Stifel Financial Corp. (SF) Upgraded to Strong-Buy at Zacks Investment Research
Stifel Financial Corp. (NYSE:SF) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday. The firm presently has a $46.00 price target on the financial services provider’s stock. Zacks Investment Research’s price target suggests a potential upside of 15.03% from the stock’s current price.
According to Zacks, “Stifel Financial Corp. is a holding company for Stifel Nicolaus & Company, Incorporated. “
Other research analysts have also issued reports about the company. Nomura reissued a “buy” rating on shares of Stifel Financial Corp. in a report on Monday, July 11th. Macquarie boosted their target price on Stifel Financial Corp. from $39.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, September 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the stock. Stifel Financial Corp. currently has a consensus rating of “Buy” and a consensus price target of $40.00.
Shares of Stifel Financial Corp. (NYSE:SF) traded down 1.33% on Tuesday, hitting $39.46. The company’s stock had a trading volume of 110,436 shares. Stifel Financial Corp. has a 52 week low of $25.00 and a 52 week high of $47.17. The stock’s 50-day moving average price is $38.48 and its 200-day moving average price is $34.85. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 46.81 and a beta of 1.66.
Stifel Financial Corp. (NYSE:SF) last posted its earnings results on Tuesday, August 2nd. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.11. The business had revenue of $652.10 million for the quarter, compared to analyst estimates of $615.82 million. Stifel Financial Corp. had a return on equity of 6.52% and a net margin of 2.67%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 EPS. Equities analysts expect that Stifel Financial Corp. will post $2.50 earnings per share for the current fiscal year.
In other news, Director Allen Brautigam sold 2,725 shares of the stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $36.94, for a total transaction of $100,661.50. Following the sale, the director now directly owns 35,268 shares of the company’s stock, valued at approximately $1,302,799.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 5.14% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Aperio Group LLC raised its stake in Stifel Financial Corp. by 53.9% in the first quarter. Aperio Group LLC now owns 16,715 shares of the financial services provider’s stock valued at $495,000 after buying an additional 5,853 shares during the period. Teachers Advisors Inc. raised its stake in Stifel Financial Corp. by 0.5% in the first quarter. Teachers Advisors Inc. now owns 99,129 shares of the financial services provider’s stock valued at $2,934,000 after buying an additional 490 shares during the period. Prudential Financial Inc. raised its stake in Stifel Financial Corp. by 192.6% in the first quarter. Prudential Financial Inc. now owns 775,754 shares of the financial services provider’s stock valued at $22,962,000 after buying an additional 510,600 shares during the period. BlackRock Inc. raised its stake in Stifel Financial Corp. by 7.7% in the first quarter. BlackRock Inc. now owns 28,124 shares of the financial services provider’s stock valued at $833,000 after buying an additional 2,008 shares during the period. Finally, BlackRock Group LTD raised its stake in Stifel Financial Corp. by 34.9% in the first quarter. BlackRock Group LTD now owns 50,198 shares of the financial services provider’s stock valued at $1,486,000 after buying an additional 12,988 shares during the period. 85.21% of the stock is currently owned by institutional investors.
About Stifel Financial Corp.
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. Its principal activities are private client services, including securities transaction and financial planning services; institutional equity and fixed income sales, trading, research and municipal finance; investment banking services, including mergers and acquisitions, public offerings and private placements, and retail and commercial banking, including personal and commercial lending programs.
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