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

Van Lanschot Kempen Investment Management N.V. reduced its position in shares of Stifel Financial Corporation (NYSE:SF) by 34.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 352,368 shares of the financial services provider’s stock after selling 188,827 shares during the period. Van Lanschot Kempen Investment Management N.V. owned 0.35% of Stifel Financial worth $44,124,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in SF. NewEdge Advisors LLC lifted its position in shares of Stifel Financial by 5.8% during the first quarter. NewEdge Advisors LLC now owns 2,673 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 147 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Stifel Financial by 1,162.6% during the 1st quarter. Jones Financial Companies Lllp now owns 2,702 shares of the financial services provider’s stock worth $255,000 after purchasing an additional 2,488 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Stifel Financial by 106.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 974 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 503 shares during the period. First Trust Advisors LP raised its stake in shares of Stifel Financial by 86.5% during the 2nd quarter. First Trust Advisors LP now owns 128,630 shares of the financial services provider’s stock worth $13,349,000 after purchasing an additional 59,662 shares during the period. Finally, Amundi grew its position in Stifel Financial by 51.0% during the second quarter. Amundi now owns 31,906 shares of the financial services provider’s stock valued at $3,425,000 after buying an additional 10,771 shares during the period. 82.01% of the stock is owned by institutional investors.

Stifel Financial Stock Up 1.7%

SF opened at $72.60 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. The stock has a market cap of $11.14 billion, a price-to-earnings ratio of 14.13 and a beta of 1.00. Stifel Financial Corporation has a twelve month low of $62.90 and a twelve month high of $89.83. The company’s 50-day moving average price is $74.98 and its two-hundred day moving average price is $78.75.

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

Stifel Financial Cuts Dividend

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on SF. Weiss Ratings restated a “buy (b-)” rating on shares of Stifel Financial in a research report on Friday, May 29th. Zacks Research upgraded shares of Stifel Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. UBS Group dropped their target price on shares of Stifel Financial from $100.00 to $89.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. Finally, TD Cowen dropped their target price on shares of Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a research note on Monday, March 23rd. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Stifel Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.15.

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.