Stifel Financial (NYSE:SF) Cut to Hold at StockNews.com

Stifel Financial (NYSE:SF) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Several other brokerages have also issued reports on SF. JMP Securities reaffirmed a “market outperform” rating and set a $105.00 price objective on shares of Stifel Financial in a report on Monday, September 9th. TD Cowen raised their price objective on shares of Stifel Financial from $85.00 to $88.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Wells Fargo & Company started coverage on shares of Stifel Financial in a research report on Thursday, September 12th. They issued an “overweight” rating and a $101.00 price objective for the company. Finally, Wolfe Research downgraded shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 22nd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $90.40.

Stifel Financial Trading Down 0.4 %

Shares of Stifel Financial stock opened at $92.47 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.80 and a current ratio of 0.84. The stock has a 50 day moving average of $85.15 and a 200 day moving average of $81.24. Stifel Financial has a fifty-two week low of $54.81 and a fifty-two week high of $92.98. The firm has a market capitalization of $9.47 billion, a price-to-earnings ratio of 21.02 and a beta of 1.09.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.06. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the firm earned $1.20 earnings per share. As a group, research analysts predict that Stifel Financial will post 6.55 earnings per share for the current year.

Institutional Trading of Stifel Financial

Hedge funds and other institutional investors have recently bought and sold shares of the company. SageView Advisory Group LLC purchased a new stake in shares of Stifel Financial during the 1st quarter valued at $1,251,000. SG Americas Securities LLC acquired a new position in Stifel Financial in the 2nd quarter worth $1,543,000. Quadrature Capital Ltd acquired a new position in Stifel Financial in the 4th quarter worth $649,000. Van ECK Associates Corp lifted its holdings in Stifel Financial by 36.5% in the 1st quarter. Van ECK Associates Corp now owns 35,083 shares of the financial services provider’s stock worth $2,742,000 after buying an additional 9,384 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Stifel Financial by 268.6% in the 2nd quarter. Blue Trust Inc. now owns 8,798 shares of the financial services provider’s stock valued at $688,000 after purchasing an additional 6,411 shares in the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

Stifel Financial Company Profile

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.