Stifel Financial Corporation $SF Shares Sold by AEGON ASSET MANAGEMENT UK Plc

Key Points

• AEGON ASSET MANAGEMENT UK Plc has significantly reduced its stake in Stifel Financial Corporation by 66.6%, owning 139,203 shares valued at $14.4 million after selling 277,490 shares.
• Stifel Financial has received a consensus rating of "Moderate Buy" from analysts, with a target price averaging $122.60, while six analysts rate it as a Buy and six as a Hold.
• The company recently declared a $0.46 quarterly dividend, reflecting an annualized dividend of $1.84 and a yield of 1.7%.

AEGON ASSET MANAGEMENT UK Plc reduced its position in Stifel Financial Corporation (NYSE:SF - Free Report) by 66.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 139,203 shares of the financial services provider's stock after selling 277,490 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned about 0.14% of Stifel Financial worth $14,441,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SF. Alpine Bank Wealth Management acquired a new stake in shares of Stifel Financial in the first quarter valued at approximately $27,000. Allworth Financial LP boosted its holdings in shares of Stifel Financial by 67.7% in the first quarter. Allworth Financial LP now owns 337 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 136 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Stifel Financial by 53.0% during the first quarter. Bessemer Group Inc. now owns 491 shares of the financial services provider's stock worth $46,000 after purchasing an additional 170 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Stifel Financial by 40.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 466 shares of the financial services provider's stock worth $48,000 after purchasing an additional 135 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Stifel Financial during the first quarter worth $68,000. 82.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SF shares. BMO Capital Markets started coverage on Stifel Financial in a report on Friday, October 3rd. They set a "market perform" rating and a $121.00 price target for the company. Cowen raised Stifel Financial from a "hold" rating to a "buy" rating in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Stifel Financial in a report on Wednesday, October 8th. TD Cowen raised Stifel Financial from a "hold" rating to a "buy" rating and increased their price target for the stock from $118.00 to $131.00 in a report on Wednesday, October 8th. Finally, UBS Group set a $135.00 price target on Stifel Financial in a report on Thursday, October 9th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $122.60.

Stifel Financial Trading Up 1.4%

NYSE:SF opened at $111.04 on Wednesday. The stock has a fifty day moving average price of $113.30 and a two-hundred day moving average price of $102.54. The stock has a market capitalization of $11.34 billion, a price-to-earnings ratio of 21.52 and a beta of 1.13. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.82. Stifel Financial Corporation has a 1 year low of $73.27 and a 1 year high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.06. The firm had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.25 billion. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%.Stifel Financial's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.60 earnings per share. As a group, sell-side analysts anticipate that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a $0.46 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.7%. Stifel Financial's dividend payout ratio (DPR) is currently 35.66%.

About Stifel Financial

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.

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