The SVP of Stifel Financial Corp (NYSE: SF) is Selling Shares

By Carrie Williams

Yesterday, the SVP of Stifel Financial Corp (NYSE: SF), Thomas Michaud, sold shares of SF for $1.29M.

Following Thomas Michaud’s last SF Sell transaction on November 23, 2016, the stock climbed by 1.9%. In addition to Thomas Michaud, 2 other SF executives reported Sell trades in the last month.

Based on Stifel Financial Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $740 million and quarterly net profit of $66.54 million. In comparison, last year the company earned revenue of $660 million and had a net profit of $17.81 million. The company has a one-year high of $56.62 and a one-year low of $41.93. SF’s market cap is $3.58B and the company has a P/E ratio of 20.86.

Three different firms, including Credit Suisse and Goldman Sachs, currently also have a Sell rating on the stock.

The insider sentiment on Stifel Financial Corp has been negative according to 56 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Stifel Financial Corp. provides securities brokerage, investment banking, trading, investment advisory, and related financial services. It operates through the following segments: Global Wealth Management, Institutional Group, and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank & Trust.