ValuEngine upgraded shares of Stifel Financial (NYSE:SF) from a strong sell rating to a sell rating in a research note released on Friday morning.

A number of other research firms have also commented on SF. Zacks Investment Research upgraded Stifel Financial from a sell rating to a buy rating and set a $62.00 price objective on the stock in a research note on Friday, August 3rd. Wolfe Research initiated coverage on Stifel Financial in a research note on Tuesday, September 25th. They issued a market perform rating and a $63.00 price objective on the stock. JMP Securities upgraded Stifel Financial from a market perform rating to an outperform rating in a research note on Wednesday, October 3rd. Stifel Nicolaus upgraded Stifel Financial to an outperform rating in a research note on Wednesday, October 3rd. Finally, Wells Fargo & Co lowered their price target on Stifel Financial from $61.00 to $49.00 and set an outperform rating on the stock in a research note on Wednesday, October 31st. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $66.20.

Shares of NYSE:SF opened at $49.75 on Friday. Stifel Financial has a fifty-two week low of $42.51 and a fifty-two week high of $68.76. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 12.47, a P/E/G ratio of 1.20 and a beta of 1.87. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.92.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Tuesday, October 30th. The financial services provider reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.01. The company had revenue of $738.34 million during the quarter, compared to analysts’ expectations of $764.90 million. Stifel Financial had a return on equity of 14.99% and a net margin of 9.16%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 earnings per share. As a group, analysts predict that Stifel Financial will post 5.2 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Friday, November 30th. Stifel Financial’s payout ratio is currently 12.03%.

In other news, insider James M. Zemlyak acquired 3,565 shares of Stifel Financial stock in a transaction on Thursday, November 1st. The shares were purchased at an average price of $46.99 per share, with a total value of $167,519.35. Following the acquisition, the insider now owns 835,485 shares in the company, valued at $39,259,440.15. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Frederick O. Hanser sold 10,000 shares of the company’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $54.42, for a total value of $544,200.00. Following the transaction, the director now directly owns 40,905 shares in the company, valued at approximately $2,226,050.10. The disclosure for this sale can be found here. 3.86% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its holdings in Stifel Financial by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,218,612 shares of the financial services provider’s stock worth $63,673,000 after buying an additional 6,065 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Stifel Financial by 4.2% during the 2nd quarter. Macquarie Group Ltd. now owns 2,437,842 shares of the financial services provider’s stock valued at $127,377,000 after acquiring an additional 98,692 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Stifel Financial by 2.6% during the 2nd quarter. Wells Fargo & Company MN now owns 873,205 shares of the financial services provider’s stock valued at $45,624,000 after acquiring an additional 22,517 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in shares of Stifel Financial by 22.2% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 303,039 shares of the financial services provider’s stock valued at $15,834,000 after acquiring an additional 55,000 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of Stifel Financial during the 2nd quarter valued at $294,000. 84.79% of the stock is currently owned by hedge funds and other institutional investors.

Stifel Financial Company Profile

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States, the United Kingdom, and rest of Europe. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.

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Analyst Recommendations for Stifel Financial (NYSE:SF)

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