Stifel Financial (NYSE:SF) Upgraded by Zacks Research to Hold Rating

Stifel Financial (NYSE:SF) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

SF has been the subject of several other reports. UBS Group lowered their price objective on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. TD Cowen lowered their price target on Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a research report on Monday, March 23rd. Finally, Weiss Ratings upgraded Stifel Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $91.15.

Stifel Financial Stock Down 0.8%

Shares of Stifel Financial stock opened at $72.46 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. Stifel Financial has a 52-week low of $60.62 and a 52-week high of $89.83. The company’s 50 day moving average price is $75.17 and its 200-day moving average price is $79.74. The stock has a market capitalization of $11.12 billion, a price-to-earnings ratio of 14.10 and a beta of 1.05.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.51 billion. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. The firm’s revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 EPS. Equities research analysts forecast that Stifel Financial will post 6.25 EPS for the current year.

Institutional Trading of Stifel Financial

Large investors have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new position in shares of Stifel Financial during the 3rd quarter worth approximately $29,000. Activest Wealth Management boosted its position in shares of Stifel Financial by 12,000.0% during the fourth quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 240 shares in the last quarter. Pinnacle Holdings LLC bought a new stake in shares of Stifel Financial during the third quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd purchased a new stake in Stifel Financial in the fourth quarter worth $34,000. Finally, JTC Employer Solutions Trustee Ltd grew its stake in Stifel Financial by 49.8% in the first quarter. JTC Employer Solutions Trustee Ltd now owns 481 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 160 shares during the period. 82.01% of the stock is owned by institutional investors.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full?service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research?driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.