Stifel Financial Corp. (NYSE:SF) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Stifel Financial Corp. (NYSE:SF - Free Report) by 13.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 315,655 shares of the financial services provider's stock after purchasing an additional 37,311 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.31% of Stifel Financial worth $33,485,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in Stifel Financial in the fourth quarter valued at $26,000. Bessemer Group Inc. increased its position in Stifel Financial by 52.1% in the 4th quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 110 shares during the period. Quarry LP acquired a new position in Stifel Financial in the 4th quarter valued at about $49,000. Smartleaf Asset Management LLC increased its position in Stifel Financial by 26.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider's stock valued at $56,000 after acquiring an additional 111 shares during the period. Finally, Brown Brothers Harriman & Co. increased its position in Stifel Financial by 84.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 553 shares of the financial services provider's stock valued at $59,000 after acquiring an additional 253 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wells Fargo & Company dropped their target price on Stifel Financial from $106.00 to $102.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Citigroup dropped their price objective on shares of Stifel Financial from $125.00 to $105.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Wolfe Research upgraded shares of Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price target on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. dropped their price target on shares of Stifel Financial from $123.00 to $100.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, Wall Street Zen upgraded Stifel Financial from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $105.50.

Stifel Financial Price Performance

Shares of SF traded down $0.69 on Friday, reaching $94.25. The stock had a trading volume of 563,808 shares, compared to its average volume of 676,494. The firm has a market capitalization of $9.68 billion, a PE ratio of 15.10 and a beta of 1.07. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average of $89.62 and a 200 day moving average of $101.83. Stifel Financial Corp. has a twelve month low of $73.27 and a twelve month high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($1.15). The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.32 billion. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the company posted $1.49 EPS. Sell-side analysts expect that Stifel Financial Corp. will post 8.26 EPS for the current year.

Stifel Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.46 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.84 dividend on an annualized basis and a yield of 1.95%. Stifel Financial's payout ratio is 35.18%.

Stifel Financial 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.