Stifel (NYSE:SF) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Stifel (NYSE:SF) from a buy rating to a hold rating in a research note published on Friday, March 9th.

According to Zacks, “Stifel Financial Corp. is a holding company for Stifel Nicolaus & Company, Incorporated. “

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Several other brokerages have also issued reports on SF. Wells Fargo upgraded shares of Stifel from a market perform rating to an outperform rating and boosted their price objective for the company from $56.00 to $64.00 in a report on Friday, December 1st. Instinet upgraded shares of Stifel from a neutral rating to a buy rating in a report on Wednesday, January 3rd. Nomura raised Stifel from a neutral rating to a buy rating and lifted their target price for the company from $58.00 to $77.00 in a research report on Wednesday, January 3rd. Goldman Sachs raised Stifel from a neutral rating to a buy rating and lifted their target price for the company from $56.00 to $77.00 in a research report on Monday, January 8th. Finally, ValuEngine raised Stifel from a hold rating to a buy rating in a research report on Wednesday, March 7th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $71.20.

Stifel stock traded down $1.78 during trading on Friday, reaching $57.45. The company had a trading volume of 664,360 shares, compared to its average volume of 485,756. Stifel has a 1-year low of $41.93 and a 1-year high of $68.76. The stock has a market capitalization of $4,255.73, a P/E ratio of 14.40, a P/E/G ratio of 0.97 and a beta of 1.72. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.62 and a current ratio of 0.69.

Stifel (NYSE:SF) last announced its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.55. The company had revenue of $804.10 million for the quarter, compared to analyst estimates of $745.44 million. Stifel had a return on equity of 12.04% and a net margin of 6.25%. The firm’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 EPS. sell-side analysts predict that Stifel will post 5.1 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.84%. This is an increase from Stifel’s previous quarterly dividend of $0.10. The ex-dividend date was Wednesday, February 28th. Stifel’s dividend payout ratio is 12.03%.

In related news, Vice Chairman Ben A. Plotkin sold 9,012 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $63.30, for a total value of $570,459.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio raised its stake in shares of Stifel by 5.0% during the second quarter. Public Employees Retirement System of Ohio now owns 2,379 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 113 shares during the last quarter. Strs Ohio grew its holdings in Stifel by 14.9% during the third quarter. Strs Ohio now owns 7,700 shares of the financial services provider’s stock worth $411,000 after acquiring an additional 1,000 shares during the period. Rothschild Asset Management Inc. grew its holdings in Stifel by 0.5% during the third quarter. Rothschild Asset Management Inc. now owns 210,395 shares of the financial services provider’s stock worth $11,248,000 after acquiring an additional 1,065 shares during the period. Pacer Advisors Inc. grew its holdings in Stifel by 11.7% during the third quarter. Pacer Advisors Inc. now owns 10,262 shares of the financial services provider’s stock worth $549,000 after acquiring an additional 1,075 shares during the period. Finally, Advisor Group Inc. grew its holdings in Stifel by 19.3% during the fourth quarter. Advisor Group Inc. now owns 7,198 shares of the financial services provider’s stock worth $429,000 after acquiring an additional 1,164 shares during the period. Institutional investors own 86.00% of the company’s stock.

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About Stifel

Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.

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