AEGON ASSET MANAGEMENT UK Plc Acquires 1,546 Shares of Stifel Financial Corp. (NYSE:SF)

AEGON ASSET MANAGEMENT UK Plc boosted its holdings in shares of Stifel Financial Corp. (NYSE:SF) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 271,680 shares of the financial services provider’s stock after purchasing an additional 1,546 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned about 0.27% of Stifel Financial worth $25,511,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Stifel Financial by 3.9% in the first quarter. Vanguard Group Inc. now owns 10,461,734 shares of the financial services provider’s stock valued at $817,794,000 after buying an additional 391,384 shares during the period. Los Angeles Capital Management LLC increased its position in shares of Stifel Financial by 929.9% during the second quarter. Los Angeles Capital Management LLC now owns 296,574 shares of the financial services provider’s stock valued at $24,957,000 after purchasing an additional 267,777 shares during the period. Earnest Partners LLC raised its stake in shares of Stifel Financial by 7.0% in the first quarter. Earnest Partners LLC now owns 2,932,059 shares of the financial services provider’s stock valued at $229,199,000 after purchasing an additional 191,896 shares in the last quarter. Renaissance Technologies LLC bought a new position in Stifel Financial in the second quarter worth $7,415,000. Finally, Castleark Management LLC acquired a new stake in Stifel Financial during the first quarter worth $5,430,000. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Price Performance

Shares of SF stock opened at $115.29 on Friday. Stifel Financial Corp. has a 52 week low of $59.25 and a 52 week high of $117.76. The stock has a market capitalization of $11.82 billion, a PE ratio of 20.85 and a beta of 1.08. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.80 and a current ratio of 0.84. The stock’s fifty day moving average is $96.11 and its 200-day moving average is $87.13.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.10). Stifel Financial had a net margin of 12.98% and a return on equity of 15.11%. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the business posted $0.60 EPS. The company’s revenue was up 17.2% compared to the same quarter last year. Equities research analysts expect that Stifel Financial Corp. will post 6.44 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.42 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.68 dividend on an annualized basis and a yield of 1.46%. Stifel Financial’s payout ratio is 30.38%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Stifel Financial from $108.00 to $113.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. TD Cowen raised their price target on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. JMP Securities upped their price objective on Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group increased their target price on Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. Finally, StockNews.com lowered Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $100.33.

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.