Stifel Financial Corporation (SF) Downgraded to Sell at Zacks Investment Research
Stifel Financial Corporation (NYSE:SF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “Stifel Financial Corp. is a holding company for Stifel Nicolaus & Company, Incorporated. “
Other analysts have also recently issued reports about the stock. Stifel Nicolaus lifted their price objective on shares of Stifel Financial Corporation from $58.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, March 20th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $59.00 price objective (up from $58.00) on shares of Stifel Financial Corporation in a research note on Monday, March 20th. TheStreet cut shares of Stifel Financial Corporation from a “b-” rating to a “c+” rating in a research note on Wednesday, March 22nd. BidaskClub upgraded shares of Stifel Financial Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Finally, Wells Fargo & Company restated a “market perform” rating and set a $50.00 price objective (down from $54.00) on shares of Stifel Financial Corporation in a research note on Monday. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $52.14.
Stifel Financial Corporation (NYSE SF) traded down 0.84% on Wednesday, hitting $46.25. 335,848 shares of the stock traded hands. The company has a market capitalization of $3.17 billion, a PE ratio of 32.19 and a beta of 1.64. The firm has a 50-day moving average price of $46.01 and a 200-day moving average price of $49.69. Stifel Financial Corporation has a 12 month low of $28.49 and a 12 month high of $56.62.
Stifel Financial Corporation (NYSE:SF) last released its earnings results on Monday, May 1st. The financial services provider reported $0.74 EPS for the quarter, hitting analysts’ consensus estimates of $0.74. The company had revenue of $675.53 million during the quarter, compared to analysts’ expectations of $681.99 million. Stifel Financial Corporation had a net margin of 4.56% and a return on equity of 7.77%. Stifel Financial Corporation’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the business earned $0.57 EPS. Analysts forecast that Stifel Financial Corporation will post $3.29 earnings per share for the current year.
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A number of hedge funds have recently made changes to their positions in SF. Tyers Asset Management LLC acquired a new stake in shares of Stifel Financial Corporation during the fourth quarter valued at approximately $131,000. Flinton Capital Management LLC purchased a new position in Stifel Financial Corporation during the fourth quarter valued at $166,000. Quantbot Technologies LP purchased a new position in Stifel Financial Corporation during the first quarter valued at $190,000. World Asset Management Inc raised its position in Stifel Financial Corporation by 4.0% in the first quarter. World Asset Management Inc now owns 4,170 shares of the financial services provider’s stock valued at $209,000 after buying an additional 160 shares during the period. Finally, M&T Bank Corp purchased a new position in Stifel Financial Corporation during the first quarter valued at $209,000. Institutional investors and hedge funds own 86.76% of the company’s stock.
About Stifel Financial Corporation
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. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.
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