Stifel Financial Corp (SF) was Downgraded by Macquarie to ” Neutral”. Earlier the firm had a rating of “Outperform ” on the company shares. Macquarie advised their investors in a research report released on Nov 28, 2016.
On the company’s financial health, Stifel Financial Corp reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $0.62. The company had revenue of $641.99 million for the quarter, compared to analysts expectations of $629.13 million. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.
Stifel Financial Corp closed down -0.08 points or -0.16% at $50.52 with 1,32,360 shares getting traded on Friday. Post opening the session at $50.6, the shares hit an intraday low of $50.08 and an intraday high of $50.6 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Nov 23, 2016, Bruce A Beda (director) sold 5,000 shares at $50.20 per share price. According to the SEC, on Nov 23, 2016, John P Dubinsky (director) sold 5,000 shares at $50.20 per share price. On Nov 23, 2016, James M Oates (director) sold 5,000 shares at $50.20 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.