Today’s Stock Alert: Is Stifel Financial Corp a Buy? The Stock Reaches 52-Week High Today

Today's Stock Alert: Is Stifel Financial Corp a Buy? The Stock Reaches 52 Week High Today

The stock of Stifel Financial Corp (NYSE:SF) hit a new 52-week high and has $85.26 target or 69.00% above today’s $50.45 share price. The 5 months bullish chart indicates low risk for the $3.43B company. The 1-year high was reported on Nov, 18 by Barchart.com. If the $85.26 price target is reached, the company will be worth $2.37 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 44,347 shares traded hands. Stifel Financial Corp (NYSE:SF) has risen 59.45% since April 18, 2016 and is uptrending. It has outperformed by 55.02% the S&P500.

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 -17.24% below today’s ($50.45) stock price. Stifel Financial Corp. has been the topic of 11 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Monday, April 4 by Nomura. The stock of Stifel Financial Corp (NYSE:SF) earned “Hold” rating by Zacks on Tuesday, September 22. Nomura maintained the stock with “Buy” rating in Monday, July 11 report. The firm earned “Buy” rating on Tuesday, September 1 by Zacks. Credit Suisse downgraded Stifel Financial Corp (NYSE:SF) rating on Monday, February 22. Credit Suisse has “Underperform” rating and $27 price target. The company was upgraded on Tuesday, January 12 by Goldman Sachs. The stock of Stifel Financial Corp (NYSE:SF) earned “Buy” rating by Nomura 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 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.
Schwab Charles Investment Management Incorporated has invested 0.01% of its portfolio in Stifel Financial Corp (NYSE:SF). Rhumbline Advisers has 0.01% invested in the company for 135,986 shares. Blackrock Fund Advsrs has invested 0.02% of its portfolio in Stifel Financial Corp (NYSE:SF). Moreover, Salem Counselors Incorporated has 0.12% invested in Stifel Financial Corp (NYSE:SF) for 32,300 shares. The United Kingdom-based Legal General Grp Public Ltd has invested 0% in Stifel Financial Corp (NYSE:SF). Barrow Hanley Mewhinney And Strauss Lc has invested 0% of its portfolio in Stifel Financial Corp (NYSE:SF). The Vermont-based Sentinel Asset has invested 0.19% in Stifel Financial Corp (NYSE:SF). Teachers Advisors Incorporated owns 392,711 shares or 0.02% of their US portfolio. Credit Suisse Ag last reported 0% of its portfolio in the stock. Deutsche Bancshares Ag, a Germany-based fund reported 50,411 shares. Eulav Asset last reported 0.22% of its portfolio in the stock. Sg Americas Ltd Limited Liability Company has invested 0% of its portfolio in Stifel Financial Corp (NYSE:SF). Pnc Fincl Svcs Grp Inc has 11,788 shares for 0% of their US portfolio. The Guernsey-based Bluecrest Cap Management Ltd has invested 0.01% in Stifel Financial Corp (NYSE:SF). Moreover, Comerica Bancshares has 0.01% invested in Stifel Financial Corp (NYSE:SF) for 46,770 shares.

Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 3 selling transactions for $829,668 net activity. Brautigam Allen sold $100,662 worth of stock or 2,725 shares. 4,500 shares were sold by WESTBROOK KELVIN R, worth $168,750 on Wednesday, June 8. 15,270 Stifel Financial Corp (NYSE:SF) shares with value of $560,256 were sold by Plotkin Ben A.

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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