Stifel Financial Corp. (SF) Shares Up 2.3%
Shares of Stifel Financial Corp. (NYSE:SF) shot up 2.3% during trading on Friday . The stock traded as high as $38.65 and last traded at $38.52, with a volume of 239,729 shares trading hands. The stock had previously closed at $37.64.
Several brokerages have commented on SF. Nomura dropped their target price on shares of Stifel Financial Corp. from $44.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, July 11th. Zacks Investment Research upgraded shares of Stifel Financial Corp. from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Tuesday, June 28th. Finally, Credit Suisse Group AG reiterated a “sell” rating on shares of Stifel Financial Corp. in a research report on Tuesday, May 10th. Three analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $37.86.
The stock’s 50-day moving average is $35.34 and its 200 day moving average is $32.99. The stock has a market capitalization of $2.54 billion and a P/E ratio of 45.44.
Stifel Financial Corp. (NYSE:SF) last posted its quarterly earnings results on Tuesday, August 2nd. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.11. The firm had revenue of $652.10 million for the quarter, compared to analyst estimates of $615.82 million. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.71 EPS. On average, equities research analysts expect that Stifel Financial Corp. will post $2.53 earnings per share for the current fiscal year.
In other Stifel Financial Corp. news, Director Allen Brautigam sold 2,725 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $36.94, for a total value of $100,661.50. Following the sale, the director now owns 35,268 shares in the company, valued at $1,302,799.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kelvin R. Westbrook sold 4,500 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now owns 8,509 shares in the company, valued at approximately $319,087.50. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Stifel Financial Corp. stock. Schroder Investment Management Group increased its position in shares of Stifel Financial Corp. (NYSE:SF) by 5.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 512,796 shares of the financial services provider’s stock after buying an additional 27,600 shares during the period. Schroder Investment Management Group owned 0.75% of Stifel Financial Corp. worth $21,722,000 at the end of the most recent reporting period.
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. Its principal activities are private client services, including securities transaction and financial planning services; institutional equity and fixed income sales, trading, research and municipal finance; investment banking services, including mergers and acquisitions, public offerings and private placements, and retail and commercial banking, including personal and commercial lending programs.
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