Stifel Financial Corp. (SF) Upgraded to “Strong-Buy” by Zacks Investment Research
Zacks Investment Research upgraded shares of Stifel Financial Corp. (NYSE:SF) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday. The firm currently has $46.00 price target on the financial services provider’s stock.
According to Zacks, “Stifel Financial Corp. is a holding company for Stifel Nicolaus & Company, Incorporated. “
SF has been the subject of several other reports. Macquarie raised their price target on Stifel Financial Corp. from $39.00 to $44.00 and gave the company an outperform rating in a report on Friday, September 9th. Nomura reduced their price target on Stifel Financial Corp. from $44.00 to $43.00 and set a buy rating for the company in a report on Monday, July 11th. Two research analysts have rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the stock. Stifel Financial Corp. presently has an average rating of Buy and an average price target of $40.00.
Shares of Stifel Financial Corp. (NYSE:SF) traded down 0.03% during mid-day trading on Tuesday, reaching $39.34. The company’s stock had a trading volume of 88,226 shares. Stifel Financial Corp. has a 1-year low of $25.00 and a 1-year high of $47.17. The company’s 50-day moving average is $38.53 and its 200 day moving average is $34.88. The firm has a market capitalization of $2.60 billion, a P/E ratio of 46.67 and a beta of 1.66.
Stifel Financial Corp. (NYSE:SF) last posted its quarterly earnings results on Tuesday, August 2nd. The financial services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.58 by $0.11. The business earned $652.10 million during the quarter, compared to analysts’ expectations of $615.82 million. Stifel Financial Corp. had a return on equity of 6.52% and a net margin of 2.67%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm earned $0.71 EPS. On average, analysts expect that Stifel Financial Corp. will post $2.50 earnings per share for the current year.
In other Stifel Financial Corp. news, Director Allen Brautigam sold 2,725 shares of the firm’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $36.94, for a total transaction of $100,661.50. Following the completion of the transaction, the director now owns 35,268 shares of the company’s stock, valued at $1,302,799.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.14% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its position in Stifel Financial Corp. by 0.4% in the second quarter. Fifth Third Bancorp now owns 25,482 shares of the financial services provider’s stock valued at $801,000 after buying an additional 99 shares during the last quarter. Raymond James & Associates increased its position in Stifel Financial Corp. by 1.1% in the second quarter. Raymond James & Associates now owns 14,946 shares of the financial services provider’s stock valued at $470,000 after buying an additional 157 shares during the last quarter. Paradigm Asset Management Co. LLC increased its position in Stifel Financial Corp. by 5.4% in the second quarter. Paradigm Asset Management Co. LLC now owns 3,900 shares of the financial services provider’s stock valued at $123,000 after buying an additional 200 shares during the last quarter. Commerce Bank increased its position in Stifel Financial Corp. by 1.5% in the second quarter. Commerce Bank now owns 14,949 shares of the financial services provider’s stock valued at $470,000 after buying an additional 228 shares during the last quarter. Finally, Barclays PLC increased its position in Stifel Financial Corp. by 1.7% in the second quarter. Barclays PLC now owns 14,993 shares of the financial services provider’s stock valued at $471,000 after buying an additional 252 shares during the last quarter. 85.21% of the stock is owned by institutional investors.
Stifel Financial Corp. 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. 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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