Nomura Boosts Stifel Financial Corporation (SF) Price Target to $58.00

Stifel Financial Corporation (NYSE:SF) had its price objective increased by Nomura from $56.00 to $58.00 in a report released on Tuesday morning. They currently have a neutral rating on the financial services provider’s stock.

Other equities research analysts also recently issued reports about the company. BidaskClub downgraded Stifel Financial Corporation from a buy rating to a hold rating in a report on Friday, August 18th. TheStreet raised Stifel Financial Corporation from a c+ rating to a b rating in a report on Monday, July 31st. Zacks Investment Research raised Stifel Financial Corporation from a hold rating to a buy rating and set a $61.00 price target for the company in a report on Thursday, October 5th. Finally, JMP Securities reaffirmed a neutral rating on shares of Stifel Financial Corporation in a report on Friday, August 18th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $56.33.

Stifel Financial Corporation (NYSE:SF) last posted its quarterly earnings data on Monday, October 30th. The financial services provider reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.06. Stifel Financial Corporation had a return on equity of 9.92% and a net margin of 7.61%. The business had revenue of $721.20 million during the quarter, compared to the consensus estimate of $701.12 million. During the same period in the prior year, the company earned $0.69 earnings per share. The company’s revenue was up 12.3% compared to the same quarter last year.

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In other Stifel Financial Corporation news, Director Kelvin R. Westbrook sold 5,200 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $48.08, for a total value of $250,016.00. Following the completion of the sale, the director now owns 6,684 shares of the company’s stock, valued at $321,366.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.60% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in SF. Public Employees Retirement System of Ohio lifted its holdings in 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 valued at $109,000 after acquiring an additional 113 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 valued at $118,000 after buying an additional 212 shares in the last quarter. Pacad Investment Ltd. increased its position 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 valued at $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 in the last quarter. Finally, Capital Advisors Inc. OK purchased a new position in shares of Stifel Financial Corporation in the second quarter valued at $202,000. 86.93% of the stock is owned by institutional investors.

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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