November 23, 2016 - By Clifton Ray
Richard Himelfarb is the Director of Stifel Financial Corp. He lately sold 20,000 shares in the Pinksheet-listed company with the sale value amounting to approximately $1,004,000 US Dollars. That was according to the revealed price of $50.2 for each share. The date of deal was November 23, 2016, and it was made public in a SEC-filed Form 4, which you can find here. Richard Himelfarb now owns 177,497 shares of Stifel Financial Corp.
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 -17.28% below today’s ($50.47) stock price. Stifel Financial Corp. has been the topic of 11 analyst reports since August 12, 2015 according to StockzIntelligence Inc. On Tuesday, September 22 the stock rating was upgraded by Zacks to “Hold”. The firm has “Buy” rating by Zacks given on Tuesday, September 1. The stock of Stifel Financial Corp (NYSE:SF) earned “Underperform” rating by Credit Suisse on Monday, February 22. On Monday, November 9 the stock rating was upgraded by Nomura to “Buy”. Nomura maintained it with “Buy” rating and $43 target price in Monday, July 11 report. On Tuesday, January 12 the stock rating was upgraded by Goldman Sachs to “Buy”. Nomura maintained the shares of SF in a report on Monday, April 4 with “Buy” rating.
Insitutional Activity: The institutional sentiment increased to 1.08 in 2016 Q2. 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.
Citadel Advsrs Lc accumulated 674,726 shares or 0.02% of the stock. Louisiana State Employees Retirement System has invested 0.03% of its portfolio in Stifel Financial Corp (NYSE:SF). Ameritas, a Nebraska-based fund reported 15,430 shares. Moreover, Channing Mgmt Ltd Limited Liability Company has 1.2% invested in Stifel Financial Corp (NYSE:SF) for 910,231 shares. Brandywine Global Management Llc accumulated 255,938 shares or 0.05% of the stock. Eaton Vance Mngmt reported 156,596 shares or 0.01% of all its holdings. American Intl holds 0% of its portfolio in Stifel Financial Corp (NYSE:SF) for 163,500 shares. Lombardia Capital Prns Ltd Company holds 0.71% or 343,484 shares in its portfolio. Great West Life Assurance Can has 0% invested in the company for 8,331 shares. Royal Savings Bank Of Canada reported 10,065 shares or 0% of all its holdings. Cramer Rosenthal Mcglynn Ltd Co reported 1.54 million shares or 0.78% of all its holdings. Teachers Advsrs holds 0.02% of its portfolio in Stifel Financial Corp (NYSE:SF) for 392,711 shares. Boothbay Fund Ltd Llc has 0.1% invested in the company for 6,567 shares. The Michigan-based Arcadia Mngmt Mi has invested 0.01% in Stifel Financial Corp (NYSE:SF). Jpmorgan Chase &, a New York-based fund reported 307,528 shares.
Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 2 insider sales for $269,412 net activity. The insider Plotkin Ben A sold 15,270 shares worth $560,256. On Wednesday, June 8 WESTBROOK KELVIN R sold $168,750 worth of the stock or 4,500 shares. Brautigam Allen had sold 2,725 shares worth $100,662 on Tuesday, August 16.
About 268,724 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 $3.40 billion. The Company’s principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It has a 60.14 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 $42.44M for 20.03 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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By Clifton Ray