Stifel Financial (SF) Cut to Hold at Zacks Investment Research

Stifel Financial (NYSE:SF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday.

According to Zacks, “Stifel Financial Corp. is a holding company for Stifel Nicolaus & Company, Incorporated. “

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Co raised their target price on shares of Stifel Financial from $64.00 to $70.00 in a research report on Thursday. Nomura raised shares of Stifel Financial from a “neutral” rating to a “buy” rating and raised their target price for the stock from $58.00 to $77.00 in a research report on Wednesday. Finally, Instinet raised shares of Stifel Financial from a “neutral” rating to a “buy” rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $62.83.

Stifel Financial (NYSE:SF) traded up $1.17 during trading hours on Thursday, hitting $61.42. 503,200 shares of the stock traded hands, compared to its average volume of 461,500. Stifel Financial has a 12-month low of $41.93 and a 12-month high of $62.09. 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 stock has a market cap of $4,310.00, a PE ratio of 24.47, a price-to-earnings-growth ratio of 1.26 and a beta of 1.70.

Stifel Financial (NYSE:SF) last posted its earnings results on Monday, October 30th. The financial services provider reported $0.89 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 firm had revenue of $721.20 million during the quarter, compared to analysts’ expectations of $701.12 million. During the same period last year, the company posted $0.69 EPS. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. equities research analysts expect that Stifel Financial will post 3.45 earnings per share for the current fiscal year.

In other Stifel Financial news, insider Thomas B. Michaud sold 24,536 shares of the firm’s stock in a transaction dated 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 completion of the sale, 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 can be accessed through the SEC website. Also, Vice Chairman Ben A. Plotkin sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $53.70, for a total transaction of $1,074,000.00. Following the sale, the insider now owns 96,226 shares of the company’s stock, valued at $5,167,336.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,304 shares of company stock valued at $2,869,480. 3.60% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Stifel Financial 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 valued at $459,000 after purchasing an additional 35 shares in the last quarter. Neuberger Berman Group LLC grew its stake in shares of Stifel Financial by 0.8% in the second 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 grew its stake in shares of Stifel Financial 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 acquiring an additional 113 shares during the period. ETRADE Capital Management LLC grew its stake in shares of Stifel Financial by 0.7% in the second quarter. ETRADE Capital Management LLC now owns 19,819 shares of the financial services provider’s stock worth $911,000 after acquiring an additional 147 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Stifel Financial 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 acquiring an additional 212 shares during the period. Institutional investors and hedge funds own 88.54% of the company’s stock.

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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.

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