Everpar Advisors LLC Takes Position in Stifel Financial Corp. (NYSE:SF)

Everpar Advisors LLC purchased a new position in shares of Stifel Financial Corp. (NYSE:SF) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,219 shares of the financial services provider’s stock, valued at approximately $223,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. grew its position in shares of Stifel Financial by 97.5% in the third quarter. First Horizon Advisors Inc. now owns 640 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 316 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of Stifel Financial by 39.3% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 730 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 206 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new position in shares of Stifel Financial during the 4th quarter worth about $53,000. Signaturefd LLC boosted its position in shares of Stifel Financial by 29.4% in the fourth quarter. Signaturefd LLC now owns 1,030 shares of the financial services provider’s stock worth $71,000 after acquiring an additional 234 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Stifel Financial in the 4th quarter valued at $139,000. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

Stifel Financial Stock Performance

NYSE:SF opened at $83.15 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average of $76.84 and a 200-day moving average of $70.69. Stifel Financial Corp. has a twelve month low of $54.81 and a twelve month high of $83.78. The firm has a market cap of $8.55 billion, a price-to-earnings ratio of 18.90 and a beta of 1.14.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, April 24th. The financial services provider reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.13). The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.14 billion. Stifel Financial had a return on equity of 12.39% and a net margin of 11.34%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.40 earnings per share. Analysts forecast that Stifel Financial Corp. will post 7.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Thomas B. Michaud sold 25,421 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $74.26, for a total value of $1,887,763.46. Following the completion of the sale, the senior vice president now owns 90,055 shares in the company, valued at $6,687,484.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Stifel Financial news, insider Victor Nesi sold 36,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $75.37, for a total value of $2,713,320.00. Following the transaction, the insider now owns 54,732 shares in the company, valued at approximately $4,125,150.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Thomas B. Michaud sold 25,421 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $74.26, for a total transaction of $1,887,763.46. Following the completion of the sale, the senior vice president now owns 90,055 shares of the company’s stock, valued at approximately $6,687,484.30. The disclosure for this sale can be found here. Insiders sold a total of 74,421 shares of company stock worth $5,639,783 over the last ninety days. 3.52% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SF. Citigroup increased their target price on Stifel Financial from $74.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. UBS Group increased their target price on shares of Stifel Financial from $74.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. StockNews.com raised shares of Stifel Financial from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 26th. JMP Securities reiterated a “market outperform” rating and issued a $88.00 target price on shares of Stifel Financial in a research note on Tuesday, April 9th. Finally, TD Cowen raised their target price on Stifel Financial from $86.50 to $92.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Stifel Financial currently has a consensus rating of “Moderate Buy” and an average target price of $84.50.

Stifel Financial 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.