Stifel Financial (NYSE:SF) Hits New 52-Week High at $83.00

Stifel Financial Corp. (NYSE:SF)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $83.00 and last traded at $82.89, with a volume of 36218 shares trading hands. The stock had previously closed at $81.77.

Analyst Ratings Changes

Several research firms recently weighed in on SF. JMP Securities restated a “market outperform” rating and set a $88.00 price target on shares of Stifel Financial in a report on Tuesday, April 9th. TD Cowen raised their target price on shares of Stifel Financial from $86.50 to $92.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. UBS Group lifted their target price on Stifel Financial from $74.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Citigroup raised their price target on Stifel Financial from $74.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Finally, StockNews.com upgraded shares of Stifel Financial from a “buy” rating to a “strong-buy” rating in a report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $84.50.

Stifel Financial Stock Down 0.5 %

The stock has a market capitalization of $8.51 billion, a PE ratio of 18.82 and a beta of 1.14. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.35. The company’s 50-day moving average is $76.70 and its 200 day moving average is $70.60.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, April 24th. The financial services provider reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.13). The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.14 billion. Stifel Financial had a net margin of 11.34% and a return on equity of 12.39%. Stifel Financial’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.40 earnings per share. As a group, analysts anticipate that Stifel Financial Corp. will post 7.04 EPS for the current year.

Insider Buying and Selling at Stifel Financial

In other Stifel Financial news, insider Victor Nesi sold 36,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $75.37, for a total value of $2,713,320.00. Following the completion of the transaction, the insider now directly owns 54,732 shares of the company’s stock, valued at $4,125,150.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Thomas B. Michaud sold 25,421 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $74.26, for a total transaction of $1,887,763.46. Following the sale, the senior vice president now directly owns 90,055 shares in the company, valued at approximately $6,687,484.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Victor Nesi sold 36,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $75.37, for a total value of $2,713,320.00. Following the completion of the sale, the insider now owns 54,732 shares of the company’s stock, valued at $4,125,150.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 74,421 shares of company stock valued at $5,639,783. 3.52% of the stock is owned by insiders.

Institutional Investors Weigh In On Stifel Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fidelis Capital Partners LLC purchased a new position in shares of Stifel Financial in the first quarter worth about $32,000. First Horizon Advisors Inc. grew its position in shares of Stifel Financial by 97.5% in the third quarter. First Horizon Advisors Inc. now owns 640 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 316 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Stifel Financial by 39.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 730 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 206 shares during the last quarter. Montag A & Associates Inc. boosted its stake in Stifel Financial by 336.2% during the fourth quarter. Montag A & Associates Inc. now owns 759 shares of the financial services provider’s stock worth $52,000 after buying an additional 585 shares during the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new stake in Stifel Financial in the 4th quarter valued at $53,000. Hedge funds and other 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.