Nomura Maintains Stifel Financial Corp to Buy with Price Target $47.00

Brokerage firm Nomura Maintains its rating on Stifel Financial Corp(NYSE:SF). In a research note issued to the investors, the brokerage major Raises the price-target to $47.00 per share. The shares have been rated Buy. The rating by Nomura was issued on Sep 30, 2016.

In a different note, On Sep 9, 2016, Macquarie said it Maintains its rating on Stifel Financial Corp. In the research note, the firm Raises the price-target to $39.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jul 11, 2016, Nomura said it Maintains its rating on Stifel Financial Corp. In the research note, the firm Lowers the price-target to $44.00 per share. The shares have been rated ‘Buy’ by the firm.

Stifel Financial Corp (SF) made into the market gainers list on Tuesdays trading session with the shares advancing 1.83% or 0.7 points. Due to strong positive momentum, the stock ended at $39.04, which is also near the day’s high of $39.25. The stock began the session at $38.53 and the volume stood at 4,82,966 shares. The 52-week high of the shares is $47.17 and the 52 week low is $25. The company has a current market capitalization of $2,585 M and it has 6,62,09,774 shares in outstanding.

Stifel Financial Corp(SF) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Earnings per share were $0.69.

Several Insider Transactions has been reported to the SEC. On Jun 9, 2016, Kelvin R Westbrook (director) sold 4,500 shares at $37.50 per share price.Also, On May 25, 2016, Ben A Plotkin (Vice Chairman) sold 15,270 shares at $36.69 per share price.On Dec 14, 2015, John P Dubinsky (director) sold 268 shares at $42.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Stifel Financial Corp. is a financial holding company. The Company operates in three segments: Global Wealth Management Institutional Group and Other. Global Wealth Management segment is engaged in the provision of Customer Financing and Asset Management and operates Consolidated Stifel Branch System and Stifel Bank. Institutional Group segment includes research equity and fixed income institutional sales and trading investment banking public finance and syndicate. Other segment includes interest income from stock borrow activities unallocated interest expense interest income and gains and losses from investments held. The Company through its subsidiary Stifel Nicolaus & Company Incorporated (Stifel) offers retail and institutional brokerage and investment banking firm. The Company through other subsidiaries is engaged in independent contractor broker-dealing; broker-dealing; retail and commercial banking; trust business and asset management.

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