Stifel Financial (NYSE:SF) Rating Lowered to “Hold” at Wall Street Zen

by · The Markets Daily

Stifel Financial (NYSE:SF – Get Free Report) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday.

SF has been the subject of a number of other research reports. UBS Group set a $90.00 price target on Stifel Financial in a research report on Thursday, July 23rd. JPMorgan Chase & Co. increased their price objective on Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a report on Friday, May 29th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Stifel Financial presently has an average rating of “Moderate Buy” and a consensus target price of $91.90.

Get Our Latest Analysis on SF

Stifel Financial Stock Up 0.5%

Stifel Financial stock opened at $83.53 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33. Stifel Financial has a 1-year low of $67.81 and a 1-year high of $89.83. The firm’s fifty day simple moving average is $75.89 and its 200-day simple moving average is $76.49. The company has a market capitalization of $12.61 billion, a P/E ratio of 14.95 and a beta of 0.99.

Stifel Financial (NYSE:SF – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. Stifel Financial’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.71 earnings per share. Sell-side analysts forecast that Stifel Financial will post 6.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Maryam S. Brown sold 4,700 shares of the business’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total transaction of $372,240.00. Following the transaction, the director directly owned 5,729 shares in the company, valued at $453,736.80. The trade was a 45.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.36% of the stock is currently owned by company insiders.

Institutional Trading of Stifel Financial

Hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC lifted its position in Stifel Financial by 5.8% in the first quarter. NewEdge Advisors LLC now owns 2,673 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 147 shares during the period. Jones Financial Companies Lllp increased its holdings in Stifel Financial by 1,162.6% in the 1st quarter. Jones Financial Companies Lllp now owns 2,702 shares of the financial services provider’s stock valued at $255,000 after buying an additional 2,488 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Stifel Financial by 106.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 974 shares of the financial services provider’s stock valued at $101,000 after buying an additional 503 shares during the period. First Trust Advisors LP raised its stake in shares of Stifel Financial by 86.5% in the 2nd quarter. First Trust Advisors LP now owns 128,630 shares of the financial services provider’s stock valued at $13,349,000 after buying an additional 59,662 shares in the last quarter. Finally, Amundi raised its stake in shares of Stifel Financial by 51.0% in the 2nd quarter. Amundi now owns 31,906 shares of the financial services provider’s stock valued at $3,425,000 after buying an additional 10,771 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

About Stifel Financial

(Get Free Report)

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.

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