AEGON ASSET MANAGEMENT UK Plc Cuts Holdings in Stifel Financial Corporation $SF

AEGON ASSET MANAGEMENT UK Plc decreased its holdings in Stifel Financial Corporation (NYSE:SF) by 13.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 116,834 shares of the financial services provider’s stock after selling 17,829 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc’s holdings in Stifel Financial were worth $8,640,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SF. Advisory Services Network LLC purchased a new position in shares of Stifel Financial in the 3rd quarter valued at $29,000. Activest Wealth Management raised its position in shares of Stifel Financial by 12,000.0% in the 4th quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 240 shares in the last quarter. Pinnacle Holdings LLC purchased a new stake in shares of Stifel Financial during the 3rd quarter worth $32,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Stifel Financial during the 4th quarter worth $34,000. Finally, IAG Wealth Partners LLC bought a new stake in Stifel Financial during the third quarter valued at about $39,000. Institutional investors own 82.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Zacks Research upgraded Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. TD Cowen decreased their price target on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating for the company in a research report on Monday, March 23rd. Finally, UBS Group lowered their price target on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.15.

Stifel Financial Stock Performance

Shares of SF stock opened at $73.65 on Friday. Stifel Financial Corporation has a 12-month low of $64.36 and a 12-month high of $89.83. The business’s fifty day simple moving average is $74.90 and its 200-day simple moving average is $78.51. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The company has a market cap of $11.30 billion, a PE ratio of 14.33 and a beta of 1.00.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter last year, the firm earned $0.49 EPS. The business’s quarterly revenue was up 17.7% on a year-over-year basis. Analysts expect that Stifel Financial Corporation will post 6.25 earnings per share for the current fiscal year.

Stifel Financial Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.34 dividend. The ex-dividend date was Monday, June 1st. This represents a $1.36 dividend on an annualized basis and a yield of 1.8%. Stifel Financial’s dividend payout ratio (DPR) is 26.46%.

About Stifel Financial

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.