Stifel Financial (NYSE:SF) Stock Rating Upgraded by Wolfe Research

Wolfe Research upgraded shares of Stifel Financial (NYSE:SF) from a market perform rating to an outperform rating in a report published on Friday, November 2nd, The Fly reports.

A number of other equities research analysts also recently commented on the stock. Zacks Investment Research raised shares of Stifel Financial from a sell rating to a hold rating in a research report on Friday, November 2nd. Wells Fargo & Co dropped their price objective on shares of Stifel Financial from $61.00 to $49.00 and set an outperform rating on the stock in a research report on Wednesday, October 31st. ValuEngine cut shares of Stifel Financial from a sell rating to a strong sell rating in a report on Tuesday, October 23rd. JMP Securities upgraded shares of Stifel Financial from a market perform rating to an outperform rating in a report on Wednesday, October 3rd. Finally, Stifel Nicolaus upgraded shares of Stifel Financial to an outperform rating in a report on Wednesday, October 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $66.20.

SF traded down $0.62 during trading hours on Friday, hitting $49.82. 669,679 shares of the company’s stock were exchanged, compared to its average volume of 473,877. Stifel Financial has a 12-month low of $42.51 and a 12-month high of $68.76. The company has a market cap of $3.53 billion, a P/E ratio of 12.49, a PEG ratio of 1.19 and a beta of 1.87. The company has a quick ratio of 0.62, a current ratio of 0.72 and a debt-to-equity ratio of 0.92.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Tuesday, October 30th. The financial services provider reported $1.35 EPS for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.01. Stifel Financial had a net margin of 9.16% and a return on equity of 14.99%. The company had revenue of $738.34 million for the quarter, compared to the consensus estimate of $764.90 million. During the same period in the prior year, the firm posted $0.89 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. Research analysts forecast that Stifel Financial will post 5.2 earnings per share for the current year.

In other news, insider James M. Zemlyak acquired 3,565 shares of the business’s stock in a transaction on Thursday, November 1st. The stock was bought at an average price of $46.99 per share, for a total transaction of $167,519.35. Following the transaction, the insider now owns 835,485 shares in the company, valued at $39,259,440.15. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $544,200.00. Following the transaction, the director now owns 40,905 shares of the company’s stock, valued at approximately $2,226,050.10. The disclosure for this sale can be found here. 3.86% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale purchased a new position in shares of Stifel Financial in the 3rd quarter valued at about $3,472,000. American International Group Inc. increased its holdings in shares of Stifel Financial by 0.8% in the 3rd quarter. American International Group Inc. now owns 189,500 shares of the financial services provider’s stock valued at $9,714,000 after purchasing an additional 1,592 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Stifel Financial by 0.4% in the 3rd quarter. BlackRock Inc. now owns 8,052,553 shares of the financial services provider’s stock valued at $412,774,000 after purchasing an additional 30,404 shares in the last quarter. Cim Investment Mangement Inc. increased its holdings in shares of Stifel Financial by 45.3% in the 3rd quarter. Cim Investment Mangement Inc. now owns 7,906 shares of the financial services provider’s stock valued at $405,000 after purchasing an additional 2,465 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Stifel Financial by 12.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,553 shares of the financial services provider’s stock valued at $541,000 after acquiring an additional 1,128 shares in the last quarter. Institutional investors own 85.96% 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, and rest of Europe. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.

Recommended Story: Why do companies engage in swaps?

The Fly

Analyst Recommendations for Stifel Financial (NYSE:SF)

Receive News & Ratings for Stifel Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stifel Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply