Verdence Capital Advisors LLC Purchases New Stake in Stifel Financial Corporation $SF

Verdence Capital Advisors LLC bought a new stake in shares of Stifel Financial Corporation (NYSE:SF) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 33,754 shares of the financial services provider’s stock, valued at approximately $4,019,000.

A number of other large investors also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC increased its position in Stifel Financial by 55.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,369 shares of the financial services provider’s stock worth $2,150,000 after buying an additional 6,882 shares during the period. Sequoia Financial Advisors LLC lifted its position in Stifel Financial by 45.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 8,481 shares of the financial services provider’s stock valued at $962,000 after purchasing an additional 2,645 shares during the last quarter. Evergreen Capital Management LLC bought a new position in Stifel Financial in the 3rd quarter worth about $384,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Stifel Financial in the third quarter valued at approximately $996,000. Finally, Quent Capital LLC bought a new stake in shares of Stifel Financial during the third quarter valued at approximately $53,000. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Stock Down 0.3%

SF stock opened at $129.81 on Tuesday. Stifel Financial Corporation has a 52-week low of $73.27 and a 52-week high of $134.74. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.84 and a quick ratio of 0.79. The firm has a market capitalization of $13.22 billion, a P/E ratio of 22.93 and a beta of 1.13. The company’s 50 day simple moving average is $125.67 and its 200-day simple moving average is $117.62.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.06. Stifel Financial had a return on equity of 14.95% and a net margin of 12.44%.The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the company earned $1.50 earnings per share. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. As a group, equities research analysts anticipate that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, December 1st. Stifel Financial’s dividend payout ratio is currently 32.51%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. JMP Securities increased their price objective on Stifel Financial from $130.00 to $135.00 and gave the stock a “market outperform” rating in a report on Thursday, October 9th. JPMorgan Chase & Co. increased their price target on Stifel Financial from $133.00 to $136.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Stifel Financial in a report on Wednesday, October 8th. Citigroup reiterated an “outperform” rating on shares of Stifel Financial in a research report on Monday, January 12th. Finally, Wolfe Research restated an “outperform” rating and set a $149.00 price target on shares of Stifel Financial in a research report on Wednesday, January 7th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $135.18.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.