Stifel Financial (NYSE:SF) Stock Rating Upgraded by Citigroup

Stifel Financial (NYSE:SF) was upgraded by Citigroup from a “neutral” rating to a “buy” rating in a report issued on Thursday, MarketBeat Ratings reports. The brokerage presently has a $135.00 price target on the financial services provider’s stock, up from their prior price target of $115.00. Citigroup’s price target points to a potential upside of 21.58% from the stock’s current price.

Several other equities research analysts also recently issued reports on the company. Wall Street Zen downgraded Stifel Financial from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. TD Cowen decreased their price objective on Stifel Financial from $124.00 to $84.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. JMP Securities increased their price objective on Stifel Financial from $120.00 to $130.00 and gave the stock a “market outperform” rating in a report on Monday, July 14th. Wolfe Research upgraded Stifel Financial from a “peer perform” rating to an “outperform” rating and set a $108.00 price objective for the company in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. decreased their price objective on Stifel Financial from $123.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Stifel Financial currently has an average rating of “Hold” and an average price target of $115.78.

Stifel Financial Stock Down 2.7%

Shares of Stifel Financial stock opened at $111.04 on Thursday. Stifel Financial has a 1 year low of $73.27 and a 1 year high of $120.64. The business has a 50-day moving average of $103.15 and a two-hundred day moving average of $99.97. The company has a market capitalization of $11.41 billion, a P/E ratio of 21.52 and a beta of 1.11. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.77.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.06. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the company earned $1.60 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, equities analysts predict that Stifel Financial will post 8.26 EPS for the current year.

Insider Activity

In other news, Director Michael J. Zimmerman sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $96.69, for a total transaction of $966,900.00. Following the sale, the director owned 45,833 shares in the company, valued at $4,431,592.77. This represents a 17.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 3.28% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Stifel Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Stifel Financial by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 10,620,407 shares of the financial services provider’s stock worth $1,001,080,000 after purchasing an additional 217,415 shares in the last quarter. FMR LLC lifted its position in shares of Stifel Financial by 8.5% in the fourth quarter. FMR LLC now owns 8,628,832 shares of the financial services provider’s stock valued at $915,346,000 after buying an additional 672,420 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Stifel Financial by 314.1% in the first quarter. AQR Capital Management LLC now owns 1,383,836 shares of the financial services provider’s stock valued at $126,925,000 after buying an additional 1,049,665 shares during the last quarter. Invesco Ltd. lifted its position in shares of Stifel Financial by 0.3% in the first quarter. Invesco Ltd. now owns 1,211,580 shares of the financial services provider’s stock valued at $114,204,000 after buying an additional 4,115 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Stifel Financial by 0.6% in the first quarter. Northern Trust Corp now owns 1,136,207 shares of the financial services provider’s stock valued at $107,099,000 after buying an additional 7,229 shares during the last quarter. Institutional investors own 82.01% of the company’s stock.

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.