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

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

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

Stifel Financial Trading Down 0.4 %

Shares of Stifel Financial stock opened at $92.47 on Friday. The stock has a fifty day simple moving average of $85.15 and a 200 day simple moving average of $81.24. Stifel Financial has a 12-month low of $54.81 and a 12-month high of $92.98. The company has a market capitalization of $9.47 billion, a P/E ratio of 21.02 and a beta of 1.09. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.38.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.06. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.20 EPS. On average, sell-side analysts anticipate that Stifel Financial will post 6.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stifel Financial

Several institutional investors have recently modified their holdings of SF. SageView Advisory Group LLC bought a new stake in Stifel Financial during the 1st quarter valued at $1,251,000. SG Americas Securities LLC acquired a new stake in Stifel Financial during the 2nd quarter worth about $1,543,000. Quadrature Capital Ltd acquired a new stake in Stifel Financial during the 4th quarter worth about $649,000. Van ECK Associates Corp lifted its holdings in shares of 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 valued at $2,742,000 after buying an additional 9,384 shares during the period. Finally, Blue Trust Inc. lifted its holdings 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 buying an additional 6,411 shares during the period. 82.01% of the stock is owned by institutional investors.

About Stifel Financial

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.