Price Action Alert: Stifel Financial Corp Can’t Be More Hot. Just Reaches 52-Week High

Price Action Alert: Stifel Financial Corp Can't Be More Hot. Just Reaches 52 Week High

The stock of Stifel Financial Corp (NYSE:SF) hit a new 52-week high and has $53.88 target or 6.00% above today’s $50.83 share price. The 7 months bullish chart indicates low risk for the $3.42B company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $53.88 price target is reached, the company will be worth $205.20 million 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 441,384 shares traded hands. Stifel Financial Corp (NYSE:SF) has risen 49.12% since April 28, 2016 and is uptrending. It has outperformed by 43.19% 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 $42.39 million for 20.17 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.

Stifel Financial Corp (NYSE:SF) Ratings Coverage

Out of 6 analysts covering Stifel Financial Corp. (NYSE:SF), 2 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 33% are positive. Stifel Financial Corp. has been the topic of 12 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Nomura maintained Stifel Financial Corp (NYSE:SF) on Monday, April 4 with “Buy” rating. On Tuesday, September 1 the stock rating was downgraded by Zacks to “Buy”. The firm has “Hold” rating by Zacks given on Tuesday, September 22. On Tuesday, January 12 the stock rating was upgraded by Goldman Sachs to “Buy”. The firm has “Neutral” rating by Macquarie Research given on Monday, November 28. The rating was downgraded by Credit Suisse on Monday, February 22 to “Underperform”. Nomura maintained the stock with “Buy” rating in Monday, July 11 report. On Monday, November 9 the stock rating was upgraded by Nomura to “Buy”.

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.
Citigroup last reported 2,850 shares in the company. Invesco Ltd, a Georgia-based fund reported 2.76M shares. Bartlett & Limited Liability Corp reported 600 shares or 0% of all its holdings. State Of Wisconsin Board accumulated 293,397 shares or 0.04% of the stock. Envestnet Asset Management owns 24,869 shares or 0% of their US portfolio. Ironbridge Cap Limited Partnership, a Illinois-based fund reported 284,912 shares. The New York-based Sg Americas Limited Liability Corp has invested 0% in Stifel Financial Corp (NYSE:SF). Dreman Value Management L L C accumulated 256 shares or 0% of the stock. Schwab Charles Inv Management Inc holds 0.01% of its portfolio in Stifel Financial Corp (NYSE:SF) for 270,561 shares. Advsrs Asset Mngmt Inc has 0% invested in the company for 1,800 shares. Legal & General Public Llc has invested 0% of its portfolio in Stifel Financial Corp (NYSE:SF). Joel Isaacson & Co Lc reported 63 shares or 0% of all its holdings. Cubist Systematic Strategies Limited Liability Corp has 19,265 shares for 0.04% of their US portfolio. Mendon Corp has 100,000 shares for 0.32% of their US portfolio. Sei Invs holds 0.01% of its portfolio in Stifel Financial Corp (NYSE:SF) for 55,925 shares.

Insider Transactions: Since June 8, 2016, the stock had 0 buys, and 17 selling transactions for $14.31 million net activity. Shares for $1.00M were sold by WEISEL THOMAS W on Tuesday, November 22. Shares for $502,000 were sold by Minnick David M on Tuesday, November 22. 12,571 Stifel Financial Corp (NYSE:SF) shares with value of $631,064 were sold by Michaud Thomas B.. 4,500 shares with value of $168,750 were sold by WESTBROOK KELVIN R on Wednesday, June 8. The insider Plotkin Ben A sold 15,000 shares worth $753,000. 15,000 shares with value of $753,000 were sold by ZEMLYAK JAMES M on Tuesday, November 22. 5,000 shares were sold by DUBINSKY JOHN P, worth $251,000 on Tuesday, November 22.

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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