Stifel Financial (NYSE:SF) Rating Lowered to Strong Sell at Zacks Research

Stifel Financial (NYSE:SF) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday, Zacks reports.

Several other equities analysts have also recently issued reports on SF. UBS Group set a $83.00 price objective on Stifel Financial and gave the stock a “buy” rating in a research note on Thursday. Wall Street Zen downgraded Stifel Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a report on Wednesday, August 26th. Citigroup reissued a “market outperform” rating on shares of Stifel Financial in a research report on Thursday. Finally, Capital One Financial set a $75.00 price objective on shares of Stifel Financial in a research note on Tuesday, October 6th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $85.71.

Stifel Financial Trading Down 1.7%

Shares of SF opened at $66.69 on Thursday. The stock’s fifty day simple moving average is $74.85 and its 200 day simple moving average is $75.82. The firm has a market capitalization of $10.07 billion, a P/E ratio of 11.58 and a beta of 1.01. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33. Stifel Financial has a twelve month low of $65.40 and a twelve month high of $89.83.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.02. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.45 billion. Stifel Financial had a return on equity of 19.38% and a net margin of 16.50%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.95 EPS. On average, equities research analysts forecast that Stifel Financial will post 6.11 earnings per share for the current year.

Institutional Trading of Stifel Financial

A number of institutional investors have recently bought and sold shares of the business. Signaturefd LLC boosted its holdings in Stifel Financial by 33.3% in the 3rd quarter. Signaturefd LLC now owns 4,278 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 1,068 shares during the period. Citizens Financial Group Inc. RI lifted its position in Stifel Financial by 102.4% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 6,895 shares of the financial services provider’s stock worth $483,000 after buying an additional 3,489 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in shares of Stifel Financial by 1.3% in the 3rd quarter. Evergreen Capital Management LLC now owns 14,319 shares of the financial services provider’s stock valued at $1,003,000 after purchasing an additional 180 shares in the last quarter. Inspire Investing LLC boosted its position in Stifel Financial by 9.5% during the third quarter. Inspire Investing LLC now owns 8,764 shares of the financial services provider’s stock valued at $614,000 after buying an additional 763 shares during the period. Finally, MBL Wealth LLC bought a new position in Stifel Financial during the 3rd quarter worth approximately $287,000. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Company Profile

Stifel Financial Corp. is a financial services holding company headquartered in St. Louis, Missouri. Through its principal operating subsidiaries, including Stifel, Nicolaus & Company, Incorporated, the company provides wealth management, investment banking, securities brokerage and related financial services to individual investors, corporations, municipalities and institutional clients.

Its wealth management business offers investment advice, brokerage services, financial planning, banking and lending solutions, and access to a range of investment products.