AEGON ASSET MANAGEMENT UK Plc Decreases Stock Holdings in Stifel Financial Corp. (NYSE:SF)

AEGON ASSET MANAGEMENT UK Plc lowered its stake in Stifel Financial Corp. (NYSE:SF) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 269,430 shares of the financial services provider’s stock after selling 2,250 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc’s holdings in Stifel Financial were worth $28,573,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. CIBC Asset Management Inc lifted its holdings in shares of Stifel Financial by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider’s stock valued at $283,000 after buying an additional 102 shares during the period. GAMMA Investing LLC increased its position in Stifel Financial by 27.7% during the third quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 109 shares during the last quarter. Tributary Capital Management LLC boosted its position in Stifel Financial by 1.0% in the third 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 during the last quarter. CWM LLC grew its stake in shares of Stifel Financial by 3.8% during the 3rd quarter. CWM LLC now owns 3,940 shares of the financial services provider’s stock valued at $370,000 after purchasing an additional 145 shares during the period. Finally, Versant Capital Management Inc grew 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 during the period. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Down 0.6 %

NYSE SF opened at $114.21 on Friday. Stifel Financial Corp. has a 52 week low of $71.36 and a 52 week high of $119.12. The firm has a market capitalization of $11.69 billion, a price-to-earnings ratio of 20.65 and a beta of 1.11. 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 company has a fifty day moving average of $110.69 and a two-hundred day moving average of $98.67.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.10). The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.60 earnings per share. On average, analysts predict that Stifel Financial Corp. will post 6.54 earnings per share for the current year.

Stifel Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.42 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.47%. Stifel Financial’s dividend payout ratio is 30.38%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. StockNews.com lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. JMP Securities boosted their price objective on shares of Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. started coverage on Stifel Financial in a report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 target price on the stock. Citigroup boosted their price target on Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Finally, TD Cowen raised their price objective on Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Stifel Financial currently has a consensus rating of “Hold” and a consensus target price of $107.14.

Insider Transactions at Stifel Financial

In other news, COO David D. Sliney sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $116.18, for a total value of $2,904,500.00. Following the transaction, the chief operating officer now directly owns 159,619 shares in the company, valued at approximately $18,544,535.42. This represents a 13.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.57% of the company’s stock.

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.