November 23, 2016 - By Louis Casey
An insider of the company Stifel Financial Corp, Ben Plotkin also its Vice Chairman, disclosed his selling activities with the U.S. Security & Exchange Commission on 23-11-2016. As shown in the document, Ben had sold 15,000 shares of the Missouri-based Stifel Financial Corp. The total sale was worth $753,000 US Dollars. At the time of the deal the price of a share was $50.2. This deal decreased his ownership of the company to 0.19% market capitalization or 123,309 shares.
Out of 5 analysts covering Stifel Financial Corp. (NYSE:SF), 2 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 40% are positive. $58 is the highest target while $27 is the lowest. The $41.75 average target is -16.96% below today’s ($50.28) stock price. Stifel Financial Corp. has been the topic of 11 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The rating was upgraded by Goldman Sachs to “Buy” on Tuesday, January 12. The rating was maintained by Nomura on Monday, July 11 with “Buy”. The firm earned “Buy” rating on Tuesday, September 1 by Zacks. Zacks upgraded the shares of SF in a report on Tuesday, September 22 to “Hold” rating. The stock has “Underperform” rating given by Credit Suisse on Monday, February 22. On Monday, April 4 the stock rating was maintained by Nomura with “Buy”. The stock of Stifel Financial Corp (NYSE:SF) earned “Buy” rating by Nomura on Monday, November 9.
Insitutional Activity: The institutional sentiment increased to 1.08 in Q2 2016. Its up 0.04, from 1.04 in 2016Q1. The ratio improved, as 22 funds sold all Stifel Financial Corp shares owned while 69 reduced positions. 32 funds bought stakes while 63 increased positions. They now own 56.23 million shares or 1.17% less from 56.90 million shares in 2016Q1.
Teacher Retirement Of Texas reported 9,706 shares or 0% of all its holdings. Blackrock Institutional Trust Na has 0.01% invested in the company for 1.99 million shares. California Employees Retirement has 0.01% invested in the company for 198,117 shares. Bbva Compass Natl Bank accumulated 16,633 shares or 0.04% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0% or 2,075 shares. Duncker Streett And Company Incorporated holds 0% of its portfolio in Stifel Financial Corp (NYSE:SF) for 160 shares. Co Fincl Bank, a Missouri-based fund reported 14,949 shares. Alliancebernstein Limited Partnership has 1.71M shares for 0.05% of their US portfolio. Gp holds 0% of its portfolio in Stifel Financial Corp (NYSE:SF) for 163,500 shares. Bluecrest Management last reported 10,308 shares in the company. Montag A And Associate owns 154,459 shares or 0.64% of their US portfolio. Smith Graham & Com Advsrs Limited Partnership accumulated 0.46% or 105,350 shares. Moreover, Royal National Bank & Trust Of Canada has 0% invested in Stifel Financial Corp (NYSE:SF) for 10,065 shares. Prudential last reported 0.02% of its portfolio in the stock. Hexavest holds 2,000 shares or 0% of its portfolio.
Insider Transactions: Since May 24, 2016, the stock had 0 insider purchases, and 2 insider sales for $269,412 net activity. Shares for $168,750 were sold by WESTBROOK KELVIN R. $100,662 worth of shares were sold by Brautigam Allen on Tuesday, August 16. 15,270 shares with value of $560,256 were sold by Plotkin Ben A on Tuesday, May 24.
About 280,777 shares traded hands. Stifel Financial Corp (NYSE:SF) has risen 51.48% since April 21, 2016 and is uptrending. It has outperformed by 46.15% the S&P500.
Stifel Financial Corp. is a financial holding company. The company has a market cap of $3.38 billion. The Company’s principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It has a 59.92 P/E ratio. The Company’s principal activities are private client services, including securities transaction and financial planning services; institutional equity and fixed income sales, trading, research and municipal finance; investment banking services, including mergers and acquisitions, public offerings and private placements, and retail and commercial banking, including personal and commercial lending programs.
According to Zacks Investment Research, “Stifel Financial Corp. is a holding company for Stifel Nicolaus & Company, Incorporated.”
Analysts await Stifel Financial Corp (NYSE:SF) to report earnings on February, 28. They expect $0.63 EPS, up 23.53% or $0.12 from last year’s $0.51 per share. SF’s profit will be $42.35 million for 19.95 P/E if the $0.63 EPS becomes a reality. After $0.69 actual EPS reported by Stifel Financial Corp for the previous quarter, Wall Street now forecasts -8.70% negative EPS growth.
Another recent and important Stifel Financial Corp (NYSE:SF) news was published by Streetinsider.com which published an article titled: “Form 4 STIFEL FINANCIAL CORP For: Nov 22 Filed by: Plotkin Ben A” on November 23, 2016.
Stifel Financial Corp., incorporated on December 31, 1981, is a financial holding company. The Company’s principal subsidiary is Stifel, Nicolaus & Company, Incorporated (Stifel), a full-service retail and institutional wealth management and investment banking firm. The Company’s principal activities are private client services, including securities transaction and financial planning services; institutional equity and fixed income sales, trading, research and municipal finance; investment banking services, including mergers and acquisitions, public offerings and private placements, and retail and commercial banking, including personal and commercial lending programs. The Firm operates through three divisions: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of two businesses, such as the Private Client Group and Stifel Bank. The Private Client Group includes branch offices and independent contractor offices of its broker-dealer subsidiaries located throughout the United States. These branches provide securities brokerage services, including the sale of equities, mutual funds, fixed income products and insurance, as well as offers banking products to its private clients through Stifel Bank, which provides residential, consumer and commercial lending, as well as the Federal Deposit Insurance Corporation (FDIC)-insured deposit accounts to clients of its broker-dealer subsidiaries and to the general public. The Institutional Group segment includes research, equity and fixed income institutional sales and trading, investment banking, public finance, and syndicate. The Other segment includes interest income from stock borrow activities and interest income, among others.
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By Louis Casey