Today: Macquarie Downgraded Stifel Financial Corp. (SF) to Neutral

Today: Macquarie Downgraded Stifel Financial Corp. (SF) to Neutral

Stifel Financial Corp. (NYSE:SF) was downgraded by equities research analysts at Macquarie from an “outperform” rating to a “neutral” rating in a report issued on Monday.

Separately, Zacks Investment Research raised shares of Stifel Financial Corp. from a “hold” rating to a “strong-buy” rating and set a $46.00 price objective on the stock in a research report on Tuesday, October 11th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $40.00.

Stifel Financial Corp. (NYSE:SF) traded down 2.69% on Monday, reaching $49.16. 57,700 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $41.94 and a 200 day moving average price of $37.41. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 59.23 and a beta of 1.56. Stifel Financial Corp. has a 12-month low of $25.00 and a 12-month high of $50.92.

Stifel Financial Corp. (NYSE:SF) last posted its quarterly earnings results on Wednesday, November 2nd. The financial services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.62 by $0.07. Stifel Financial Corp. had a net margin of 2.64% and a return on equity of 6.71%. The business earned $641.99 million during the quarter, compared to analyst estimates of $629.13 million. During the same quarter in the previous year, the business posted $0.38 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. Analysts forecast that Stifel Financial Corp. will post $2.53 EPS for the current year.

In other news, Director Victor Nesi sold 25,000 shares of the company’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $50.20, for a total value of $1,255,000.00. Following the sale, the director now directly owns 139,373 shares of the company’s stock, valued at approximately $6,996,524.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel David M. Minnick sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $50.20, for a total transaction of $502,000.00. Following the completion of the sale, the general counsel now directly owns 4,193 shares in the company, valued at $210,488.60. The disclosure for this sale can be found here. Company insiders own 5.14% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in SF. Advisor Group Inc. acquired a new stake in Stifel Financial Corp. during the second quarter valued at approximately $111,000. Paradigm Asset Management Co. LLC increased its stake in Stifel Financial Corp. by 5.4% in the second quarter. Paradigm Asset Management Co. LLC now owns 3,900 shares of the financial services provider’s stock valued at $123,000 after buying an additional 200 shares during the period. LS Investment Advisors LLC increased its stake in Stifel Financial Corp. by 68.3% in the second quarter. LS Investment Advisors LLC now owns 4,003 shares of the financial services provider’s stock valued at $126,000 after buying an additional 1,624 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in Stifel Financial Corp. during the second quarter valued at approximately $152,000. Finally, Bank of Montreal Can acquired a new stake in Stifel Financial Corp. during the second quarter valued at approximately $168,000. 84.21% of the stock is currently owned by institutional investors and hedge funds.

Stifel Financial Corp. Company Profile

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