Brokerages Set Stifel Financial Corporation (SF) PT at $56.00

Stifel Financial Corporation (NYSE:SF) has been assigned an average rating of “Hold” from the ten analysts that are covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $56.33.

A number of research analysts have recently weighed in on the company. Zacks Investment Research lowered Stifel Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Nomura increased their price objective on Stifel Financial Corporation from $56.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday. TheStreet raised Stifel Financial Corporation from a “c+” rating to a “b” rating in a report on Monday, July 31st. BidaskClub raised Stifel Financial Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Finally, JMP Securities reissued a “neutral” rating on shares of Stifel Financial Corporation in a report on Friday, August 18th.

Stifel Financial Corporation (NYSE:SF) last announced its quarterly earnings data on Monday, October 30th. The financial services provider reported $0.89 earnings per share 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 analyst estimates of $701.12 million. Stifel Financial Corporation had a return on equity of 9.92% and a net margin of 7.61%. The company’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.69 earnings per share.

In other news, Director Kelvin R. Westbrook sold 5,200 shares of the company’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $48.08, for a total value of $250,016.00. Following the sale, the director now owns 6,684 shares in the company, valued at $321,366.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frederick O. Hanser sold 4,000 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $50.00, for a total value of $200,000.00. Following the completion of the sale, the director now owns 33,255 shares in the company, valued at approximately $1,662,750. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its stake in shares of Stifel Financial Corporation by 5.0% in the second quarter. Public Employees Retirement System of Ohio now owns 2,379 shares of the financial services provider’s stock worth $109,000 after buying an additional 113 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of 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 during the last quarter. Pacad Investment Ltd. boosted its stake in shares of 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 during the last quarter. Riverhead Capital Management LLC boosted its stake 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 worth $176,000 after buying an additional 1,827 shares during the last quarter. Finally, Capital Advisors Inc. OK purchased a new stake in shares of Stifel Financial Corporation in the second quarter worth about $202,000. Hedge funds and other institutional investors own 86.93% of the company’s stock.

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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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