Stifel Financial (NYSE:SF) Upgraded to “Buy” by StockNews.com

Posted by Defense World Staff on May 26th, 2023

Stifel Financial (NYSE:SF – Get Rating) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

A number of other brokerages have also issued reports on SF. Citigroup decreased their price target on Stifel Financial from $72.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 11th. JMP Securities decreased their price target on Stifel Financial from $95.00 to $91.00 and set a “market outperform” rating on the stock in a research note on Monday, April 10th.

Stifel Financial Trading Up 1.0 %

Stifel Financial stock opened at $57.40 on Friday. The stock has a market cap of $6.09 billion, a PE ratio of 11.02 and a beta of 1.25. The stock has a 50-day moving average price of $58.39 and a 200 day moving average price of $61.38. Stifel Financial has a 52 week low of $49.31 and a 52 week high of $68.77. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35.

Stifel Financial (NYSE:SF – Get Rating) last issued its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $1.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.05). Stifel Financial had a return on equity of 15.28% and a net margin of 14.24%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the business posted $1.49 earnings per share. The firm’s quarterly revenue was down .9% on a year-over-year basis.

Insider Activity

In other news, SVP Thomas B. Michaud sold 15,000 shares of Stifel Financial stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $57.75, for a total value of $866,250.00. Following the transaction, the senior vice president now directly owns 144,276 shares of the company’s stock, valued at approximately $8,331,939. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Thomas B. Michaud sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $57.75, for a total transaction of $866,250.00. Following the transaction, the senior vice president now directly owns 144,276 shares of the company’s stock, valued at approximately $8,331,939. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ronald J. Kruszewski purchased 2,500 shares of Stifel Financial stock in a transaction that occurred on Monday, March 13th. The shares were bought at an average cost of $55.00 per share, for a total transaction of $137,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,377,326 shares in the company, valued at approximately $75,752,930. The disclosure for this purchase can be found here. Insiders have bought 32,500 shares of company stock valued at $1,848,500 in the last three months. Corporate insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On Stifel Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC increased its holdings in Stifel Financial by 113,703.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,654,257 shares of the financial services provider’s stock worth $621,889,000 after purchasing an additional 10,644,895 shares during the last quarter. Vanguard Group Inc. increased its holdings in Stifel Financial by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 10,258,219 shares of the financial services provider’s stock worth $532,504,000 after purchasing an additional 89,580 shares during the last quarter. Macquarie Group Ltd. increased its holdings in Stifel Financial by 1.5% during the 3rd quarter. Macquarie Group Ltd. now owns 3,827,111 shares of the financial services provider’s stock worth $198,775,000 after purchasing an additional 57,453 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Stifel Financial by 14.2% during the 3rd quarter. Alliancebernstein L.P. now owns 3,781,450 shares of the financial services provider’s stock worth $196,295,000 after purchasing an additional 470,007 shares during the last quarter. Finally, Morgan Stanley increased its holdings in Stifel Financial by 422.3% during the 4th quarter. Morgan Stanley now owns 3,120,148 shares of the financial services provider’s stock worth $182,123,000 after purchasing an additional 2,522,805 shares during the last quarter. 83.02% of the stock is owned by institutional investors and hedge funds.

Stifel Financial Company Profile

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Stifel Financial Corp. provides securities brokerage, investment banking, trading, investment advisory, and related financial services. It operates through the following segments: Global Wealth Management, Institutional Group, and Other. The Global Wealth Management segment provides securities transaction, brokerage, and investment services to clients.