Rating On Watch: Is Stifel Financial Corp (NYSE:SF) Worth Your Time After Placed Macquarie Research’s Downgrade?

November 28, 2016 - By Hazel Jackson

Rating On Watch: Is Stifel Financial Corp (NYSE:SF) Worth Your Time After Placed Macquarie Research's Downgrade?

Stifel Financial Corp (NYSE:SF) Downgrade

Macquarie Research lowered shares of Stifel Financial Corp (NYSE:SF) from a Outperform rating to a Neutral rating in a an analyst note revealed on Monday, 28 November.

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 -15.25% below today’s ($49.26) stock price. Stifel Financial Corp. has been the topic of 11 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Tuesday, September 22 by Zacks. The stock of Stifel Financial Corp (NYSE:SF) earned “Buy” rating by Nomura on Monday, November 9. The firm has “Buy” rating given on Monday, April 4 by Nomura. The rating was downgraded by Credit Suisse to “Underperform” on Monday, February 22. The stock of Stifel Financial Corp (NYSE:SF) earned “Buy” rating by Goldman Sachs on Tuesday, January 12. Nomura maintained the shares of SF in a report on Monday, July 11 with “Buy” rating. The stock has “Buy” rating given by Zacks on Tuesday, September 1.

About 208,643 shares traded hands. Stifel Financial Corp (NYSE:SF) has risen 50.04% since April 25, 2016 and is uptrending. It has outperformed by 44.03% the S&P500.

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 $41.69M for 19.55 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.

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.

Metropolitan Life Ny holds 0.03% of its portfolio in Stifel Financial Corp (NYSE:SF) for 107,665 shares. The Iowa-based Miles Cap has invested 0.16% in Stifel Financial Corp (NYSE:SF). Amg Natl Tru Savings Bank, a Colorado-based fund reported 17,847 shares. Public Employees Retirement Association Of Colorado owns 153,425 shares or 0.04% of their US portfolio. National Bank & Trust Of America De owns 397,409 shares or 0% of their US portfolio. Banc Funds Lc owns 219,096 shares or 0.4% of their US portfolio. Price T Rowe Associates Md, a Maryland-based fund reported 17,226 shares. Jefferies Grp Ltd Liability Corp last reported 0% of its portfolio in the stock. Nomura Asset Mngmt owns 2,190 shares or 0% of their US portfolio. Assetmark Incorporated last reported 1,706 shares in the company. Schwab Charles Management has 270,561 shares for 0.01% of their US portfolio. Moreover, Teachers Retirement System Of The State Of Kentucky has 0.01% invested in Stifel Financial Corp (NYSE:SF) for 15,000 shares. Voya Investment Mngmt Llc owns 529,924 shares or 0.04% of their US portfolio. Winslow Evans Crocker accumulated 0% or 378 shares. Bank & Trust Of Ny Mellon reported 827,668 shares or 0.01% of all its holdings.

Insider Transactions: Since June 8, 2016, the stock had 0 insider buys, and 17 insider sales for $14.31 million net activity. On Tuesday, November 22 OATES JAMES M sold $251,000 worth of the stock or 5,000 shares. Shares for $251,000 were sold by HANSER FREDERICK O on Tuesday, November 22. 2,200 shares with value of $110,440 were sold by Brautigam Allen on Tuesday, November 22. WEISEL THOMAS W sold 20,000 shares worth $1.00M. KRUSZEWSKI RONALD J sold $5.02M worth of stock. On Tuesday, November 22 SLINEY DAVID D sold $753,000 worth of the stock or 15,000 shares. 4,500 Stifel Financial Corp (NYSE:SF) shares with value of $168,750 were sold by WESTBROOK KELVIN R.

Stifel Financial Corp. is a financial holding company. The company has a market cap of $3.26 billion. The Company’s principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It has a 58.7 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.”

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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