Stifel Financial (NYSE:SF) was upgraded by equities researchers at Wells Fargo & Company from a “market perform” rating to an “outperform” rating in a report issued on Friday.
A number of other equities research analysts have also weighed in on the stock. BidaskClub upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Stifel Financial from a “sell” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Thursday, August 3rd. JMP Securities reaffirmed a “neutral” rating on shares of Stifel Financial in a research report on Friday, August 18th. Finally, Nomura lifted their price target on shares of Stifel Financial from $56.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, October 31st. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Stifel Financial currently has a consensus rating of “Hold” and a consensus price target of $56.33.
Stifel Financial (NYSE SF) traded up $1.17 during trading hours on Friday, hitting $57.42. The company had a trading volume of 195,006 shares, compared to its average volume of 419,836. Stifel Financial has a 12 month low of $41.93 and a 12 month high of $56.80. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.61 and a current ratio of 0.67. The company has a market cap of $3,850.00, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 1.32 and a beta of 1.70.
In other news, insider Thomas B. Michaud sold 24,536 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $52.40, for a total value of $1,285,686.40. Following the transaction, the insider now directly owns 60,589 shares in the company, valued at approximately $3,174,863.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Vice Chairman Ben A. Plotkin sold 20,000 shares of Stifel Financial stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $53.70, for a total value of $1,074,000.00. Following the transaction, the insider now owns 96,226 shares in the company, valued at $5,167,336.20. The disclosure for this sale can be found here. Insiders sold 54,304 shares of company stock valued at $2,869,480 in the last three months. Company insiders own 3.60% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System increased its stake in Stifel Financial by 2.7% in the third quarter. California Public Employees Retirement System now owns 171,664 shares of the financial services provider’s stock valued at $9,177,000 after purchasing an additional 4,447 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Stifel Financial by 4.1% in the third quarter. Janney Montgomery Scott LLC now owns 91,434 shares of the financial services provider’s stock worth $4,888,000 after acquiring an additional 3,561 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Stifel Financial in the third quarter valued at $137,000. Point72 Asset Management L.P. bought a new position in Stifel Financial during the 3rd quarter valued at $743,000. Finally, Jane Street Group LLC bought a new position in Stifel Financial during the 3rd quarter valued at $271,000. 88.58% of the stock is currently owned by hedge funds and other institutional investors.
About Stifel Financial
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.
Receive News & Ratings for Stifel Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stifel Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.