AEGON ASSET MANAGEMENT UK Plc Sells 2,250 Shares of Stifel Financial Corp. (NYSE:SF)

AEGON ASSET MANAGEMENT UK Plc trimmed its stake in shares of Stifel Financial Corp. (NYSE:SF) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 owned approximately 0.26% of Stifel Financial worth $28,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of SF. CIBC Asset Management Inc grew its holdings in shares of Stifel Financial by 3.5% in the third quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 102 shares during the last quarter. GAMMA Investing LLC boosted its position in Stifel Financial by 27.7% during the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock valued at $47,000 after buying an additional 109 shares during the period. Tributary Capital Management LLC boosted its position in Stifel Financial by 1.0% during the 3rd quarter. Tributary Capital Management LLC now owns 12,603 shares of the financial services provider’s stock valued at $1,183,000 after buying an additional 126 shares during the period. CWM LLC grew its holdings in Stifel Financial by 3.8% in the 3rd quarter. CWM LLC now owns 3,940 shares of the financial services provider’s stock worth $370,000 after acquiring an additional 145 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Stifel Financial by 46.5% in the fourth quarter. Versant Capital Management Inc now owns 457 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 145 shares during the period. 82.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. StockNews.com lowered shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. began coverage on Stifel Financial in a report on Tuesday, December 10th. They issued a “neutral” rating and a $120.00 price objective for the company. JMP Securities boosted their target price 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. Citigroup upped their target price 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 lifted their price target on shares of Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Stifel Financial has an average rating of “Hold” and an average price target of $107.14.

Stifel Financial Price Performance

SF opened at $114.21 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. The company has a market cap of $11.69 billion, a price-to-earnings ratio of 20.65 and a beta of 1.11. The stock has a fifty day simple moving average of $110.69 and a two-hundred day simple moving average of $98.67. Stifel Financial Corp. has a 12-month low of $71.36 and a 12-month high of $119.12.

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

Stifel Financial Announces Dividend

The company also recently disclosed 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. This represents a $1.68 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Monday, December 2nd. Stifel Financial’s dividend payout ratio (DPR) is 30.38%.

Insider Buying and Selling at Stifel Financial

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of the stock in a transaction 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 sale, the chief operating officer now directly owns 159,619 shares in the company, valued at approximately $18,544,535.42. This trade represents a 13.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.57% of the stock is owned by company insiders.

Stifel Financial Company 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.