Stifel Financial (NYSE:SF) Upgraded at Zacks Investment Research

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Stifel Financial (NYSE:SF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday, Zacks.com reports.

According to Zacks, “Stifel Financial Corp. is a holding company for Stifel Nicolaus & Company, Incorporated. “

Several other equities research analysts also recently commented on the stock. JMP Securities boosted their target price on shares of Stifel Financial from $61.00 to $65.00 and gave the company a “market outperform” rating in a research note on Monday, April 8th. Goldman Sachs Group upgraded shares of MICHELIN COMPAG/ADR from a “neutral” rating to a “buy” rating in a research note on Thursday, May 9th. Compass Point initiated coverage on shares of Stifel Financial in a research note on Thursday, May 30th. They issued a “buy” rating and a $65.00 target price on the stock. Finally, Wells Fargo & Co restated a “hold” rating on shares of AON in a research note on Friday, April 5th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $62.67.

Shares of Stifel Financial stock opened at $58.21 on Tuesday. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 1.75 and a beta of 1.84. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.72 and a quick ratio of 0.65. The firm has a fifty day simple moving average of $57.45. Stifel Financial has a 52-week low of $38.39 and a 52-week high of $60.25.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.11. The firm had revenue of $770.40 million for the quarter, compared to analyst estimates of $745.21 million. Stifel Financial had a net margin of 13.28% and a return on equity of 14.77%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.15 EPS. As a group, sell-side analysts forecast that Stifel Financial will post 5.68 EPS for the current year.

In related news, insider Victor Nesi sold 1,250 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $56.04, for a total transaction of $70,050.00. Following the transaction, the insider now owns 184,910 shares in the company, valued at approximately $10,362,356.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James M. Oates sold 20,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $58.61, for a total transaction of $1,172,200.00. Following the transaction, the director now owns 17,397 shares in the company, valued at approximately $1,019,638.17. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,250 shares of company stock worth $1,656,920. 3.77% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC lifted its position in Stifel Financial by 5.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 4,000 shares of the financial services provider’s stock valued at $211,000 after purchasing an additional 200 shares during the period. Shine Investment Advisory Services Inc. increased its stake in shares of Stifel Financial by 50.6% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 661 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 222 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Stifel Financial by 1.3% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 31,808 shares of the financial services provider’s stock valued at $1,679,000 after acquiring an additional 396 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Stifel Financial by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 28,889 shares of the financial services provider’s stock valued at $1,706,000 after acquiring an additional 411 shares during the last quarter. Finally, Trillium Asset Management LLC increased its stake in shares of Stifel Financial by 1.0% in the 1st quarter. Trillium Asset Management LLC now owns 44,439 shares of the financial services provider’s stock valued at $2,345,000 after acquiring an additional 432 shares during the last quarter. Institutional investors own 86.31% of the company’s stock.

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, rest of Europe, and Asia. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.

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