Zacks Investment Research Lowers Stifel Financial (SF) to Hold

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Zacks Investment Research lowered shares of Stifel Financial (NYSE:SF) from a buy rating to a hold rating in a report issued on Tuesday, July 3rd.

According to Zacks, “Stifel Financial Corp. is a holding company for Stifel Nicolaus & Company, Incorporated. “

Separately, ValuEngine downgraded Stifel Financial from a hold rating to a sell rating in a research note on Monday, July 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Stifel Financial currently has a consensus rating of Hold and a consensus price target of $74.00.

Shares of SF traded down $0.37 during midday trading on Tuesday, hitting $53.61. The stock had a trading volume of 342,900 shares, compared to its average volume of 420,473. Stifel Financial has a twelve month low of $44.44 and a twelve month high of $68.76. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of 13.36, a P/E/G ratio of 0.91 and a beta of 1.73. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.70 and a quick ratio of 0.63.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Monday, April 30th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.07. Stifel Financial had a return on equity of 13.14% and a net margin of 6.87%. The firm had revenue of $750.36 million for the quarter, compared to the consensus estimate of $734.84 million. During the same quarter last year, the business posted $0.74 EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. sell-side analysts anticipate that Stifel Financial will post 4.95 earnings per share for the current fiscal year.

In related news, Director Robert Edward Grady sold 5,000 shares of Stifel Financial stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $60.15, for a total value of $300,750.00. Following the sale, the director now owns 5,828 shares of the company’s stock, valued at $350,554.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.09% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of Stifel Financial by 4.6% in the first quarter. BlackRock Inc. now owns 7,596,077 shares of the financial services provider’s stock valued at $449,916,000 after acquiring an additional 332,354 shares during the last quarter. Alliancebernstein L.P. increased its position in Stifel Financial by 11.9% during the fourth quarter. Alliancebernstein L.P. now owns 1,949,293 shares of the financial services provider’s stock worth $116,100,000 after buying an additional 208,013 shares during the last quarter. Earnest Partners LLC increased its position in Stifel Financial by 0.6% during the first quarter. Earnest Partners LLC now owns 1,628,793 shares of the financial services provider’s stock worth $96,473,000 after buying an additional 10,417 shares during the last quarter. Northern Trust Corp increased its position in Stifel Financial by 1.0% during the first quarter. Northern Trust Corp now owns 1,532,786 shares of the financial services provider’s stock worth $90,787,000 after buying an additional 15,198 shares during the last quarter. Finally, Stifel Financial Corp increased its position in Stifel Financial by 12.5% during the first quarter. Stifel Financial Corp now owns 1,522,731 shares of the financial services provider’s stock worth $90,196,000 after buying an additional 169,551 shares during the last quarter. 86.93% of the stock is currently owned by institutional investors and hedge funds.

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, the United Kingdom, and rest of Europe. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.

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