Stifel Financial (NYSE:SF) Rating Lowered to “Hold” at TD Cowen

by · The Markets Daily

Stifel Financial (NYSE:SF – Get Free Report) was downgraded by research analysts at TD Cowen from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, MarketBeat reports. They presently have a $138.00 target price on the financial services provider’s stock. TD Cowen’s price objective suggests a potential upside of 9.46% from the company’s previous close.

SF has been the subject of a number of other reports. Zacks Research downgraded Stifel Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Citizens Jmp increased their price objective on shares of Stifel Financial from $140.00 to $155.00 and gave the stock a “market outperform” rating in a research report on Monday. BMO Capital Markets initiated coverage on shares of Stifel Financial in a research report on Friday, October 3rd. They issued a “market perform” rating and a $121.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on Stifel Financial from $133.00 to $136.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Finally, Wolfe Research reissued an “outperform” rating and issued a $149.00 price objective on shares of Stifel Financial in a research note on Wednesday, January 7th. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $135.18.

Read Our Latest Stock Analysis on SF

Stifel Financial Price Performance

NYSE:SF traded down $3.13 during trading hours on Wednesday, reaching $126.07. 201,058 shares of the company were exchanged, compared to its average volume of 696,693. The business has a 50 day moving average of $124.95 and a 200 day moving average of $116.96. Stifel Financial has a 1-year low of $73.27 and a 1-year high of $134.74. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.84 and a quick ratio of 0.79. The company has a market capitalization of $12.84 billion, a P/E ratio of 22.27 and a beta of 1.13.

Stifel Financial (NYSE:SF – Get Free Report) last released its earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.06. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.33 billion. Stifel Financial had a return on equity of 14.95% and a net margin of 12.44%.The company’s revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.50 EPS. Research analysts forecast that Stifel Financial will post 8.26 EPS for the current year.

Hedge Funds Weigh In On Stifel Financial

Several hedge funds have recently modified their holdings of SF. Securian Asset Management Inc. boosted its stake in Stifel Financial by 1.3% in the 2nd quarter. Securian Asset Management Inc. now owns 7,837 shares of the financial services provider’s stock worth $813,000 after purchasing an additional 100 shares in the last quarter. Essex Financial Services Inc. raised its holdings in shares of Stifel Financial by 4.2% in the third quarter. Essex Financial Services Inc. now owns 2,533 shares of the financial services provider’s stock worth $287,000 after buying an additional 102 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Stifel Financial by 2.7% during the second quarter. Nisa Investment Advisors LLC now owns 4,085 shares of the financial services provider’s stock valued at $424,000 after buying an additional 108 shares during the last quarter. State of Wyoming grew its holdings in shares of Stifel Financial by 8.6% during the third quarter. State of Wyoming now owns 1,418 shares of the financial services provider’s stock valued at $161,000 after buying an additional 112 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its position in shares of Stifel Financial by 1.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,666 shares of the financial services provider’s stock valued at $757,000 after acquiring an additional 115 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Company Profile

(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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