November 23, 2016 - By Michael Collier
Based on an average market stock price per share of $50.2, David Minnick, the Stifel Financial Corp’s General Counsel & Senior VP unloaded 10,000 shares of Stifel Financial Corp worth roughly $502,000 U.S. Dollars. David Minnick currently holds 0.01% of Stifel Financial Corp’s total market capitalization with ownership of 4,193 shares. A document on hand here unveiled this sale activity. It was unveiled on November 23, 2016 and filled with SEC.
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 firm has “Underperform” rating given on Monday, February 22 by Credit Suisse. The stock has “Buy” rating given by Nomura on Monday, April 4. As per Monday, July 11, the company rating was maintained by Nomura. Zacks upgraded the shares of SF in a report on Tuesday, September 22 to “Hold” rating. The stock of Stifel Financial Corp (NYSE:SF) earned “Buy” rating by Zacks on Tuesday, September 1. Goldman Sachs upgraded the stock to “Buy” rating in Tuesday, January 12 report. 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 increased, 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.
Bartlett & Company Lc accumulated 0% or 600 shares. Mendon Advsrs Corporation holds 100,000 shares or 0.32% of its portfolio. Federated Investors Pa holds 25,378 shares or 0% of its portfolio. Nj State Employees Deferred Compensation Plan has invested 0.17% of its portfolio in Stifel Financial Corp (NYSE:SF). Rudman Errol M last reported 14,500 shares in the company. Barclays Plc holds 0% of its portfolio in Stifel Financial Corp (NYSE:SF) for 14,993 shares. Brown Mgmt Limited Liability Co last reported 0.01% of its portfolio in the stock. Fairpointe Cap Llc accumulated 0.33% or 462,550 shares. Citadel Advsr Limited Liability Corporation reported 674,726 shares or 0.02% of all its holdings. The Vermont-based Sentinel Asset has invested 0.19% in Stifel Financial Corp (NYSE:SF). Moreover, Fmr Ltd Limited Liability Company has 0.01% invested in Stifel Financial Corp (NYSE:SF) for 1.17 million shares. Panagora Asset Mngmt last reported 2,850 shares in the company. Rothschild Asset Inc last reported 0.12% of its portfolio in the stock. Geode Capital Mgmt Ltd accumulated 0.01% or 438,679 shares. Nuveen Asset Ltd Liability holds 0.01% of its portfolio in Stifel Financial Corp (NYSE:SF) for 28,887 shares.
Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 2 insider sales for $269,412 net activity. Brautigam Allen also sold $100,662 worth of Stifel Financial Corp (NYSE:SF) on Tuesday, August 16. 15,270 shares with value of $560,256 were sold by Plotkin Ben A on Tuesday, May 24. WESTBROOK KELVIN R also sold $168,750 worth of Stifel Financial Corp (NYSE:SF) on Wednesday, June 8.
About 277,168 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 earnings per share, 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 earnings per share 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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