Stifel Financial Corporation (SF) Given New $58.00 Price Target at Nomura

Stifel Financial Corporation (NYSE:SF) had its price target increased by equities researchers at Nomura from $56.00 to $58.00 in a research report issued on Tuesday, October 31st. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Nomura’s price target would indicate a potential upside of 11.32% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. BidaskClub raised Stifel Financial Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research raised Stifel Financial Corporation from a “sell” rating to a “buy” rating and set a $57.00 target price for the company in a report on Thursday, August 3rd. JMP Securities reaffirmed a “neutral” rating on shares of Stifel Financial Corporation in a report on Friday, August 18th. Finally, TheStreet raised Stifel Financial Corporation from a “c+” rating to a “b” rating in a report on Monday, July 31st. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $56.33.

Shares of Stifel Financial Corporation (NYSE SF) traded down $0.37 during midday trading on Tuesday, reaching $52.10. The company’s stock had a trading volume of 394,241 shares, compared to its average volume of 350,757. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.61 and a current ratio of 0.67. The firm has a market capitalization of $3,567.15, a P/E ratio of 16.23, a PEG ratio of 1.26 and a beta of 1.70. Stifel Financial Corporation has a fifty-two week low of $41.93 and a fifty-two week high of $56.62.

Stifel Financial Corporation (NYSE:SF) last issued its quarterly earnings results on Monday, October 30th. The financial services provider reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.06. The business had revenue of $721.20 million during the quarter, compared to the consensus estimate of $701.12 million. Stifel Financial Corporation had a return on equity of 9.78% and a net margin of 7.61%. The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the company earned $0.69 earnings per share. analysts expect that Stifel Financial Corporation will post 3.44 EPS for the current year.

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In other news, insider Thomas B. Michaud sold 24,536 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $52.40, for a total value of $1,285,686.40. Following the completion of the sale, the insider now directly owns 60,589 shares in the company, valued at $3,174,863.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frederick O. Hanser sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $51.96, for a total value of $155,880.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,304 shares of company stock valued at $1,533,980. 3.60% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC increased its position in shares of Stifel Financial Corporation by 9.8% during the second quarter. Janney Montgomery Scott LLC now owns 87,873 shares of the financial services provider’s stock worth $4,040,000 after purchasing an additional 7,817 shares in the last quarter. AXA increased its position in shares of Stifel Financial Corporation by 216.1% during the second quarter. AXA now owns 137,500 shares of the financial services provider’s stock worth $6,322,000 after purchasing an additional 94,000 shares in the last quarter. Arizona State Retirement System increased its position in shares of Stifel Financial Corporation by 2.1% during the second quarter. Arizona State Retirement System now owns 28,900 shares of the financial services provider’s stock worth $1,329,000 after purchasing an additional 600 shares in the last quarter. Legal & General Group Plc increased its position in shares of Stifel Financial Corporation by 15.4% during the first quarter. Legal & General Group Plc now owns 79,443 shares of the financial services provider’s stock worth $3,985,000 after purchasing an additional 10,626 shares in the last quarter. Finally, Peregrine Capital Management LLC increased its position in shares of Stifel Financial Corporation by 0.3% during the second quarter. Peregrine Capital Management LLC now owns 716,300 shares of the financial services provider’s stock worth $32,935,000 after purchasing an additional 1,887 shares in the last quarter. Hedge funds and other institutional investors own 87.56% of the company’s stock.

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. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.

Analyst Recommendations for Stifel Financial Corporation (NYSE:SF)

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