Stifel Financial (NYSE:SF) was upgraded by analysts at Instinet from a “neutral” rating to a “buy” rating in a report issued on Wednesday.
SF has been the topic of several other research reports. Nomura upped their price objective on Stifel Financial from $56.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, October 31st. Zacks Investment Research downgraded Stifel Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Wells Fargo & Co upgraded Stifel Financial from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $56.00 to $64.00 in a research note on Friday, December 1st. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $63.83.
Shares of Stifel Financial (NYSE SF) traded up $1.43 during midday trading on Wednesday, hitting $62.85. The stock had a trading volume of 452,500 shares, compared to its average volume of 458,500. Stifel Financial has a 12-month low of $41.93 and a 12-month high of $63.60. The stock has a market cap of $4,370.00, a P/E ratio of 25.04, a PEG ratio of 1.28 and a beta of 1.70. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.67 and a quick ratio of 0.61.
In other news, Director Frederick O. Hanser sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $51.96, for a total value of $155,880.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Ben A. Plotkin sold 20,000 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $53.70, for a total transaction of $1,074,000.00. Following the completion of the transaction, the insider now directly owns 96,226 shares in the company, valued at approximately $5,167,336.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,304 shares of company stock worth $2,869,480. Company insiders own 3.60% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SF. Stifel Financial Corp increased its stake in Stifel Financial by 1,010.0% in the third quarter. Stifel Financial Corp now owns 1,373,271 shares of the financial services provider’s stock valued at $73,418,000 after acquiring an additional 1,249,556 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Stifel Financial by 22.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,804,119 shares of the financial services provider’s stock valued at $128,934,000 after acquiring an additional 519,247 shares during the last quarter. Macquarie Group Ltd. increased its stake in Stifel Financial by 19.2% in the second quarter. Macquarie Group Ltd. now owns 2,174,947 shares of the financial services provider’s stock valued at $100,004,000 after acquiring an additional 350,536 shares during the last quarter. American Century Companies Inc. bought a new position in shares of Stifel Financial during the third quarter valued at about $18,226,000. Finally, Balyasny Asset Management LLC grew its stake in shares of Stifel Financial by 269.1% during the second quarter. Balyasny Asset Management LLC now owns 351,021 shares of the financial services provider’s stock valued at $16,140,000 after buying an additional 255,913 shares during the last quarter. 88.54% of the stock is currently owned by institutional investors and hedge funds.
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Stifel Financial 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.
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