Stifel Financial Corp. (NYSE:SF) was downgraded by research analysts at Macquarie from an “outperform” rating to a “neutral” rating in a note issued to investors on Monday.

Separately, Zacks Investment Research raised shares of Stifel Financial Corp. from a “hold” rating to a “strong-buy” rating and set a $46.00 target price on the stock in a report on Tuesday, October 11th. Two analysts have rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Stifel Financial Corp. has a consensus rating of “Hold” and an average price target of $40.00.

Analyst Recommendations for Stifel Financial Corp. (NYSE:SF)

Stifel Financial Corp. (NYSE:SF) last released its earnings results on Wednesday, November 2nd. The financial services provider reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.07. Stifel Financial Corp. had a net margin of 2.64% and a return on equity of 6.71%. The company had revenue of $641.99 million for the quarter, compared to analyst estimates of $629.13 million. During the same quarter last year, the firm earned $0.38 EPS. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year.

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In other Stifel Financial Corp. news, Vice Chairman Ben A. Plotkin sold 15,000 shares of the stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $50.20, for a total transaction of $753,000.00. Following the completion of the sale, the insider now owns 123,309 shares of the company’s stock, valued at approximately $6,190,111.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Victor Nesi sold 25,000 shares of the stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $50.20, for a total transaction of $1,255,000.00. Following the sale, the director now directly owns 139,373 shares of the company’s stock, valued at approximately $6,996,524.60. The disclosure for this sale can be found here. Company insiders own 5.14% of the company’s stock.

A number of large investors have recently made changes to their positions in SF. Vanguard Group Inc. boosted its stake in shares of Stifel Financial Corp. by 1.1% in the second quarter. Vanguard Group Inc. now owns 4,681,320 shares of the financial services provider’s stock valued at $147,228,000 after buying an additional 51,488 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Stifel Financial Corp. by 6.6% in the third quarter. BlackRock Fund Advisors now owns 3,506,858 shares of the financial services provider’s stock valued at $134,839,000 after buying an additional 216,030 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Stifel Financial Corp. by 3.1% in the third quarter. Fisher Asset Management LLC now owns 2,223,992 shares of the financial services provider’s stock valued at $85,512,000 after buying an additional 66,960 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in shares of Stifel Financial Corp. by 5.5% in the third quarter. Eagle Asset Management Inc. now owns 2,108,485 shares of the financial services provider’s stock valued at $81,071,000 after buying an additional 110,406 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its stake in shares of Stifel Financial Corp. by 12.5% in the second quarter. Macquarie Group Ltd. now owns 1,827,121 shares of the financial services provider’s stock valued at $57,463,000 after buying an additional 202,778 shares during the last quarter. 84.21% of the stock is owned by institutional investors and hedge funds.

About Stifel Financial Corp.

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.

5 Day Chart for NYSE:SF

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