Zacks Investment Research upgraded shares of Stifel Financial Corporation (NYSE:SF) from a sell rating to a buy rating in a research report sent to investors on Thursday morning. Zacks Investment Research currently has $57.00 price objective on the financial services provider’s stock.

According to Zacks, “Stifel Financial Corp. is a holding company for Stifel Nicolaus & Company, Incorporated. “

Several other analysts also recently issued reports on SF. Instinet downgraded Stifel Financial Corporation from a buy rating to a neutral rating and decreased their price target for the stock from $60.00 to $51.00 in a research note on Tuesday, May 23rd. Nomura reiterated a neutral rating on shares of Stifel Financial Corporation in a research note on Tuesday, May 23rd. Wells Fargo & Co reiterated a market perform rating and set a $50.00 price target (down previously from $54.00) on shares of Stifel Financial Corporation in a research note on Monday, June 12th. BidaskClub upgraded Stifel Financial Corporation from a strong sell rating to a sell rating in a research note on Tuesday, June 13th. Finally, TheStreet upgraded Stifel Financial Corporation from a c+ rating to a b rating in a research note on Monday, July 31st. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $53.33.

Shares of Stifel Financial Corporation (NYSE SF) traded up 0.54% during midday trading on Thursday, hitting $49.98. The company had a trading volume of 441,215 shares. The company’s 50 day moving average is $46.84 and its 200 day moving average is $48.73. Stifel Financial Corporation has a one year low of $35.03 and a one year high of $56.62. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 25.80 and a beta of 1.71.

Stifel Financial Corporation (NYSE:SF) last released its quarterly earnings results on Monday, July 31st. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.14. The company had revenue of $725.60 million during the quarter, compared to the consensus estimate of $689.67 million. Stifel Financial Corporation had a return on equity of 9.40% and a net margin of 6.03%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 EPS. Equities analysts forecast that Stifel Financial Corporation will post $3.43 earnings per share for the current fiscal year.

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In other Stifel Financial Corporation news, Director David A. Peacock acquired 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was acquired at an average price of $50.03 per share, with a total value of $225,135.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 5.14% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the company. Retirement Systems of Alabama boosted its position in Stifel Financial Corporation by 2.8% in the first quarter. Retirement Systems of Alabama now owns 87,979 shares of the financial services provider’s stock valued at $4,416,000 after buying an additional 2,423 shares in the last quarter. Columbus Circle Investors acquired a new position in Stifel Financial Corporation during the first quarter valued at $25,298,000. Boston Advisors LLC acquired a new position in Stifel Financial Corporation during the first quarter valued at $5,700,000. Louisiana State Employees Retirement System boosted its position in Stifel Financial Corporation by 4.9% in the first quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the financial services provider’s stock valued at $863,000 after buying an additional 800 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in Stifel Financial Corporation during the first quarter valued at $487,000. 86.23% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Corporation 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. 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 Corporation (NYSE:SF)

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