Stifel Financial (NYSE:SF) Stock Rating Lowered by Zacks Research

Stifel Financial (NYSE:SF) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday, Zacks reports.

SF has been the subject of several other reports. Citigroup reaffirmed a “market outperform” rating on shares of Stifel Financial in a report on Thursday. TD Cowen decreased their target price on shares of Stifel Financial from $84.00 to $78.00 and set a “hold” rating for the company in a research note on Monday, October 12th. Wall Street Zen downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. UBS Group set a $83.00 target price on shares of Stifel Financial and gave the stock a “buy” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. cut their price target on shares of Stifel Financial from $82.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Stifel Financial has a consensus rating of “Hold” and an average price target of $85.71.

Stifel Financial Stock Down 1.7%

Stifel Financial stock opened at $66.69 on Thursday. The firm has a market cap of $10.07 billion, a price-to-earnings ratio of 11.58 and a beta of 1.01. Stifel Financial has a 52 week low of $65.40 and a 52 week high of $89.83. The business’s 50-day moving average price is $74.85 and its 200 day moving average price is $75.82. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.02. Stifel Financial had a return on equity of 19.38% and a net margin of 16.50%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the company posted $1.95 earnings per share. Stifel Financial’s revenue for the quarter was down .2% on a year-over-year basis. As a group, sell-side analysts anticipate that Stifel Financial will post 6.11 earnings per share for the current year.

Institutional Trading of Stifel Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. Signaturefd LLC raised its holdings in shares of Stifel Financial by 33.3% in the 3rd quarter. Signaturefd LLC now owns 4,278 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 1,068 shares in the last quarter. Citizens Financial Group Inc. RI lifted its position in shares of Stifel Financial by 102.4% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 6,895 shares of the financial services provider’s stock worth $483,000 after purchasing an additional 3,489 shares during the last quarter. Evergreen Capital Management LLC grew its stake in shares of Stifel Financial by 1.3% during the third quarter. Evergreen Capital Management LLC now owns 14,319 shares of the financial services provider’s stock worth $1,003,000 after purchasing an additional 180 shares in the last quarter. Inspire Investing LLC grew its stake in shares of Stifel Financial by 9.5% during the third quarter. Inspire Investing LLC now owns 8,764 shares of the financial services provider’s stock worth $614,000 after purchasing an additional 763 shares in the last quarter. Finally, MBL Wealth LLC acquired a new position in shares of Stifel Financial during the third quarter worth $287,000. 82.01% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Company Profile

Stifel Financial Corp. is a financial services holding company headquartered in St. Louis, Missouri. Through its principal operating subsidiaries, including Stifel, Nicolaus & Company, Incorporated, the company provides wealth management, investment banking, securities brokerage and related financial services to individual investors, corporations, municipalities and institutional clients.

Its wealth management business offers investment advice, brokerage services, financial planning, banking and lending solutions, and access to a range of investment products.