Trading Report: Today: Stifel Financial Corp. (SF) Lowered by Macquarie

Today: Stifel Financial Corp. (SF) Lowered by Macquarie

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

Separately, Zacks Investment Research upgraded Stifel Financial Corp. from a “hold” rating to a “strong-buy” rating and set a $46.00 price target on the stock in a report on Tuesday, October 11th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned 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 2.18% during mid-day trading on Monday, reaching $49.42. 33,991 shares of the company traded hands. Stifel Financial Corp. has a 12-month low of $25.00 and a 12-month high of $50.92. The firm has a market capitalization of $3.27 billion, a P/E ratio of 59.54 and a beta of 1.56. The company’s 50 day moving average price is $41.94 and its 200 day moving average price is $37.41.

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

In other news, General Counsel David M. Minnick sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $50.20, for a total transaction of $502,000.00. Following the transaction, the general counsel now owns 4,193 shares in the company, valued at $210,488.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Ben A. Plotkin sold 15,000 shares of the firm’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 $753,000.00. Following the transaction, the insider now owns 123,309 shares in the company, valued at approximately $6,190,111.80. The disclosure for this sale can be found here. 5.14% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in SF. Victory Capital Management Inc. increased its stake in shares of Stifel Financial Corp. by 83,190.2% in the second quarter. Victory Capital Management Inc. now owns 1,140,243 shares of the financial services provider’s stock worth $35,860,000 after buying an additional 1,138,874 shares during the last quarter. Boston Partners bought a new stake in shares of Stifel Financial Corp. during the second quarter worth $25,224,000. Peregrine Capital Management LLC bought a new stake in shares of Stifel Financial Corp. during the third quarter worth $29,815,000. Channing Capital Management LLC increased its stake in shares of Stifel Financial Corp. by 47.7% in the second quarter. Channing Capital Management LLC now owns 910,231 shares of the financial services provider’s stock worth $28,627,000 after buying an additional 293,838 shares during the last quarter. Finally, Teachers Advisors Inc. increased its stake in shares of Stifel Financial Corp. by 296.2% in the second quarter. Teachers Advisors Inc. now owns 392,711 shares of the financial services provider’s stock worth $12,351,000 after buying an additional 293,582 shares during the last quarter. Hedge funds and other institutional investors own 84.21% of the company’s stock.

About Stifel Financial Corp.

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