Stifel Financial (NYSE:SF) Downgraded to Sell at ValuEngine

Stifel Financial (NYSE:SF) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Monday, February 4th.

A number of other brokerages have also recently issued reports on SF. Zacks Investment Research upgraded shares of Stifel Financial from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. TheStreet cut shares of Stifel Financial from a “b-” rating to a “c+” rating in a report on Monday, December 24th. Goldman Sachs Group assumed coverage on shares of Stifel Financial in a report on Tuesday, November 27th. They set a “neutral” rating and a $56.00 price objective for the company. Wells Fargo & Co reduced their price objective on shares of Stifel Financial from $61.00 to $49.00 and set an “outperform” rating for the company in a report on Wednesday, October 31st. Finally, Wolfe Research raised shares of Stifel Financial from a “market perform” rating to an “outperform” rating in a research report on Friday, November 2nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $55.00.

Shares of SF traded up $0.98 during trading hours on Monday, hitting $55.41. 290,850 shares of the stock were exchanged, compared to its average volume of 451,444. Stifel Financial has a fifty-two week low of $38.39 and a fifty-two week high of $68.31. The company has a quick ratio of 0.66, a current ratio of 0.75 and a debt-to-equity ratio of 0.77. The stock has a market cap of $4.01 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 1.29 and a beta of 1.82.

Stifel Financial (NYSE:SF) last posted its quarterly earnings results on Friday, February 1st. The financial services provider reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.09. The business had revenue of $793.50 million during the quarter, compared to analysts’ expectations of $765.48 million. Stifel Financial had a net margin of 13.02% and a return on equity of 14.85%. The business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period last year, the company posted $1.47 earnings per share. Sell-side analysts anticipate that Stifel Financial will post 5.4 EPS for the current fiscal year.

In other news, insider Victor Nesi sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $55.03, for a total value of $137,575.00. Following the sale, the insider now owns 186,160 shares of the company’s stock, valued at $10,244,384.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David A. Peacock purchased 2,000 shares of the stock in a transaction dated Tuesday, February 12th. The stock was acquired at an average cost of $53.14 per share, for a total transaction of $106,280.00. The disclosure for this purchase can be found here. Insiders own 3.86% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its holdings in Stifel Financial by 12.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,800 shares of the financial services provider’s stock valued at $157,000 after buying an additional 420 shares during the last quarter. Xact Kapitalforvaltning AB raised its holdings in Stifel Financial by 4.5% in the 4th quarter. Xact Kapitalforvaltning AB now owns 11,688 shares of the financial services provider’s stock worth $484,000 after purchasing an additional 500 shares in the last quarter. Advisor Group Inc. raised its holdings in Stifel Financial by 5.9% in the 4th quarter. Advisor Group Inc. now owns 9,613 shares of the financial services provider’s stock worth $398,000 after purchasing an additional 535 shares in the last quarter. Sit Investment Associates Inc. raised its holdings in Stifel Financial by 9.4% in the 4th quarter. Sit Investment Associates Inc. now owns 6,975 shares of the financial services provider’s stock worth $289,000 after purchasing an additional 600 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Stifel Financial by 14.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,991 shares of the financial services provider’s stock worth $207,000 after purchasing an additional 625 shares in the last quarter. 83.90% of the stock is currently owned by institutional investors.

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, the United Kingdom, and rest of Europe. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Stifel Financial (NYSE:SF)

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