Stifel Financial (SF) Stock Rating Upgraded by Instinet

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.

Stifel Financial (NYSE:SF) last announced its earnings results on Monday, October 30th. The financial services provider reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.06. Stifel Financial had a return on equity of 9.78% and a net margin of 7.61%. The firm had revenue of $721.20 million for the quarter, compared to the consensus estimate of $701.12 million. During the same quarter in the previous year, the business earned $0.69 EPS. The company’s revenue was up 12.3% compared to the same quarter last year. research analysts expect that Stifel Financial will post 3.45 earnings per share for the current fiscal year.

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.

Analyst Recommendations for Stifel Financial (NYSE:SF)

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