Stifel Financial (SF) Rating Increased to Buy at Instinet

Instinet upgraded shares of Stifel Financial (NYSE:SF) from a neutral rating to a buy rating in a research report sent to investors on Wednesday, January 3rd.

Several other analysts have also issued reports on the company. Zacks Investment Research lowered Stifel Financial from a buy rating to a hold rating in a research note on Tuesday, October 3rd. Wells Fargo & Co upgraded Stifel Financial from a market perform rating to an outperform rating and upped their price objective for the company from $56.00 to $64.00 in a research note on Friday, December 1st. Finally, Nomura upped their price objective on Stifel Financial from $56.00 to $58.00 and gave the company a neutral rating in a research note on Tuesday, October 31st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $66.83.

Stifel Financial (NYSE:SF) traded up $1.31 on Wednesday, reaching $67.01. The company had a trading volume of 408,700 shares, compared to its average volume of 581,775. Stifel Financial has a fifty-two week low of $41.93 and a fifty-two week high of $67.08. The company has a market capitalization of $4,590.00, a price-to-earnings ratio of 26.70, a PEG ratio of 1.11 and a beta of 1.70. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.68.

Stifel Financial (NYSE:SF) last released its earnings results on Monday, October 30th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping the 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 business had revenue of $721.20 million for the quarter, compared to analyst estimates of $701.12 million. During the same quarter in the prior year, the company posted $0.69 earnings per share. Stifel Financial’s revenue was up 12.3% on a year-over-year basis. equities research analysts anticipate that Stifel Financial will post 3.44 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Thursday, November 30th. Stifel Financial’s dividend payout ratio is currently 15.94%.

In other Stifel Financial news, VP Mark P. Fisher sold 5,000 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $52.30, for a total value of $261,500.00. Following the sale, the vice president now owns 21,369 shares of the company’s stock, valued at approximately $1,117,598.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Ben A. Plotkin sold 20,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $53.70, for a total value of $1,074,000.00. Following the completion of the sale, the insider now directly owns 96,226 shares in the company, valued at approximately $5,167,336.20. The disclosure for this sale can be found here. Insiders have sold 54,304 shares of company stock worth $2,869,480 in the last three months. 3.60% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the business. AXA lifted its stake in shares of Stifel Financial by 216.1% in the 2nd quarter. AXA now owns 137,500 shares of the financial services provider’s stock valued at $6,322,000 after acquiring an additional 94,000 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Stifel Financial by 0.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 969,710 shares of the financial services provider’s stock valued at $51,841,000 after acquiring an additional 6,619 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of Stifel Financial by 18.1% in the 3rd quarter. Prudential Financial Inc. now owns 323,874 shares of the financial services provider’s stock valued at $17,314,000 after acquiring an additional 49,690 shares during the last quarter. Wesbanco Bank Inc. lifted its stake in shares of Stifel Financial by 11.2% in the 3rd quarter. Wesbanco Bank Inc. now owns 50,647 shares of the financial services provider’s stock valued at $2,708,000 after acquiring an additional 5,106 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Stifel Financial by 6.8% in the 3rd quarter. Legal & General Group Plc now owns 96,313 shares of the financial services provider’s stock valued at $5,151,000 after acquiring an additional 6,102 shares during the last quarter. 88.54% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another website, it was illegally copied and reposted in violation of US & international copyright laws. The legal version of this piece can be read at https://ledgergazette.com/2018/01/12/stifel-financial-sf-upgraded-to-buy-by-instinet.html.

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)

Receive News & Ratings for Stifel Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stifel Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply