Goldman Sachs Downgrades Stifel Financial Corp to Neutral with Price Target $59

Brokerage firm Goldman Sachs Downgrades its rating on Stifel Financial Corp(SF). As per the latest information, Goldman Sachs Raises the price target to $59 per share from a prior target of $58. The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the stock financial advisor at Goldman Sachs was issued on Mar 20, 2017 in a research report to their Investors and Clients.

Stifel Financial Corp (SF) shares turned negative on Wednesdays trading session with the shares closing down -0.45 points or -0.93% at a volume of 5,67,624. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $48.71. The peak price level was also seen at $48.71 while the days lowest was $47.5585. Finally the shares closed at $48.18. The 52-week high of the shares is $56.62 while the 52-week low is $27.33. According to the latest information available, the market cap of the company is $3,283 M.

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 Feb 16, 2017, Ben A Plotkin (Vice Chairman) sold 7,083 shares at $55.40 per share price.Also, On Feb 10, 2017, Thomas P Mulroy (Director) sold 30,000 shares at $53.47 per share price.On Feb 10, 2017, Richard J Himelfarb (Director) sold 35,000 shares at $53.38 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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