Stifel Financial (NYSE:SF) Upgraded at StockNews.com

Stifel Financial (NYSE:SF) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

Other analysts have also issued reports about the company. JMP Securities reaffirmed a “market outperform” rating and issued a $105.00 price target on shares of Stifel Financial in a research note on Monday, September 9th. TD Cowen upped 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. Wolfe Research downgraded shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 22nd. Finally, Wells Fargo & Company started coverage on shares of Stifel Financial in a research note on Thursday. They set an “overweight” rating and a $101.00 price objective for the company. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $90.40.

Stifel Financial Trading Up 1.8 %

Shares of NYSE:SF opened at $85.79 on Thursday. The business’s 50 day moving average price is $84.32 and its 200-day moving average price is $80.62. Stifel Financial has a 1 year low of $54.81 and a 1 year high of $90.00. The firm has a market capitalization of $8.79 billion, a price-to-earnings ratio of 19.50 and a beta of 1.09. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.80.

Stifel Financial (NYSE:SF) last issued 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 period last year, the company posted $1.20 EPS. Stifel Financial’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, equities research analysts forecast that Stifel Financial will post 6.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Stifel Financial by 3.9% in the first quarter. Vanguard Group Inc. now owns 10,461,734 shares of the financial services provider’s stock valued at $817,794,000 after purchasing an additional 391,384 shares during the period. Earnest Partners LLC lifted its position in shares of Stifel Financial by 0.8% during the 2nd quarter. Earnest Partners LLC now owns 2,954,099 shares of the financial services provider’s stock worth $248,587,000 after purchasing an additional 22,040 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Stifel Financial by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,007,738 shares of the financial services provider’s stock valued at $168,932,000 after buying an additional 7,113 shares during the last quarter. LSV Asset Management raised its stake in Stifel Financial by 3.2% in the first quarter. LSV Asset Management now owns 1,799,270 shares of the financial services provider’s stock valued at $140,649,000 after buying an additional 56,570 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Stifel Financial by 12.8% during the 1st quarter. Principal Financial Group Inc. now owns 1,332,258 shares of the financial services provider’s stock worth $104,143,000 after buying an additional 151,046 shares during the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

About Stifel Financial

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.