Stifel Financial Corporation (NYSE:SF) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

Several other analysts have also recently issued reports on SF. Zacks Investment Research upgraded Stifel Financial Corporation from a “sell” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Thursday. TheStreet upgraded Stifel Financial Corporation from a “c+” rating to a “b” rating in a research note on Monday, July 31st. Wells Fargo & Company restated a “market perform” rating and set a $50.00 price objective (down previously from $54.00) on shares of Stifel Financial Corporation in a research note on Monday, June 12th. Nomura restated a “neutral” rating on shares of Stifel Financial Corporation in a research note on Tuesday, May 23rd. Finally, Instinet cut Stifel Financial Corporation from a “buy” rating to a “neutral” rating and cut their price objective for the company from $60.00 to $51.00 in a research note on Tuesday, May 23rd. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Stifel Financial Corporation has an average rating of “Hold” and a consensus 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 stock had a trading volume of 441,215 shares. Stifel Financial Corporation has a one year low of $35.63 and a one year high of $56.62. The company has a market cap of $3.42 billion, a P/E ratio of 25.80 and a beta of 1.71. The stock has a 50 day moving average of $46.84 and a 200-day moving average of $48.73.

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

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In other news, Director David A. Peacock acquired 4,500 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were purchased at an average price of $50.03 per share, for a total transaction of $225,135.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.14% of the company’s stock.

Several hedge funds have recently made changes to their positions in SF. Quantbot Technologies LP bought a new stake in shares of Stifel Financial Corporation during the first quarter worth $190,000. World Asset Management Inc boosted its stake in shares of Stifel Financial Corporation by 4.0% in the first quarter. World Asset Management Inc now owns 4,170 shares of the financial services provider’s stock worth $209,000 after buying an additional 160 shares during the last quarter. M&T Bank Corp bought a new stake in shares of Stifel Financial Corporation during the first quarter worth $209,000. Greenwood Capital Associates LLC bought a new stake in shares of Stifel Financial Corporation during the first quarter worth $219,000. Finally, LS Investment Advisors LLC boosted its stake in shares of Stifel Financial Corporation by 1.8% in the first quarter. LS Investment Advisors LLC now owns 4,604 shares of the financial services provider’s stock worth $231,000 after buying an additional 83 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

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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