Today’s Rating: Stifel Financial (NYSE:SF) Hit With Downgrade by Macquarie, Is This a Concern?

November 28, 2016 - By Peter Kolinski

Today's Rating: Stifel Financial (NYSE:SF) Hit With Downgrade by Macquarie, Is This a Concern?

Stifel Financial (NYSE:SF) Downgrade

Trading of Stifel Financial (NYSE:SF)‘s shares is going to be interesting today. Macquarie cut the stock from a “Outperform” to a “Neutral”.

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 -15.26% below today’s ($49.27) stock price. Stifel Financial Corp. has been the topic of 11 analyst reports since August 12, 2015 according to StockzIntelligence Inc. As per Monday, April 4, the company rating was maintained by Nomura. The firm earned “Buy” rating on Tuesday, September 1 by Zacks. Credit Suisse downgraded the shares of SF in a report on Monday, February 22 to “Underperform” rating. Goldman Sachs upgraded Stifel Financial Corp (NYSE:SF) on Tuesday, January 12 to “Buy” rating. The stock has “Buy” rating given by Nomura on Monday, November 9. Nomura maintained it with “Buy” rating and $43 target price in Monday, July 11 report. The stock has “Hold” rating given by Zacks on Tuesday, September 22.

About 53,611 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 $41.68M 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 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.

Salem Invest Counselors owns 32,300 shares or 0.12% of their US portfolio. Earnest Limited Liability Corporation owns 1.97 million shares or 0.67% of their US portfolio. Moreover, Ny State Teachers Retirement Systems has 0.01% invested in Stifel Financial Corp (NYSE:SF) for 97,400 shares. Principal Fincl Gp last reported 247,835 shares in the company. Paradigm Asset Management Limited Co last reported 0% of its portfolio in the stock. Wealthtrust, a Alabama-based fund reported 65 shares. The New York-based Bank Of Mellon Corporation has invested 0.01% in Stifel Financial Corp (NYSE:SF). Manufacturers Life Communications The holds 0.01% or 131,153 shares in its portfolio. Buckhead Cap Mngmt Ltd Liability has 103,870 shares for 0.59% of their US portfolio. Thrivent For Lutherans accumulated 0.11% or 703,310 shares. Springbok Cap Management Ltd Co holds 400 shares or 0% of its portfolio. Legal General Gru Public Limited last reported 42,520 shares in the company. Credit Suisse Ag holds 0% or 84,891 shares in its portfolio. Nationwide Fund Advsr last reported 155,003 shares in the company. Alliancebernstein Lp has invested 0.05% of its portfolio in Stifel Financial Corp (NYSE:SF).

Insider Transactions: Since June 8, 2016, the stock had 0 insider purchases, and 17 sales for $14.31 million net activity. 10,000 Stifel Financial Corp (NYSE:SF) shares with value of $502,000 were sold by Minnick David M. The insider Plotkin Ben A sold $753,000. OATES JAMES M also sold $251,000 worth of Stifel Financial Corp (NYSE:SF) shares. $1.00 million worth of Stifel Financial Corp (NYSE:SF) shares were sold by HIMELFARB RICHARD J. Another trade for 100,000 shares valued at $5.02 million was made by KRUSZEWSKI RONALD J on Tuesday, November 22. 25,000 shares were sold by MULROY THOMAS P, worth $1.26M. $251,000 worth of shares were sold by DUBINSKY JOHN P on Tuesday, November 22.

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 58.71 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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