Stifel Financial Corporation (NYSE:SF)‘s stock had its “neutral” rating reiterated by stock analysts at JMP Securities in a research report issued on Friday.

A number of other brokerages have also issued reports on SF. TheStreet raised Stifel Financial Corporation from a “c+” rating to a “b” rating in a research report on Monday, July 31st. BidaskClub raised Stifel Financial Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised Stifel Financial Corporation from a “sell” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Thursday, August 3rd. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $50.00 target price (down from $54.00) on shares of Stifel Financial Corporation in a research report on Monday, June 12th. Finally, Nomura reaffirmed a “neutral” rating on shares of Stifel Financial Corporation in a research report on Tuesday, May 23rd. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Stifel Financial Corporation currently has a consensus rating of “Hold” and an average price target of $53.33.

Stifel Financial Corporation (SF) traded up 0.85% during trading on Friday, reaching $48.40. 374,987 shares of the company’s stock traded hands. Stifel Financial Corporation has a one year low of $36.71 and a one year high of $56.62. The firm has a market capitalization of $3.31 billion, a PE ratio of 24.99 and a beta of 1.71. The company has a 50-day moving average price of $48.62 and a 200 day moving average price of $48.78.

Stifel Financial Corporation (NYSE:SF) last announced its earnings results on Monday, July 31st. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.14. Stifel Financial Corporation had a return on equity of 9.30% and a net margin of 6.03%. The company had revenue of $725.60 million for the quarter, compared to analyst estimates of $689.67 million. During the same period in the prior year, the company posted $0.69 EPS. Stifel Financial Corporation’s quarterly revenue was up 11.3% on a year-over-year basis. On average, analysts anticipate that Stifel Financial Corporation will post $3.43 earnings per share for the current fiscal year.

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In other news, Director Frederick O. Hanser sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $50.00, for a total value of $200,000.00. Following the completion of the sale, the director now directly owns 33,255 shares in the company, valued at approximately $1,662,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David A. Peacock purchased 4,500 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was purchased at an average price of $50.03 per share, with a total value of $225,135.00. The disclosure for this purchase can be found here. 5.14% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its stake in shares of Stifel Financial Corporation by 5.0% in the second quarter. Public Employees Retirement System of Ohio now owns 2,379 shares of the financial services provider’s stock worth $109,000 after buying an additional 113 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Stifel Financial Corporation by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,570 shares of the financial services provider’s stock worth $118,000 after buying an additional 212 shares during the period. Pacad Investment Ltd. increased its stake in shares of Stifel Financial Corporation by 442.9% in the second quarter. Pacad Investment Ltd. now owns 3,800 shares of the financial services provider’s stock worth $175,000 after buying an additional 3,100 shares during the period. Riverhead Capital Management LLC increased its stake in shares of Stifel Financial Corporation by 91.4% in the second quarter. Riverhead Capital Management LLC now owns 3,827 shares of the financial services provider’s stock worth $176,000 after buying an additional 1,827 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of Stifel Financial Corporation during the first quarter worth $190,000. Institutional investors and hedge funds own 85.81% of the company’s stock.

Stifel Financial Corporation 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. 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.

Analyst Recommendations for Stifel Financial Corporation (NYSE:SF)

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