Company Update : Stifel Financial Corp (NYSE:SF)

Stifel Financial Corp (NYSE:SF) (TREND ANALYSIS) sees Sterne Agee acquisition accretive to shareholder value. Stifel Financial announced that it has completed the acquisition of Sterne Agee Group. The combination increases Stifel’s Global Wealth Management professionals by 35% to more than 2,800 financial advisors and independent representatives with over $200B in client assets, and complements Stifel’s Fixed Income platform, adding depth and capabilities. The acquired businesses are expected to generate approximately $300M-$325M in gross annual revenues and be accretive to shareholder value when fully integrated. :theflyonthewall.com

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Stifel Financial Corp (NYSE:SF) stock is currently trading 1.25% below its 52-week-high, 37.52% above its 52-week-low. The 1-year stock price history is in the range of $41.47 – $57.75. Stifel Financial Corp (SF) has a price to earnings ratio of 25.45 versus Financial sector average of 18.08. SF stock price has outperformed the S&P 500 by 9.6%. The Diversified Financial Services company is currently valued at $3.87 billion and its share price closed the last trading session at $57.03. The stock has a 50-day moving average of $54.06 and a 200-day moving average of $52.22.

Stifel Financial Corp (SF) current short interest stands at 2.59 million shares. It has increased by 13% from the same period of last month. Around 4% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.4 million shares, the number of days required to cover the short positions stand at 6.5 days.

SF reported last quarter earnings on May 11. The Diversified Financial Services company announced earnings per share of $0.65 against a consensus Street estimate of $0.73, missing estimate by $0.08. This corresponds to an increase of $0.07 compared to the same quarter of the previous fiscal year.

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There are currently eleven analysts that cover Stifel Financial Corp stock. Of those eleven, four have a Buy rating, seven have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $56.75.

A recent analyst activity consisted of MKM Partners who initiated their coverage on the stock with Buy rating on March 19. MKM Partners fixed their price target at $67. This corresponds to a 17.48% upside from the last closing price. On the date of report, the stock closed at $56.01.

Goldman Sachs initiated their coverage on the stock with Buy rating on February 10, and fixed their price target at $56. This corresponds to a 1.81% downside from the last closing price. On the date of report, the stock closed at $51.07.

Company profile

Stifel Financial Corp. is a financial services holding company whose subsidiaries serve individual and institutional clients in the U.S. and Europe. The Company’s broker-dealer affiliates provide wealth management, investment banking, independent research, trading, investment advisory, and related financial services.

Company Update : Stifel Financial Corp (NYSE:SF) was last modified: June 7th, 2015 by Eric Hanson