In a report released today, Christopher Harris from Wells Fargo downgraded Stifel Financial Corp (SF) to Hold. The company’s shares closed yesterday at $40.81, close to its 52-week low of $40.61.
According to TipRanks.com, Harris is a 4-star analyst with an average return of 6.1% and a 54.8% success rate. Harris covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Raymond James Financial, and Interactive Brokers.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Stifel Financial Corp with a $55.33 average price target.
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Based on Stifel Financial Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $104 million. In comparison, last year the company had a net profit of $66.54 million.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
