Stifel Financial (NYSE:SF) Upgraded to Buy at TD Cowen

Key Points

• Stifel Financial has been upgraded by TD Cowen from a "hold" to a "buy" rating, with a price target of $131.00, indicating a potential upside of 18.07% from its current stock price.
• The financial services provider recently reported quarterly earnings of $1.71 per share, exceeding the consensus estimate, with revenues up 5.4% from the previous year.
• Stifel Financial has received mixed ratings from various analysts, leading to a current consensus rating of "Moderate Buy" among six buy and six hold ratings.

Stifel Financial (NYSE:SF - Get Free Report) was upgraded by TD Cowen from a "hold" rating to a "buy" rating in a report issued on Wednesday, MarketBeat Ratings reports. The brokerage presently has a $131.00 price target on the financial services provider's stock. TD Cowen's target price would suggest a potential upside of 18.07% from the stock's current price.

SF has been the subject of several other reports. Zacks Research downgraded Stifel Financial from a "strong-buy" rating to a "hold" rating in a report on Monday, September 8th. Stifel Nicolaus set a $131.00 price objective on Stifel Financial in a report on Wednesday. JMP Securities lifted their price objective on Stifel Financial from $120.00 to $130.00 and gave the stock a "market outperform" rating in a report on Monday, July 14th. Citigroup upgraded Stifel Financial from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $115.00 to $135.00 in a report on Thursday, July 31st. Finally, Wall Street Zen upgraded Stifel Financial from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.60.

Stifel Financial Stock Performance

Shares of Stifel Financial stock opened at $110.95 on Wednesday. The business has a fifty day simple moving average of $113.56 and a two-hundred day simple moving average of $102.15. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $11.34 billion, a P/E ratio of 21.50 and a beta of 1.13. Stifel Financial has a 12 month low of $73.27 and a 12 month high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.06. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%.Stifel Financial's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.60 EPS. On average, equities analysts forecast that Stifel Financial will post 8.26 earnings per share for the current fiscal year.

Institutional Trading of Stifel Financial

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Stifel Financial by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 10,620,407 shares of the financial services provider's stock worth $1,001,080,000 after acquiring an additional 217,415 shares in the last quarter. Boston Partners raised its holdings in shares of Stifel Financial by 2,727.0% during the 2nd quarter. Boston Partners now owns 2,326,249 shares of the financial services provider's stock worth $241,468,000 after acquiring an additional 2,243,961 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Stifel Financial by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,797,528 shares of the financial services provider's stock worth $186,578,000 after acquiring an additional 9,188 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Stifel Financial by 314.1% during the 1st quarter. AQR Capital Management LLC now owns 1,383,836 shares of the financial services provider's stock worth $126,925,000 after acquiring an additional 1,049,665 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Stifel Financial during the 2nd quarter valued at approximately $143,377,000. 82.01% of the stock is owned by hedge funds and other 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 and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.

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