Van Lanschot Kempen Investment Management N.V. Sells 188,827 Shares of Stifel Financial Corporation $SF

Van Lanschot Kempen Investment Management N.V. lowered its holdings in Stifel Financial Corporation (NYSE:SF) by 34.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 352,368 shares of the financial services provider’s stock after selling 188,827 shares during the quarter. Van Lanschot Kempen Investment Management N.V.’s holdings in Stifel Financial were worth $44,124,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of SF. Norges Bank bought a new stake in shares of Stifel Financial in the fourth quarter valued at approximately $172,446,000. Ceredex Value Advisors LLC bought a new stake in shares of Stifel Financial in the third quarter valued at approximately $56,126,000. Wellington Management Group LLP raised its position in shares of Stifel Financial by 13.8% in the third quarter. Wellington Management Group LLP now owns 3,451,787 shares of the financial services provider’s stock valued at $391,674,000 after purchasing an additional 419,038 shares during the period. UBS Group AG raised its position in shares of Stifel Financial by 206.9% in the third quarter. UBS Group AG now owns 563,419 shares of the financial services provider’s stock valued at $63,931,000 after purchasing an additional 379,817 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Stifel Financial by 26.8% in the third quarter. AQR Capital Management LLC now owns 1,485,503 shares of the financial services provider’s stock valued at $168,560,000 after purchasing an additional 314,031 shares during the period. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Stock Performance

Stifel Financial stock opened at $72.60 on Friday. The firm’s 50 day simple moving average is $74.98 and its 200 day simple moving average is $78.75. 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 firm has a market capitalization of $11.14 billion, a PE ratio of 14.13 and a beta of 1.00. Stifel Financial Corporation has a 1-year low of $62.90 and a 1-year high of $89.83.

Stifel Financial (NYSE:SF) last posted its earnings results 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. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.51 billion. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. Stifel Financial’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 EPS. As a group, analysts expect that Stifel Financial Corporation will post 6.25 earnings per share for the current fiscal year.

Stifel Financial Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, June 1st. Stifel Financial’s dividend payout ratio is 26.46%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SF. 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 research report on Wednesday, April 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a research note on Friday, May 29th. Zacks Research raised shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, TD Cowen decreased their target price on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a report on Monday, March 23rd. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.15.

Stifel Financial Company Profile

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.