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

Everence Capital Management Inc. purchased a new stake in Stifel Financial Corp. (NYSE:SF) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,230 shares of the financial services provider’s stock, valued at approximately $237,000.

Other large investors have also recently made changes to their positions in the company. TD Asset Management Inc lifted its position in Stifel Financial by 16.7% during the second quarter. TD Asset Management Inc now owns 23,800 shares of the financial services provider’s stock valued at $2,003,000 after acquiring an additional 3,400 shares during the last quarter. Victory Capital Management Inc. raised its stake in Stifel Financial by 19.0% in the second quarter. Victory Capital Management Inc. now owns 112,520 shares of the financial services provider’s stock valued at $9,469,000 after buying an additional 18,003 shares during the last quarter. Arizona State Retirement System boosted its holdings in Stifel Financial by 2.7% in the second quarter. Arizona State Retirement System now owns 28,777 shares of the financial services provider’s stock worth $2,422,000 after acquiring an additional 746 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Stifel Financial during the second quarter worth about $4,765,000. Finally, Caprock Group LLC purchased a new stake in shares of Stifel Financial during the second quarter worth about $217,000. 82.01% of the stock is owned by institutional investors.

Stifel Financial Stock Performance

Shares of SF stock opened at $108.35 on Thursday. Stifel Financial Corp. has a 52-week low of $68.09 and a 52-week high of $119.12. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The stock has a market cap of $11.09 billion, a PE ratio of 19.59 and a beta of 1.11. The business has a 50-day simple moving average of $110.62 and a 200-day simple moving average of $96.26.

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

Stifel Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.42 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.68 annualized dividend and a yield of 1.55%. Stifel Financial’s dividend payout ratio is presently 30.38%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SF. Wells Fargo & Company increased their price objective on shares of Stifel Financial from $113.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group lifted their price objective 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. TD Cowen upped their target price on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. Citigroup lifted their price target on Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. Finally, JMP Securities increased their price objective on Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $105.57.

Insider Buying and Selling at Stifel Financial

In other news, COO David D. Sliney sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the transaction, the chief operating officer now owns 159,619 shares in the company, valued at $18,544,535.42. This trade represents a 13.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.57% of the stock is owned by corporate insiders.

About Stifel Financial

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.