Price Action Don’t Lie: Could Stifel Financial Corp Change Direction After Today’s Big Increase?

Price Action Don't Lie: Could Stifel Financial Corp Change Direction After Today's Big Increase?

The stock of Stifel Financial Corp (NYSE:SF) is a huge mover today! About 666,739 shares traded hands or 44.53% up from the average. Stifel Financial Corp (NYSE:SF) has risen 50.02% since April 8, 2016 and is uptrending. It has outperformed by 44.37% the S&P500.
The move comes after 9 months positive chart setup for the $3.17B company. It was reported on Nov, 10 by Barchart.com. We have $53.90 PT which if reached, will make NYSE:SF worth $697.40 million more.

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 stock of Stifel Financial Corp (NYSE:SF) has “Buy” rating given on Monday, November 9 by Nomura. Credit Suisse downgraded the shares of SF in a report on Monday, February 22 to “Underperform” rating. The company was maintained on Monday, April 4 by Nomura. The firm earned “Buy” rating on Monday, July 11 by Nomura. The firm has “Buy” rating given on Tuesday, January 12 by Goldman Sachs. The firm has “Buy” rating by Zacks given on Tuesday, September 1. The stock of Stifel Financial Corp (NYSE:SF) has “Hold” rating given on Tuesday, September 22 by Zacks.

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 Q2 2016. Its down 0.18, from 1.22 in 2016Q1. The ratio dived, 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.
Paloma Prtnrs Management, a Connecticut-based fund reported 15,889 shares. Wells Fargo & Mn owns 1.88 million shares or 0.02% of their US portfolio. The Pennsylvania-based Susquehanna Intll Grp Inc Llp has invested 0% in Stifel Financial Corp (NYSE:SF). Aqr Mgmt Ltd Liability holds 0% or 13,897 shares in its portfolio. State Of Wisconsin Board owns 293,397 shares or 0.04% of their US portfolio. Qs Limited Co holds 8 shares or 0% of its portfolio. Earnest Ltd Liability last reported 1.97 million shares in the company. Banc Funds Company Limited Liability Corporation holds 219,096 shares or 0.4% of its portfolio. Checchi Advisers Limited Com holds 76 shares or 0% of its portfolio. Legal General Gp Pcl last reported 42,520 shares in the company. Chicago Equity Prns Ltd Liability Com owns 67,133 shares or 0.06% of their US portfolio. The Illinois-based Guggenheim Cap Lc has invested 0% in Stifel Financial Corp (NYSE:SF). Mngmt Va holds 20,100 shares or 0.24% of its portfolio. Sg Americas Limited Liability has 17,946 shares for 0% of their US portfolio. Logan Cap Management holds 0.02% of its portfolio in Stifel Financial Corp (NYSE:SF) for 7,272 shares.

Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 3 selling transactions for $829,668 net activity. WESTBROOK KELVIN R sold $168,750 worth of stock or 4,500 shares. Shares for $100,662 were sold by Brautigam Allen on Tuesday, August 16. Plotkin Ben A had sold 15,270 shares worth $560,256.

Another recent and important Stifel Financial Corp (NYSE:SF) news was published by Streetinsider.com which published an article titled: “Form 8-K STIFEL FINANCIAL CORP For: Nov 02” on November 03, 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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