Stifel Financial (SF) Stock Rating Upgraded by Instinet

Stifel Financial (NYSE:SF) was upgraded by Instinet from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

A number of other research analysts have also recently weighed in on SF. Zacks Investment Research cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. 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. Finally, Wells Fargo & Co raised shares of Stifel Financial from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $56.00 to $64.00 in a research report on Friday, December 1st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $58.67.

Shares of Stifel Financial (SF) opened at $60.25 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.67 and a quick ratio of 0.61. Stifel Financial has a 12-month low of $41.93 and a 12-month high of $61.47. The stock has a market cap of $4,130.00, a P/E ratio of 24.00, a P/E/G ratio of 1.24 and a beta of 1.70.

Stifel Financial (NYSE:SF) last released its earnings results on Monday, October 30th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.06. Stifel Financial had a net margin of 7.61% and a return on equity of 9.78%. The business had revenue of $721.20 million for the quarter, compared to analysts’ expectations of $701.12 million. During the same period last year, the company earned $0.69 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. analysts anticipate that Stifel Financial will post 3.45 EPS for the current fiscal year.

In other news, insider Thomas B. Michaud sold 24,536 shares of Stifel Financial stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $52.40, for a total transaction of $1,285,686.40. Following the sale, the insider now owns 60,589 shares in the company, valued at $3,174,863.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mark P. Fisher sold 5,000 shares of Stifel Financial stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $52.30, for a total transaction of $261,500.00. Following the sale, the vice president now owns 21,369 shares in the company, valued at approximately $1,117,598.70. The disclosure for this sale can be found here. Insiders have sold 54,304 shares of company stock worth $2,869,480 in the last quarter. Insiders own 3.60% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Stifel Financial by 1.2% in the second quarter. Vanguard Group Inc. now owns 5,439,570 shares of the financial services provider’s stock worth $250,111,000 after buying an additional 63,078 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Stifel Financial by 9.2% in the third quarter. Dimensional Fund Advisors LP now owns 3,061,808 shares of the financial services provider’s stock worth $163,684,000 after purchasing an additional 257,689 shares during the period. Macquarie Group Ltd. boosted its holdings in Stifel Financial by 9.0% in the third quarter. Macquarie Group Ltd. now owns 2,369,852 shares of the financial services provider’s stock worth $126,692,000 after purchasing an additional 194,905 shares during the period. State Street Corp boosted its holdings in Stifel Financial by 5.0% in the second quarter. State Street Corp now owns 2,249,727 shares of the financial services provider’s stock worth $103,438,000 after purchasing an additional 106,990 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in Stifel Financial by 1.5% in the third quarter. Fisher Asset Management LLC now owns 2,078,578 shares of the financial services provider’s stock worth $111,121,000 after purchasing an additional 29,901 shares during the period. Institutional investors and hedge funds own 88.54% of the company’s stock.

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Stifel Financial 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.