Stifel Financial (NYSE:SF) had its price target upped by research analysts at Wells Fargo & Co from $64.00 to $70.00 in a research report issued on Thursday. Wells Fargo & Co’s target price would indicate a potential upside of 13.97% from the stock’s current price.
Several other equities analysts have also weighed in on SF. Zacks Investment Research lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Nomura increased their price objective on shares of Stifel Financial from $56.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, October 31st. Finally, Instinet upgraded shares of Stifel Financial from a “neutral” rating to a “buy” rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $62.83.
Stifel Financial (SF) opened at $61.42 on Thursday. Stifel Financial has a twelve month low of $41.93 and a twelve month high of $62.09. The firm has a market cap of $4,210.00, a P/E ratio of 24.47, a P/E/G ratio of 1.26 and a beta of 1.70. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.68.
Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Monday, October 30th. The financial services provider reported $0.89 earnings per share for the quarter, beating 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 analyst estimates of $701.12 million. During the same period in the prior year, the business posted $0.69 earnings per share. Stifel Financial’s revenue was up 12.3% compared to the same quarter last year. equities analysts predict that Stifel Financial will post 3.45 EPS for the current fiscal year.
In related news, Director Frederick O. Hanser sold 3,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $51.96, for a total value of $155,880.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James M. Oates sold 1,768 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $52.27, for a total transaction of $92,413.36. Following the completion of the transaction, the director now directly owns 28,640 shares of the company’s stock, valued at approximately $1,497,012.80. 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 ninety days. Insiders own 3.60% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in SF. Russell Investments Group Ltd. lifted its stake in Stifel Financial by 70.3% in the second quarter. Russell Investments Group Ltd. now owns 6,230 shares of the financial services provider’s stock valued at $286,000 after acquiring an additional 2,572 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Stifel Financial by 5.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 354,765 shares of the financial services provider’s stock valued at $16,313,000 after acquiring an additional 17,550 shares during the last quarter. Legal & General Group Plc lifted its stake in Stifel Financial by 13.6% in the second quarter. Legal & General Group Plc now owns 90,211 shares of the financial services provider’s stock valued at $4,146,000 after acquiring an additional 10,768 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in Stifel Financial in the second quarter valued at $324,000. Finally, Federated Investors Inc. PA lifted its stake in Stifel Financial by 14.6% in the second quarter. Federated Investors Inc. PA now owns 31,625 shares of the financial services provider’s stock valued at $1,454,000 after acquiring an additional 4,030 shares during the last quarter. 88.54% of the stock is owned by institutional investors and hedge funds.
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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.