Zacks Investment Research lowered shares of Stifel Financial (NYSE:SF) from a buy rating to a hold rating in a research report released on Thursday.

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

SF has been the topic of a number of other reports. Wells Fargo & Co raised shares of Stifel Financial from a market perform rating to an outperform rating and lifted their target price for the company from $56.00 to $64.00 in a report on Friday, December 1st. Instinet raised shares of Stifel Financial from a neutral rating to a buy rating in a report on Wednesday. Finally, Nomura raised shares of Stifel Financial from a neutral rating to a buy rating and lifted their target price for the company from $58.00 to $77.00 in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $63.83.

Shares of Stifel Financial (NYSE:SF) traded up $1.43 during trading on Thursday, hitting $62.85. 452,500 shares of the stock were exchanged, compared to its average volume of 458,500. The firm has a market cap of $4,370.00, a PE ratio of 25.04, a price-to-earnings-growth ratio of 1.28 and a beta of 1.70. Stifel Financial has a fifty-two week low of $41.93 and a fifty-two week high of $63.60. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.68.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a $0.10 dividend. The ex-dividend date was Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.64%. Stifel Financial’s dividend payout ratio (DPR) is 15.94%.

In other Stifel Financial news, VP Mark P. Fisher sold 5,000 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $52.30, for a total transaction of $261,500.00. Following the sale, the vice president now directly owns 21,369 shares in the company, valued at approximately $1,117,598.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Ben A. Plotkin sold 20,000 shares of the business’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 sale, the insider now owns 96,226 shares in the company, valued at $5,167,336.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,304 shares of company stock worth $2,869,480. 3.60% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio boosted its position in shares of Stifel Financial by 5.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,379 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 113 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Stifel Financial by 9.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,570 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 212 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Stifel Financial during the 3rd quarter worth $137,000. Pacad Investment Ltd. boosted its position in shares of Stifel Financial by 442.9% during the 2nd quarter. Pacad Investment Ltd. now owns 3,800 shares of the financial services provider’s stock worth $175,000 after purchasing an additional 3,100 shares in the last quarter. Finally, Riverhead Capital Management LLC boosted its position in shares of Stifel Financial by 91.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,827 shares of the financial services provider’s stock worth $176,000 after purchasing an additional 1,827 shares in the last quarter. Institutional investors own 88.54% of the company’s stock.

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About Stifel Financial

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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