Notable Reporting: Is Buying Stifel Financial Corp Here a Winning Strategy?

Notable Reporting: Is Buying Stifel Financial Corp Here a Winning Strategy?

The stock of Stifel Financial Corp (NYSE:SF) is a huge mover today! The stock increased 3.58% or $1.33 during the last trading session, hitting $38.45. About 649,316 shares traded hands or 67.11% up from the average. Stifel Financial Corp (NYSE:SF) has risen 25.53% since February 26, 2016 and is uptrending. It has outperformed by 15.11% the S&P500.
The move comes after 5 months positive chart setup for the $2.50B company. It was reported on Oct, 1 by Barchart.com. We have $64.98 PT which if reached, will make NYSE:SF worth $1.73B more.

Analysts await Stifel Financial Corp (NYSE:SF) to report earnings on November, 2. They expect $0.52 earnings per share, down 13.33% or $0.08 from last year’s $0.6 per share. SF’s profit will be $33.81M for 18.49 P/E if the $0.52 EPS becomes a reality. After $0.40 actual earnings per share reported by Stifel Financial Corp for the previous quarter, Wall Street now forecasts 30.00% EPS growth.

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

According to Zacks Investment Research, “Stifel Financial Corp. is a holding company for Stifel Nicolaus & Company, Incorporated.”

Insitutional Activity: The institutional sentiment decreased to 1.04 in 2016 Q2. Its down 0.18, from 1.22 in 2016Q1. The ratio worsened, 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.
Ironbridge Cap Management Ltd Partnership has 0.39% invested in the company for 284,912 shares. Geode Cap Limited Liability Corp owns 438,679 shares or 0.01% of their US portfolio. State Board Of Administration Of Florida Retirement System holds 45,218 shares or 0% of its portfolio. Commonwealth Of Pennsylvania School Empls Retrmt last reported 0.01% of its portfolio in the stock. Oak Ridge Invests Ltd Liability Corp holds 0.62% or 770,604 shares in its portfolio. Nuveen Asset Mngmt Ltd Com holds 0.01% or 28,887 shares in its portfolio. Voya Investment Mngmt Ltd holds 529,924 shares or 0.04% of its portfolio. Checchi Cap Advisers Ltd Com holds 0% of its portfolio in Stifel Financial Corp (NYSE:SF) for 76 shares. Lombardia Limited Liability Com accumulated 343,484 shares or 0.71% of the stock. Commerce Financial Bank has invested 0.01% of its portfolio in Stifel Financial Corp (NYSE:SF). Thrivent Fincl For Lutherans last reported 0.11% of its portfolio in the stock. Retirement Systems Of Alabama, a Alabama-based fund reported 85,747 shares. Employees Retirement Association Of Colorado accumulated 0.04% or 153,425 shares. Systematic Fincl Lp accumulated 318,719 shares or 0.14% of the stock. Rudman Errol M last reported 14,500 shares in the company.

Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 3 selling transactions for $829,668 net activity. Shares for $168,750 were sold by WESTBROOK KELVIN R. Brautigam Allen sold $100,662 worth of stock or 2,725 shares. Another trade for 15,270 shares valued at $560,256 was sold by Plotkin Ben A.

More important recent Stifel Financial Corp (NYSE:SF) news were published by: Bizjournals.com which released: “Stifel acquires City Financial Corp.” on September 13, 2016, also Benzinga.com published article titled: “Top Performing Industries For September 30, 2016”, Investmentnews.com published: “Stifel advisers with $300 million in assets depart for RBC Wealth Management” on September 30, 2016. More interesting news about Stifel Financial Corp (NYSE:SF) was released by: Twst.com and their article: “Stifel Financial Corporation: Richard Klein Joins Miller Buckfire as Managing …” with publication date: September 22, 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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