Stifel Financial (NYSE:SF) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research cut shares of Stifel Financial (NYSE:SF) from a buy rating to a hold rating in a research note released on Friday, March 9th.

According to Zacks, “Stifel Financial Corp. is a holding company for Stifel Nicolaus & Company, Incorporated. “

A number of other equities research analysts also recently weighed in on the company. Wells Fargo & Co lifted their price objective on Stifel Financial from $64.00 to $70.00 in a report on Thursday, January 4th. Goldman Sachs Group raised Stifel Financial from a neutral rating to a buy rating and boosted their target price for the stock from $56.00 to $77.00 in a report on Monday, January 8th. Nomura boosted their target price on Stifel Financial from $77.00 to $80.00 and gave the stock a buy rating in a report on Wednesday, January 31st. Instinet raised Stifel Financial from a neutral rating to a buy rating in a report on Wednesday, January 3rd. Finally, ValuEngine raised Stifel Financial from a hold rating to a buy rating in a report on Wednesday, March 7th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $69.17.

Stifel Financial (NYSE:SF) traded up $0.74 during trading on Friday, hitting $65.17. The stock had a trading volume of 1,028,347 shares, compared to its average volume of 485,224. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $4,671.75, a price-to-earnings ratio of 30.45, a PEG ratio of 1.06 and a beta of 1.67. Stifel Financial has a twelve month low of $41.93 and a twelve month high of $68.76.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.55. The firm had revenue of $804.10 million for the quarter, compared to analyst estimates of $745.44 million. Stifel Financial had a return on equity of 12.04% and a net margin of 6.25%. The company’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 earnings per share. analysts predict that Stifel Financial will post 5.1 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were given a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.74%. This is a boost from Stifel Financial’s previous quarterly dividend of $0.10. Stifel Financial’s dividend payout ratio is currently 22.43%.

In other Stifel Financial news, Vice Chairman Ben A. Plotkin sold 9,012 shares of the stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $63.30, for a total transaction of $570,459.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.60% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB acquired a new position in shares of Stifel Financial during the 4th quarter worth about $422,000. MetLife Investment Advisors LLC acquired a new position in shares of Stifel Financial during the 4th quarter worth about $4,332,000. Gotham Asset Management LLC acquired a new position in shares of Stifel Financial during the 4th quarter worth about $305,000. Jane Street Group LLC boosted its stake in shares of Stifel Financial by 145.4% during the 4th quarter. Jane Street Group LLC now owns 12,417 shares of the financial services provider’s stock worth $740,000 after buying an additional 7,357 shares during the last quarter. Finally, Zeke Capital Advisors LLC acquired a new stake in Stifel Financial in the 4th quarter valued at about $247,000. Institutional investors own 85.87% of the company’s stock.

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About Stifel Financial

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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