Stifel Financial (NYSE:SF) Stock Rating Lowered by StockNews.com

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

A number of other equities research analysts have also issued reports on the company. Wolfe Research lowered Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 22nd. Wells Fargo & Company began coverage on shares of Stifel Financial in a report on Thursday, September 12th. They issued an “overweight” rating and a $101.00 price objective on the stock. TD Cowen increased their target price on shares of Stifel Financial from $85.00 to $88.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $105.00 price target on shares of Stifel Financial in a research note on Monday, September 9th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Stifel Financial has a consensus rating of “Hold” and a consensus target price of $90.40.

Stifel Financial Trading Up 3.2 %

NYSE:SF opened at $92.87 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.80. The business’s 50-day simple moving average is $85.00 and its 200-day simple moving average is $81.08. Stifel Financial has a fifty-two week low of $54.81 and a fifty-two week high of $92.93. The stock has a market capitalization of $9.52 billion, a PE ratio of 21.11 and a beta of 1.09.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the firm posted $1.20 earnings per share. The business’s revenue was up 15.9% on a year-over-year basis. Sell-side analysts expect that Stifel Financial will post 6.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stifel Financial

Several hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc raised its stake in Stifel Financial by 1,818.8% in the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 291 shares during the period. Fidelis Capital Partners LLC acquired a new position in Stifel Financial in the 1st quarter valued at about $32,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Stifel Financial in the 1st quarter valued at about $33,000. Bessemer Group Inc. lifted its position in Stifel Financial by 388.3% during the first quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 633 shares during the last quarter. Finally, Rothschild Investment LLC bought a new stake in shares of Stifel Financial during the second quarter worth approximately $64,000. 82.01% 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 and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.