Stifel Financial Corporation (SF) Receives Average Rating of “Buy” from Analysts

Shares of Stifel Financial Corporation (NYSE:SF) have received an average recommendation of “Buy” from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $71.00.

A number of analysts recently commented on the stock. Wells Fargo & Co upgraded shares of Stifel Financial from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $56.00 to $64.00 in a research report on Friday, December 1st. Instinet upgraded shares of Stifel Financial from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 3rd. Nomura upgraded shares of Stifel Financial from a “neutral” rating to a “buy” rating and upped their price objective for the company from $58.00 to $77.00 in a research report on Wednesday, January 3rd. Zacks Investment Research cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Finally, Goldman Sachs Group upgraded shares of Stifel Financial from a “neutral” rating to a “buy” rating and upped their price objective for the company from $56.00 to $77.00 in a research report on Monday, January 8th.

Stifel Financial (SF) traded up $1.20 during mid-day trading on Tuesday, hitting $63.09. The stock had a trading volume of 719,672 shares, compared to its average volume of 541,079. 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 firm has a market cap of $4,230.00, a P/E ratio of 29.48, a P/E/G ratio of 1.06 and a beta of 1.69. Stifel Financial has a one year low of $41.93 and a one year high of $68.76.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $1.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.55. Stifel Financial had a return on equity of 12.05% and a net margin of 6.25%. The company had revenue of $804.10 million for the quarter, compared to the consensus estimate of $745.44 million. During the same quarter in the prior year, the business posted $0.68 EPS. The firm’s quarterly revenue was up 21.6% on a year-over-year basis. analysts predict that Stifel Financial will post 5.1 EPS for the current year.

In other Stifel Financial news, Vice Chairman Ben A. Plotkin sold 20,000 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $53.70, for a total transaction of $1,074,000.00. Following the completion of the transaction, the insider now owns 96,226 shares in the company, valued at approximately $5,167,336.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Thomas B. Michaud sold 24,536 shares of the stock in a transaction dated 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 owns 60,589 shares of the company’s stock, valued at approximately $3,174,863.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,304 shares of company stock valued at $2,869,480. 3.60% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew its holdings in shares of Stifel Financial by 5.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,379 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 113 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Stifel Financial in the 3rd quarter valued at about $137,000. M&T Bank Corp grew its holdings in shares of Stifel Financial by 8.7% in the 2nd quarter. M&T Bank Corp now owns 4,540 shares of the financial services provider’s stock valued at $209,000 after acquiring an additional 365 shares in the last quarter. Shelton Capital Management bought a new position in shares of Stifel Financial in the 2nd quarter valued at about $221,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Stifel Financial by 47.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,796 shares of the financial services provider’s stock valued at $226,000 after acquiring an additional 1,226 shares in the last quarter. Institutional investors own 88.88% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was copied illegally and reposted in violation of international trademark & copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2018/02/06/stifel-financial-corporation-sf-receives-average-rating-of-buy-from-analysts.html.

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.

Analyst Recommendations for Stifel Financial (NYSE:SF)

Receive News & Ratings for Stifel Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stifel Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply