Stifel Financial Corp. (SF) Shares Gap Up to $31.23
Shares of Stifel Financial Corp. (NYSE:SF) gapped up before the market opened on Tuesday . The stock had previously closed at $30.92, but opened at $31.23. Stifel Financial Corp. shares last traded at $32.46, with a volume of 321,938 shares traded.
Several brokerages recently issued reports on SF. Nomura cut their price objective on Stifel Financial Corp. from $44.00 to $43.00 and set a “buy” rating for the company in a report on Monday. Nomura Holdings Inc. reiterated a “buy” rating on shares of Stifel Financial Corp. in a report on Monday. Zacks Investment Research lowered Stifel Financial Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Finally, Credit Suisse Group AG reiterated a “sell” rating on shares of Stifel Financial Corp. in a report on Tuesday, May 10th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $39.67.
The stock’s 50 day moving average is $34.34 and its 200 day moving average is $32.93. The firm has a market cap of $2.15 billion and a P/E ratio of 32.98.
Stifel Financial Corp. (NYSE:SF) last issued its earnings results on Monday, May 9th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.06. The firm earned $620 million during the quarter, compared to the consensus estimate of $600.83 million. During the same period in the previous year, the company posted $0.65 earnings per share. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. On average, analysts predict that Stifel Financial Corp. will post $2.48 EPS for the current year.
In other Stifel Financial Corp. news, Vice Chairman Ben A. Plotkin sold 15,270 shares of the stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $36.69, for a total value of $560,256.30. Following the transaction, the insider now directly owns 138,309 shares of the company’s stock, valued at approximately $5,074,557.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kelvin R. Westbrook sold 4,500 shares of the stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $37.50, for a total transaction of $168,750.00. Following the completion of the transaction, the director now directly owns 8,509 shares in the company, valued at $319,087.50. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. boosted its position in Stifel Financial Corp. by 213.8% in the fourth quarter. Ameritas Investment Partners Inc. now owns 49,169 shares of the financial services provider’s stock valued at $2,083,000 after buying an additional 33,500 shares in the last quarter. Tributary Capital Management LLC raised its position in shares of Stifel Financial Corp. by 3.5% in the fourth quarter. Tributary Capital Management LLC now owns 199,148 shares of the financial services provider’s stock worth $8,436,000 after buying an additional 6,671 shares during the last quarter. Liberty Mutual Group Asset Management Inc. raised its position in shares of Stifel Financial Corp. by 48.7% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 43,968 shares of the financial services provider’s stock worth $1,863,000 after buying an additional 14,405 shares during the last quarter. State of Wisconsin Investment Board raised its position in shares of Stifel Financial Corp. by 13.5% in the fourth quarter. State of Wisconsin Investment Board now owns 293,397 shares of the financial services provider’s stock worth $12,428,000 after buying an additional 34,958 shares during the last quarter. Finally, OppenheimerFunds Inc. acquired a new position in shares of Stifel Financial Corp. during the fourth quarter worth about $9,130,000.
Stifel Financial Corp. is a financial holding company. The Company operates in three segments: Global Wealth Management, Institutional Group and Other. Global Wealth Management segment is engaged in the provision of Customer Financing and Asset Management, and operates Consolidated Stifel Branch System and Stifel Bank.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.