Stifel Financial (NYSE:SF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

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

Several other research firms also recently weighed in on SF. ValuEngine downgraded shares of Stifel Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, September 18th. Wolfe Research assumed coverage on shares of Stifel Financial in a research report on Tuesday, September 25th. They set a “market perform” rating and a $63.00 target price on the stock. JMP Securities raised shares of Stifel Financial from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 3rd. Stifel Nicolaus raised shares of Stifel Financial to an “outperform” rating in a research report on Wednesday, October 3rd. Finally, Goldman Sachs Group initiated coverage on shares of Stifel Financial in a report on Tuesday, November 27th. They issued a “neutral” rating and a $56.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. Stifel Financial has an average rating of “Hold” and a consensus target price of $62.00.

NYSE:SF opened at $45.94 on Tuesday. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 1.15 and a beta of 1.86. Stifel Financial has a twelve month low of $42.51 and a twelve month high of $68.76. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.92.

Stifel Financial (NYSE:SF) last released its earnings results on Tuesday, October 30th. The financial services provider reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.01. The company had revenue of $738.34 million for the quarter, compared to the consensus estimate of $764.90 million. Stifel Financial had a net margin of 9.16% and a return on equity of 14.99%. Stifel Financial’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 EPS. On average, equities research analysts expect that Stifel Financial will post 5.2 earnings per share for the current year.

In other news, Director Frederick O. Hanser sold 10,000 shares of the company’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $54.42, for a total value of $544,200.00. Following the sale, the director now directly owns 40,905 shares of the company’s stock, valued at approximately $2,226,050.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James M. Zemlyak acquired 3,565 shares of the company’s stock in a transaction dated Thursday, November 1st. The stock was acquired at an average cost of $46.99 per share, for a total transaction of $167,519.35. Following the completion of the acquisition, the insider now directly owns 835,485 shares in the company, valued at $39,259,440.15. The disclosure for this purchase can be found here. 3.86% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in Stifel Financial by 0.4% during the third quarter. BlackRock Inc. now owns 8,052,553 shares of the financial services provider’s stock worth $412,774,000 after buying an additional 30,404 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Stifel Financial by 1.2% during the third quarter. Vanguard Group Inc. now owns 6,147,497 shares of the financial services provider’s stock worth $315,120,000 after buying an additional 72,007 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Stifel Financial by 5.2% during the third quarter. Dimensional Fund Advisors LP now owns 2,715,368 shares of the financial services provider’s stock worth $139,192,000 after buying an additional 133,239 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in Stifel Financial by 9.5% during the third quarter. Macquarie Group Ltd. now owns 2,669,554 shares of the financial services provider’s stock worth $136,841,000 after buying an additional 231,712 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Stifel Financial by 3.8% during the third quarter. Alliancebernstein L.P. now owns 2,233,902 shares of the financial services provider’s stock worth $114,510,000 after buying an additional 82,325 shares in the last quarter. 85.75% 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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