Stifel Financial (SF) Upgraded to “Buy” at Nomura

Nomura upgraded shares of Stifel Financial (NYSE:SF) from a neutral rating to a buy rating in a research report sent to investors on Wednesday. Nomura currently has $77.00 target price on the financial services provider’s stock, up from their prior target price of $58.00.

SF has been the subject of several other research reports. Zacks Investment Research downgraded shares of Stifel Financial from a buy rating to a hold rating in a research report on Tuesday, October 3rd. Wells Fargo & Co upgraded shares of Stifel Financial from a market perform rating to an outperform rating and upped their price target for the company from $56.00 to $64.00 in a research report on Friday, December 1st. Finally, Instinet upgraded shares of Stifel Financial from a neutral rating to a buy rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $62.83.

Shares of Stifel Financial (SF) traded up $1.43 during trading hours on Wednesday, reaching $62.85. 451,400 shares of the company were exchanged, compared to its average volume of 412,261. The company has a market capitalization of $4,300.00, a PE ratio of 25.04, a price-to-earnings-growth ratio of 1.26 and a beta of 1.70. Stifel Financial has a 1 year low of $41.93 and a 1 year high of $63.60. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.68.

Stifel Financial (NYSE:SF) last issued its earnings results on Monday, October 30th. The financial services provider reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.06. The firm had revenue of $721.20 million during the quarter, compared to analysts’ expectations of $701.12 million. Stifel Financial had a net margin of 7.61% and a return on equity of 9.78%. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period last year, the firm posted $0.69 earnings per share. research analysts predict that Stifel Financial will post 3.45 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a $0.10 dividend. The ex-dividend date was Thursday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.64%. Stifel Financial’s dividend payout ratio (DPR) is presently 15.94%.

In other Stifel Financial news, Director James M. Oates sold 1,768 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $52.27, for a total value of $92,413.36. Following the completion of the sale, the director now owns 28,640 shares in the company, valued at approximately $1,497,012.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Ben A. Plotkin sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $53.70, for a total transaction of $1,074,000.00. Following the completion of the sale, the insider now owns 96,226 shares of the company’s stock, valued at approximately $5,167,336.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,304 shares of company stock valued at $2,869,480. 3.60% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in SF. Russell Investments Group Ltd. increased its stake in shares of Stifel Financial by 70.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 6,230 shares of the financial services provider’s stock worth $286,000 after purchasing an additional 2,572 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Stifel Financial by 5.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 354,765 shares of the financial services provider’s stock worth $16,313,000 after purchasing an additional 17,550 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Stifel Financial by 13.6% during the 2nd quarter. Legal & General Group Plc now owns 90,211 shares of the financial services provider’s stock worth $4,146,000 after purchasing an additional 10,768 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Stifel Financial during the 2nd quarter worth $324,000. Finally, Federated Investors Inc. PA increased its stake in shares of Stifel Financial by 14.6% during the 2nd quarter. Federated Investors Inc. PA now owns 31,625 shares of the financial services provider’s stock worth $1,454,000 after purchasing an additional 4,030 shares during the last quarter. Institutional investors own 88.54% of the company’s stock.

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About Stifel Financial

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.

Analyst Recommendations for Stifel Financial (NYSE:SF)

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