Stifel Financial (NYSE:SF) Receives Hold (C+) Rating from Weiss Ratings

Key Points

• Stifel Financial has been given a "hold (C+)" rating by Weiss Ratings, while TD Cowen upgraded the stock from a "hold" to a "buy" rating, raising the price target from $118.00 to $131.00.
• The company's stock was up 0.7% on Wednesday, with shares trading at $111.76, showing a year-to-date range between $73.27 and $120.64.
• Stifel Financial reported earnings per share of $1.71 for the last quarter, exceeding expectations and marking a 5.4% increase in revenue year-over-year.

Stifel Financial (NYSE:SF - Get Free Report)'s stock had its "hold (c+)" rating restated by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

SF has been the subject of several other research reports. TD Cowen upgraded shares of Stifel Financial from a "hold" rating to a "buy" rating and increased their target price for the company from $118.00 to $131.00 in a report on Wednesday. BMO Capital Markets began coverage on shares of Stifel Financial in a report on Friday, October 3rd. They issued a "market perform" rating and a $121.00 target price for the company. Zacks Research downgraded shares of Stifel Financial from a "strong-buy" rating to a "hold" rating in a report on Monday, September 8th. Wells Fargo & Company increased their target price on shares of Stifel Financial from $102.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Finally, Citigroup upgraded shares of Stifel Financial from a "neutral" rating to a "buy" rating and increased their target price for the company from $115.00 to $135.00 in a report on Thursday, July 31st. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $120.60.

Stifel Financial Stock Up 0.7%

Shares of Stifel Financial stock traded up $0.77 during trading on Wednesday, reaching $111.76. 955,020 shares of the company traded hands, compared to its average volume of 832,979. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.82 and a quick ratio of 0.77. Stifel Financial has a 1-year low of $73.27 and a 1-year high of $120.64. The company has a 50 day moving average price of $113.51 and a 200-day moving average price of $102.21. The firm has a market capitalization of $11.42 billion, a PE ratio of 21.66 and a beta of 1.13.

Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.06. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the company posted $1.60 earnings per share. The business's revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts expect that Stifel Financial will post 8.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stifel Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New Hampshire boosted its position in Stifel Financial by 1.0% during the second quarter. Bank of New Hampshire now owns 9,639 shares of the financial services provider's stock worth $1,000,000 after purchasing an additional 100 shares during the period. Securian Asset Management Inc. boosted its position in Stifel Financial by 1.3% during the second quarter. Securian Asset Management Inc. now owns 7,837 shares of the financial services provider's stock worth $813,000 after purchasing an additional 100 shares during the period. Nisa Investment Advisors LLC boosted its position in Stifel Financial by 2.7% during the second quarter. Nisa Investment Advisors LLC now owns 4,085 shares of the financial services provider's stock worth $424,000 after purchasing an additional 108 shares during the period. Journey Strategic Wealth LLC boosted its position in Stifel Financial by 4.2% during the first quarter. Journey Strategic Wealth LLC now owns 2,907 shares of the financial services provider's stock worth $274,000 after purchasing an additional 117 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its position in Stifel Financial by 3.0% during the first quarter. Stratos Wealth Partners LTD. now owns 4,328 shares of the financial services provider's stock worth $408,000 after purchasing an additional 127 shares during the period. Institutional investors own 82.01% of the company's stock.

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 and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.

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