Stifel Financial Corp (NYSE:SF) has been given a consensus recommendation of “Hold” by the nine research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $73.00.
A number of research firms have commented on SF. ValuEngine cut Stifel Financial from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Zacks Investment Research cut Stifel Financial from a “buy” rating to a “hold” rating in a report on Tuesday, July 3rd. Stifel Nicolaus raised Stifel Financial to an “outperform” rating in a report on Wednesday, October 3rd. Wolfe Research began coverage on Stifel Financial in a report on Tuesday, September 25th. They set a “market perform” rating and a $63.00 price target on the stock. Finally, JMP Securities raised Stifel Financial from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 3rd.
NYSE:SF traded up $0.23 on Friday, reaching $48.07. 1,757 shares of the company’s stock traded hands, compared to its average volume of 481,190. The company has a quick ratio of 0.62, a current ratio of 0.70 and a debt-to-equity ratio of 0.93. The stock has a market cap of $3.50 billion, a PE ratio of 11.95, a P/E/G ratio of 0.80 and a beta of 1.87. Stifel Financial has a 12 month low of $47.29 and a 12 month high of $68.76.
Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Monday, July 30th. The financial services provider reported $1.22 EPS for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.07. The business had revenue of $742.70 million for the quarter, compared to analysts’ expectations of $745.62 million. Stifel Financial had a return on equity of 13.91% and a net margin of 7.97%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $0.90 earnings per share. Sell-side analysts anticipate that Stifel Financial will post 5.14 earnings per share for the current fiscal year.
In other news, insider Victor Nesi sold 1,250 shares of Stifel Financial stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $55.02, for a total value of $68,775.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Frederick O. Hanser sold 10,000 shares of Stifel Financial stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $54.42, for a total value of $544,200.00. Following the completion of the sale, the director now directly owns 40,905 shares in the company, valued at $2,226,050.10. The disclosure for this sale can be found here. Insiders own 3.86% of the company’s stock.
Several hedge funds have recently modified their holdings of SF. Mount Yale Investment Advisors LLC bought a new stake in shares of Stifel Financial in the first quarter worth about $117,000. Private Capital Group LLC increased its holdings in shares of Stifel Financial by 11,810.0% in the first quarter. Private Capital Group LLC now owns 2,382 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 2,362 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Stifel Financial in the second quarter worth about $205,000. First Republic Investment Management Inc. bought a new stake in shares of Stifel Financial in the second quarter worth about $220,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Stifel Financial in the second quarter worth about $225,000. 86.34% of the stock is currently owned by hedge funds and other institutional investors.
About Stifel Financial
Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States, the United Kingdom, and rest of Europe. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.
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