Insider Move: Victor Nesi, Stifel Financial Corp (NYSE:SF)’s insider Unloaded 25,000 Shares

November 23, 2016 - By Peter Erickson

Insider Move: Victor Nesi, Stifel Financial Corp (NYSE:SF)'s insider Unloaded 25,000 Shares

Victor Nesi Insider Sell

The Director of Stifel Financial Corp, Victor Nesi, has just unloaded – 25,000 shares of the firm he’s managing – coming to an aggregate transaction of $1,255,000 US Dollars (this based on avg stock price of $50.2). A report available here revealed this trade activity. It was revealed on 23-11-2016 and filled with SEC. The probability of this sell staying undiscovered is nil, with the Director now holding 143,461 shares — that is 0.22% of the market cap of the Company.

Stifel Financial Corp (NYSE:SF) Ratings Coverage

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 -17.13% below today’s ($50.38) stock price. Stifel Financial Corp. has been the topic of 11 analyst reports since August 12, 2015 according to StockzIntelligence Inc. On Monday, July 11 the stock rating was maintained by Nomura with “Buy”. The firm has “Buy” rating given on Monday, November 9 by Nomura. The stock has “Underperform” rating given by Credit Suisse on Monday, February 22. The firm has “Buy” rating given on Monday, April 4 by Nomura. The stock of Stifel Financial Corp (NYSE:SF) earned “Buy” rating by Goldman Sachs on Tuesday, January 12. Zacks upgraded the shares of SF in a report on Tuesday, September 22 to “Hold” rating. The stock of Stifel Financial Corp (NYSE:SF) has “Buy” rating given on Tuesday, September 1 by Zacks.

Insitutional Activity: The institutional sentiment increased to 1.08 in Q2 2016. Its up 0.04, from 1.04 in 2016Q1. The ratio is positive, 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.

The Pennsylvania-based Nationwide Fund Advsrs has invested 0.02% in Stifel Financial Corp (NYSE:SF). Moreover, Teachers Retirement System Of The State Of Kentucky has 0.01% invested in Stifel Financial Corp (NYSE:SF) for 15,000 shares. Manufacturers Life Ins Company The last reported 0.01% of its portfolio in the stock. Strs Ohio accumulated 0% or 5,500 shares. Sei Investments holds 0.01% of its portfolio in Stifel Financial Corp (NYSE:SF) for 55,925 shares. Cubist Systematic Strategies Llc holds 0.04% of its portfolio in Stifel Financial Corp (NYSE:SF) for 19,265 shares. Envestnet Asset Management Inc last reported 24,869 shares in the company. Capstone Asset Mgmt accumulated 6,540 shares or 0.01% of the stock. Salem Invest Counselors last reported 32,300 shares in the company. Bluecrest Capital has 0.01% invested in the company for 10,308 shares. Mendon Cap Advisors Corp holds 0.32% of its portfolio in Stifel Financial Corp (NYSE:SF) for 100,000 shares. Ameritas Partners holds 0.03% of its portfolio in Stifel Financial Corp (NYSE:SF) for 15,430 shares. Amalgamated Bankshares last reported 8,031 shares in the company. Independent Consultants Inc holds 0.24% of its portfolio in Stifel Financial Corp (NYSE:SF) for 24,705 shares. Eagle Asset Mngmt accumulated 0.44% or 2.00 million shares.

Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 2 selling transactions for $269,412 net activity. Shares for $168,750 were sold by WESTBROOK KELVIN R on Wednesday, June 8. Another trade for 2,725 shares valued at $100,662 was made by Brautigam Allen on Tuesday, August 16. Plotkin Ben A sold $560,256 worth of stock or 15,270 shares.

About 269,591 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 $3.39 billion. The Company’s principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It has a 60.04 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 $42.39 million for 19.99 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.

SF Company Profile

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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