Tuesday, reaching $39.46. The company’s stock had a trading volume of 110,436 shares. The company has a market cap of $2.61 billion, a PE ratio of 46.81 and a beta of 1.66. The stock has a 50-day moving average price of $38.48 and a 200 day moving average price of $34.85. Stifel Financial Corp. has a 52-week low of $25.00 and a 52-week high of $47.17.
Stifel Financial Corp. (NYSE:SF) last issued its earnings results on Tuesday, August 2nd. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.11. The firm had revenue of $652.10 million for the quarter, compared to analyst estimates of $615.82 million. Stifel Financial Corp. had a return on equity of 6.52% and a net margin of 2.67%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 earnings per share. On average, analysts expect that Stifel Financial Corp. will post $2.50 EPS for the current year.
In related news, Director Allen Brautigam sold 2,725 shares of the business’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $36.94, for a total transaction of $100,661.50. Following the completion of the transaction, the director now directly owns 35,268 shares in the company, valued at $1,302,799.92. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 5.14% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Advisor Group Inc. purchased a new position in Stifel Financial Corp. during the second quarter worth about $111,000. Paradigm Asset Management Co. LLC boosted its position in 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 worth $123,000 after buying an additional 200 shares during the last quarter. LS Investment Advisors LLC boosted its position in 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 worth $126,000 after buying an additional 1,624 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in Stifel Financial Corp. during the second quarter worth about $152,000. Finally, Bank of Montreal Can purchased a new position in Stifel Financial Corp. during the second quarter worth about $168,000. Institutional investors and hedge funds own 85.21% of the company’s stock.
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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