Stifel Financial Corporation (NYSE:SF) Upgraded by TheStreet to B

Stifel Financial Corporation (NYSE:SF) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b” rating in a research note issued to investors on Monday, July 31st.

Several other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Stifel Financial Corporation from a “buy” rating to a “sell” rating in a research report on Tuesday, May 16th. BidaskClub raised shares of Stifel Financial Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Wells Fargo & Company reiterated a “market perform” rating and issued a $50.00 price objective (down previously from $54.00) on shares of Stifel Financial Corporation in a research note on Monday, June 12th. Nomura restated a “neutral” rating on shares of Stifel Financial Corporation in a research report on Tuesday, May 23rd. Finally, Instinet downgraded shares of Stifel Financial Corporation from a “buy” rating to a “neutral” rating and lowered their target price for the company from $60.00 to $51.00 in a report on Tuesday, May 23rd. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Stifel Financial Corporation presently has a consensus rating of “Hold” and an average target price of $53.33.

Stifel Financial Corporation (NYSE SF) opened at 49.78 on Monday. The stock has a market cap of $3.40 billion, a P/E ratio of 25.70 and a beta of 1.71. Stifel Financial Corporation has a 12-month low of $36.36 and a 12-month high of $56.62. The firm’s 50 day moving average price is $47.94 and its 200-day moving average price is $48.81.

Stifel Financial Corporation (NYSE:SF) last announced its quarterly earnings data on Monday, July 31st. The financial services provider reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.14. The business had revenue of $725.60 million for the quarter, compared to analyst estimates of $689.67 million. Stifel Financial Corporation had a net margin of 6.03% and a return on equity of 9.30%. The company’s revenue was up 11.3% on a year-over-year basis. During the same period last year, the business earned $0.69 EPS. Equities research analysts anticipate that Stifel Financial Corporation will post $3.43 earnings per share for the current fiscal year.

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In related news, Director David A. Peacock purchased 4,500 shares of Stifel Financial Corporation stock in a transaction dated Wednesday, August 2nd. The stock was acquired at an average cost of $50.03 per share, with a total value of $225,135.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frederick O. Hanser sold 4,000 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $50.00, for a total transaction of $200,000.00. Following the completion of the sale, the director now directly owns 33,255 shares of the company’s stock, valued at $1,662,750. The disclosure for this sale can be found here. Corporate insiders own 5.14% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in SF. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Stifel Financial Corporation by 9.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,570 shares of the financial services provider’s stock worth $118,000 after buying an additional 212 shares in the last quarter. Pacad Investment Ltd. increased its position in Stifel Financial Corporation by 442.9% in the second quarter. Pacad Investment Ltd. now owns 3,800 shares of the financial services provider’s stock worth $175,000 after buying an additional 3,100 shares in the last quarter. Riverhead Capital Management LLC increased its position in shares of Stifel Financial Corporation by 91.4% in the second quarter. Riverhead Capital Management LLC now owns 3,827 shares of the financial services provider’s stock valued at $176,000 after buying an additional 1,827 shares during the period. Quantbot Technologies LP bought a new position in shares of Stifel Financial Corporation during the first quarter valued at approximately $190,000. Finally, Capital Advisors Inc. OK bought a new position in shares of Stifel Financial Corporation during the second quarter valued at approximately $202,000. Hedge funds and other institutional investors own 86.19% of the company’s stock.

Stifel Financial Corporation Company Profile

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.

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