Shares of Stifel Financial Corporation (NYSE:SF) have been given a consensus rating of “Hold” by the eight research firms that are currently covering the firm. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $48.25.
Several equities research analysts recently issued reports on SF shares. Instinet reiterated a “buy” rating and issued a $62.00 target price (down from $63.00) on shares of Stifel Financial Corporation in a research note on Wednesday, February 1st. TheStreet upgraded shares of Stifel Financial Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, December 13th. Zacks Investment Research downgraded shares of Stifel Financial Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, January 5th. Finally, Macquarie downgraded shares of Stifel Financial Corporation from an “outperform” rating to a “neutral” rating in a research note on Monday, November 28th.
In other Stifel Financial Corporation news, General Counsel David M. Minnick sold 3,400 shares of the firm’s stock in a transaction that occurred on Tuesday, December 20th. The shares were sold at an average price of $51.41, for a total transaction of $174,794.00. Following the completion of the sale, the general counsel now directly owns 1,793 shares in the company, valued at $92,178.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Victor Nesi sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $50.20, for a total transaction of $1,255,000.00. Following the sale, the director now owns 139,373 shares of the company’s stock, valued at $6,996,524.60. The disclosure for this sale can be found here. Insiders have sold 262,422 shares of company stock valued at $13,375,400 over the last 90 days. Company insiders own 5.14% of the company’s stock.
Large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Stifel Financial Corporation by 1.1% in the second quarter. Vanguard Group Inc. now owns 4,681,320 shares of the financial services provider’s stock valued at $147,228,000 after buying an additional 51,488 shares during the period. BlackRock Fund Advisors increased its stake in shares of Stifel Financial Corporation by 6.6% in the third quarter. BlackRock Fund Advisors now owns 3,506,858 shares of the financial services provider’s stock valued at $134,839,000 after buying an additional 216,030 shares during the period. Fisher Asset Management LLC increased its stake in shares of Stifel Financial Corporation by 3.1% in the third quarter. Fisher Asset Management LLC now owns 2,223,992 shares of the financial services provider’s stock valued at $85,512,000 after buying an additional 66,960 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Stifel Financial Corporation by 17.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,153,432 shares of the financial services provider’s stock valued at $107,565,000 after buying an additional 324,120 shares during the period. Finally, Eagle Asset Management Inc. increased its stake in shares of Stifel Financial Corporation by 5.5% in the third quarter. Eagle Asset Management Inc. now owns 2,108,485 shares of the financial services provider’s stock valued at $81,071,000 after buying an additional 110,406 shares during the period. Hedge funds and other institutional investors own 83.31% of the company’s stock.
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Shares of Stifel Financial Corporation (NYSE:SF) opened at 53.21 on Friday. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 53.21 and a beta of 1.63. Stifel Financial Corporation has a 1-year low of $25.00 and a 1-year high of $54.21. The stock has a 50 day moving average price of $50.79 and a 200 day moving average price of $43.64.
Stifel Financial Corporation (NYSE:SF) last issued its earnings results on Tuesday, January 31st. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.03. Stifel Financial Corporation had a net margin of 3.17% and a return on equity of 7.37%. The business earned $661.40 million during the quarter, compared to the consensus estimate of $639.61 million. During the same period last year, the business posted $0.51 EPS. Stifel Financial Corporation’s revenue was up 13.8% on a year-over-year basis. Analysts forecast that Stifel Financial Corporation will post $3.23 earnings per share for the current year.
About Stifel Financial Corporation
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. Its principal activities are private client services, including securities transaction and financial planning services; institutional equity and fixed income sales, trading, research and municipal finance; investment banking services, including mergers and acquisitions, public offerings and private placements, and retail and commercial banking, including personal and commercial lending programs.
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