Stifel Financial (NYSE:SF) was upgraded by equities researchers at Nomura from a “neutral” rating to a “buy” rating in a research note issued to investors on Wednesday, January 3rd, Marketbeat reports. The firm currently has a $77.00 price objective on the financial services provider’s stock, up from their prior price objective of $58.00. Nomura’s price objective would indicate a potential upside of 17.70% from the company’s previous close.

Several other brokerages have also commented on SF. Zacks Investment Research lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Instinet upgraded shares of Stifel Financial from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 3rd. Finally, Wells Fargo & Co upgraded shares of Stifel Financial from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $56.00 to $64.00 in a research note on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $66.83.

Stifel Financial (NYSE:SF) opened at $65.42 on Wednesday. Stifel Financial has a 12 month low of $41.93 and a 12 month high of $68.72. The company has a market cap of $4,543.49, a price-to-earnings ratio of 20.67, a PEG ratio of 1.09 and a beta of 1.71. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.61 and a current ratio of 0.67.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Monday, October 30th. The financial services provider reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.06. Stifel Financial had a net margin of 7.61% and a return on equity of 9.78%. The company had revenue of $721.20 million for the quarter, compared to analyst estimates of $701.12 million. During the same quarter in the prior year, the business posted $0.69 EPS. Stifel Financial’s quarterly revenue was up 12.3% on a year-over-year basis. research analysts forecast that Stifel Financial will post 3.44 earnings per share for the current year.

In related news, Vice Chairman Ben A. Plotkin sold 20,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $53.70, for a total value of $1,074,000.00. Following the transaction, the insider now directly owns 96,226 shares in the company, valued at approximately $5,167,336.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Mark P. Fisher sold 5,000 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $52.30, for a total transaction of $261,500.00. Following the completion of the transaction, the vice president now owns 21,369 shares in the company, valued at $1,117,598.70. The disclosure for this sale can be found here. Insiders sold a total of 54,304 shares of company stock worth $2,869,480 over the last quarter. 3.60% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio grew its position in Stifel Financial by 5.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,379 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 113 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Stifel Financial by 9.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,570 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 212 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Stifel Financial in the 3rd quarter worth $137,000. Pacad Investment Ltd. grew its position in Stifel Financial by 442.9% in the 2nd quarter. Pacad Investment Ltd. now owns 3,800 shares of the financial services provider’s stock worth $175,000 after purchasing an additional 3,100 shares during the last quarter. Finally, Riverhead Capital Management LLC grew its position in Stifel Financial by 91.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,827 shares of the financial services provider’s stock worth $176,000 after purchasing an additional 1,827 shares during the last quarter. Institutional investors own 88.57% of the company’s stock.

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About Stifel Financial

Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.

Analyst Recommendations for Stifel Financial (NYSE:SF)

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