Stifel Financial Corporation (SF) Price Target Raised to $58.00
Stifel Financial Corporation (NYSE:SF) had its target price hoisted by Nomura from $56.00 to $58.00 in a report issued on Tuesday. The firm presently has a “neutral” rating on the financial services provider’s stock. Nomura’s price target would indicate a potential upside of 9.37% from the company’s current price.
Several other brokerages have also recently weighed in on SF. Zacks Investment Research cut shares of Stifel Financial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. TheStreet upgraded shares of Stifel Financial Corporation from a “c+” rating to a “b” rating in a research note on Monday, July 31st. BidaskClub upgraded shares of Stifel Financial Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Finally, JMP Securities reiterated a “neutral” rating on shares of Stifel Financial Corporation in a research note on Friday, August 18th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $56.33.
Stifel Financial Corporation (NYSE:SF) traded up 2.53% during trading on Tuesday, hitting $53.03. 744,060 shares of the stock traded hands. The company has a market cap of $3.62 billion, a P/E ratio of 27.38 and a beta of 1.72. The firm has a 50-day moving average price of $51.67 and a 200 day moving average price of $48.23. Stifel Financial Corporation has a 52-week low of $36.71 and a 52-week high of $56.62.
Stifel Financial Corporation (NYSE:SF) last posted its earnings results on Monday, October 30th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.06. The business had revenue of $721.20 million for the quarter, compared to analysts’ expectations of $701.12 million. Stifel Financial Corporation had a net margin of 6.03% and a return on equity of 9.30%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 EPS. On average, equities analysts expect that Stifel Financial Corporation will post $3.44 EPS for the current year.
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In other Stifel Financial Corporation news, Director Frederick O. Hanser sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $50.00, for a total transaction of $200,000.00. Following the sale, the director now owns 33,255 shares in the company, valued at approximately $1,662,750. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David A. Peacock bought 4,500 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were purchased at an average price of $50.03 per share, for a total transaction of $225,135.00. The disclosure for this purchase can be found here. 3.60% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amalgamated Bank raised its stake in Stifel Financial Corporation by 0.3% during the 1st quarter. Amalgamated Bank now owns 9,058 shares of the financial services provider’s stock worth $455,000 after acquiring an additional 23 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Stifel Financial Corporation by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,990 shares of the financial services provider’s stock worth $459,000 after acquiring an additional 35 shares during the period. Neuberger Berman Group LLC raised its stake in Stifel Financial Corporation by 0.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 5,627 shares of the financial services provider’s stock worth $259,000 after acquiring an additional 42 shares during the period. Public Employees Retirement System of Ohio raised its stake in Stifel Financial Corporation by 5.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,379 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 113 shares during the period. Finally, Greenwood Capital Associates LLC raised its stake in Stifel Financial Corporation by 2.9% during the 2nd quarter. Greenwood Capital Associates LLC now owns 4,502 shares of the financial services provider’s stock worth $207,000 after acquiring an additional 129 shares during the period. Institutional investors own 86.93% 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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