Stifel Financial Corp. (NYSE:SF)’s director sells 30,000 shares

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Dallas, Texas 09/05/2013 (Financialstrend) – Richard Himelfarb, Stifel Financial Corp. (NYSE:SF)’s director offloaded 30,000 shares of the company stock in a transaction that was dated 3 September. The stock was sold-off at an average price of $$39.99 and the cost of the total transaction was $1,199,700.00. Post completion of the sale, Himelfarb now directly-owns 292,530 shares in SF. This transaction was disclosed in a SEC filing.

Analyst opinion

Numerous research analysts have weighed on SF stock lately. Raymond James’ analysts upgraded the company’s shares from the “market perform” rating to an “outperform” on 28 August and have now set a price-target of $47.00 on the stock.
Susquehanna analysts have raised their price-target of SF shares from $32.00 to $34.00 on 9 August and have now assigned the stock with a “neutral” rating.

One research-analyst has assigned the stock with a “sell” rating, 5 have assigned it with a “hold” rating and 2 have issued a “buy” rating. The average analyst rating on the stock is a “hold” and the average price-target is $35.80.

Stifel Financial Corp. (NYSE:SF) stock traded up 1.60% in Wednesday’s trading session. The opening price of the shares was $40.14 which touched an intraday high of $41.00 and closed at $40.67. More than 0.386 million shares were traded on Wednesday and the average volume of shares traded over 30 days was 0.482 million. The company has a market cap of $2.59 billion.

About the company

SF is essentially a financial-holding company. Stifel, Nicolaus & Company, Incorporated is its subsidiary. It is an institutional and full-service retail and investment banking firm. It operates in three different segments- Institutional Group, Global Wealth Management and Other.  It largely operates in securities transactions, client services and financial planning services. Apart from this it is also involved in trading and research, fixed income sales and municipal finance.

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