Everence Capital Management Inc. Takes $237,000 Position in Stifel Financial Corp. (NYSE:SF)

Everence Capital Management Inc. bought a new position in Stifel Financial Corp. (NYSE:SF) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,230 shares of the financial services provider’s stock, valued at approximately $237,000.

Several other hedge funds also recently made changes to their positions in SF. CIBC Asset Management Inc grew its position in shares of Stifel Financial by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider’s stock worth $283,000 after buying an additional 102 shares during the last quarter. GAMMA Investing LLC increased its position in Stifel Financial by 27.7% during the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 109 shares during the period. Tributary Capital Management LLC raised its holdings in Stifel Financial by 1.0% in the 3rd quarter. Tributary Capital Management LLC now owns 12,603 shares of the financial services provider’s stock worth $1,183,000 after purchasing an additional 126 shares in the last quarter. CWM LLC lifted its position in shares of Stifel Financial by 3.8% in the 3rd quarter. CWM LLC now owns 3,940 shares of the financial services provider’s stock worth $370,000 after purchasing an additional 145 shares during the period. Finally, Versant Capital Management Inc boosted its stake in shares of Stifel Financial by 46.5% during the 4th quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 145 shares in the last quarter. 82.01% of the stock is owned by hedge funds and other institutional investors.

Stifel Financial Trading Up 0.2 %

Shares of Stifel Financial stock opened at $108.35 on Thursday. The company has a fifty day moving average of $110.62 and a 200 day moving average of $96.26. Stifel Financial Corp. has a fifty-two week low of $68.09 and a fifty-two week high of $119.12. The company has a market capitalization of $11.09 billion, a P/E ratio of 19.59 and a beta of 1.11. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.10). The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. Stifel Financial’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 EPS. On average, sell-side analysts anticipate that Stifel Financial Corp. will post 6.5 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Monday, December 2nd. Stifel Financial’s dividend payout ratio (DPR) is presently 30.38%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SF. JMP Securities upped their price target on Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. initiated coverage on shares of Stifel Financial in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price target for the company. Wells Fargo & Company lifted their price objective on Stifel Financial from $113.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group upped their target price on shares of Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. Finally, TD Cowen upped their price objective on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $105.57.

Insider Buying and Selling

In other news, COO David D. Sliney sold 25,000 shares of Stifel Financial stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total value of $2,904,500.00. Following the completion of the transaction, the chief operating officer now owns 159,619 shares in the company, valued at approximately $18,544,535.42. The trade was a 13.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.57% of the stock is currently owned by company insiders.

Stifel Financial Company Profile

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.