Stifel Financial (SF) Upgraded at Nomura

Nomura upgraded shares of Stifel Financial (NYSE:SF) from a neutral rating to a buy rating in a research report released on Wednesday morning, MarketBeat reports. Nomura currently has $77.00 target price on the financial services provider’s stock, up from their previous target price of $58.00.

A number of other equities analysts have also commented on the company. Instinet upgraded Stifel Financial from a neutral rating to a buy rating in a research note on Wednesday. Wells Fargo & Co raised Stifel Financial from a market perform rating to an outperform rating and raised their target price for the company from $56.00 to $64.00 in a report on Friday, December 1st. Finally, Zacks Investment Research raised Stifel Financial from a hold rating to a buy rating and set a $61.00 target price on the stock in a report on Thursday, October 5th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Stifel Financial presently has a consensus rating of Buy and a consensus price target of $63.83.

Stifel Financial (NYSE SF) opened at $64.54 on Wednesday. Stifel Financial has a 52 week low of $41.93 and a 52 week high of $64.63. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.61 and a current ratio of 0.67. The company has a market capitalization of $4,370.00, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 1.28 and a beta of 1.70.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Monday, October 30th. The financial services provider reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.06. Stifel Financial had a return on equity of 9.78% and a net margin of 7.61%. The firm had revenue of $721.20 million for the quarter, compared to analyst estimates of $701.12 million. During the same quarter last year, the company earned $0.69 EPS. The company’s revenue was up 12.3% on a year-over-year basis. equities analysts forecast that Stifel Financial will post 3.45 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend was Thursday, November 30th. Stifel Financial’s dividend payout ratio is presently 15.94%.

In other Stifel Financial news, insider Thomas B. Michaud sold 24,536 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $52.40, for a total value of $1,285,686.40. Following the sale, the insider now owns 60,589 shares of the company’s stock, valued at approximately $3,174,863.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James M. Oates sold 1,768 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $52.27, for a total value of $92,413.36. Following the completion of the sale, the director now directly owns 28,640 shares in the company, valued at approximately $1,497,012.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,304 shares of company stock worth $2,869,480. Company insiders own 3.60% of the company’s stock.

Several hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio boosted its holdings 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 valued at $109,000 after acquiring an additional 113 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Stifel Financial during the 3rd quarter valued at $137,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings 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 valued at $118,000 after acquiring an additional 212 shares in the last quarter. Pacad Investment Ltd. boosted its holdings 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 valued at $175,000 after acquiring an additional 3,100 shares in the last quarter. Finally, Riverhead Capital Management LLC boosted its holdings 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 valued at $176,000 after acquiring an additional 1,827 shares in the last quarter. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

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Stifel Financial 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.

Analyst Recommendations for Stifel Financial (NYSE:SF)

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