Stifel Financial (SF) Lowered to Hold at Zacks Investment Research
Zacks Investment Research downgraded shares of Stifel Financial (NYSE:SF) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.
According to Zacks, “Stifel Financial Corp. is a holding company for Stifel Nicolaus & Company, Incorporated. “
A number of other research analysts have also issued reports on SF. Nomura upgraded Stifel Financial from a neutral rating to a buy rating and boosted their price objective for the company from $58.00 to $77.00 in a research report on Wednesday, January 3rd. Wells Fargo & Co boosted their price objective on Stifel Financial from $64.00 to $70.00 in a research report on Thursday. Finally, Instinet upgraded Stifel Financial from a neutral rating to a buy rating in a research report on Wednesday, January 3rd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Stifel Financial currently has a consensus rating of Buy and a consensus target price of $63.83.
Stifel Financial (NYSE SF) opened at $64.54 on Thursday. The company has a market capitalization of $4,420.00, a P/E ratio of 25.71, a PEG ratio of 1.34 and a beta of 1.70. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.67 and a quick ratio of 0.61. Stifel Financial has a 12-month low of $41.93 and a 12-month high of $64.63.
Stifel Financial (NYSE:SF) last issued its earnings results on Monday, October 30th. The financial services provider reported $0.89 EPS for the quarter, topping the consensus estimate of $0.83 by $0.06. The company had revenue of $721.20 million during the quarter, compared to analyst estimates of $701.12 million. Stifel Financial had a return on equity of 9.78% and a net margin of 7.61%. The business’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 EPS. research analysts expect that Stifel Financial will post 3.44 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.62%. Stifel Financial’s dividend payout ratio is currently 15.94%.
In other Stifel Financial news, Vice Chairman Ben A. Plotkin sold 20,000 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $53.70, for a total transaction of $1,074,000.00. Following the completion of the transaction, the insider now owns 96,226 shares in the company, valued at approximately $5,167,336.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Mark P. Fisher sold 5,000 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $52.30, for a total value of $261,500.00. Following the transaction, the vice president now owns 21,369 shares of the company’s stock, valued at approximately $1,117,598.70. The disclosure for this sale can be found here. Insiders have sold a total of 54,304 shares of company stock valued at $2,869,480 in the last 90 days. Insiders own 3.60% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio boosted its position in Stifel Financial by 5.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,379 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 113 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Stifel Financial during the 3rd quarter worth $137,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Stifel Financial by 9.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,570 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 212 shares during the period. Pacad Investment Ltd. boosted its position in Stifel Financial by 442.9% during the 2nd quarter. Pacad Investment Ltd. now owns 3,800 shares of the financial services provider’s stock worth $175,000 after acquiring an additional 3,100 shares during the period. Finally, Riverhead Capital Management LLC boosted its position in Stifel Financial by 91.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,827 shares of the financial services provider’s stock worth $176,000 after acquiring an additional 1,827 shares during the period. Institutional investors own 88.54% of the company’s stock.
Stifel Financial Company Profile
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.
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