Stifel Financial Corporation $SF Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

Key Points

• UBS Asset Management increased its Stifel Financial stake by 51.9% in the second quarter, purchasing 212,819 additional shares for a total holding of 623,009 shares worth approximately $43.5 million. Institutional investors collectively own 82.01% of the company.
• Stifel Financial reported quarterly EPS of $1.42, exceeding estimates of $1.33, while revenue rose 13% year over year to $1.45 billion. The company also declared a quarterly dividend of $0.34 per share, representing a 1.7% annualized yield.
• Analysts maintain a consensus “Moderate Buy” rating with a $91.90 price target, compared with shares opening at $80.00. Director Maryam S. Brown separately sold 4,700 shares at an average price of $79.20.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Stifel Financial Corporation (NYSE:SF - Free Report) by 51.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 623,009 shares of the financial services provider's stock after buying an additional 212,819 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.41% of Stifel Financial worth $43,467,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SF. Van ECK Associates Corp increased its holdings in Stifel Financial by 19.1% during the 2nd quarter. Van ECK Associates Corp now owns 175,822 shares of the financial services provider's stock worth $12,267,000 after purchasing an additional 28,137 shares during the last quarter. Hsbc Holdings PLC raised its stake in Stifel Financial by 36.9% during the second quarter. Hsbc Holdings PLC now owns 111,311 shares of the financial services provider's stock worth $7,796,000 after acquiring an additional 29,981 shares during the period. Kingsview Wealth Management LLC bought a new stake in shares of Stifel Financial in the 2nd quarter worth approximately $4,379,000. Empowered Funds LLC bought a new stake in Stifel Financial in the second quarter valued at $571,000. Finally, United Capital Financial Advisors LLC bought a new stake in Stifel Financial in the 2nd quarter valued at about $1,007,000. Hedge funds and other institutional investors own 82.01% of the company's stock.

Insider Activity

In other Stifel Financial news, Director Maryam S. Brown sold 4,700 shares of Stifel Financial stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total transaction of $372,240.00. Following the sale, the director owned 5,729 shares in the company, valued at $453,736.80. The trade was a 45.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.36% of the company's stock.

Analysts Set New Price Targets

SF has been the topic of several recent analyst reports. Zacks Research raised Stifel Financial from a "strong sell" rating to a "hold" rating in a research note on Wednesday, May 20th. JPMorgan Chase & Co. increased their target price on shares of Stifel Financial from $80.00 to $86.00 and gave the company a "neutral" rating in a research note on Thursday, July 23rd. Wall Street Zen lowered Stifel Financial from a "buy" rating to a "hold" rating in a research report on Sunday, August 9th. UBS Group set a $90.00 price objective on shares of Stifel Financial in a research note on Thursday, July 23rd. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Stifel Financial in a research note on Wednesday, August 26th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.90.

Stifel Financial Stock Performance

Shares of NYSE SF opened at $80.00 on Thursday. Stifel Financial Corporation has a 52 week low of $67.81 and a 52 week high of $89.83. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.88. The business's 50-day simple moving average is $79.29 and its 200-day simple moving average is $76.21. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 14.32 and a beta of 0.98.

Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.09. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. Stifel Financial had a net margin of 16.11% and a return on equity of 19.22%. The company's quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.71 earnings per share. As a group, equities research analysts expect that Stifel Financial Corporation will post 6.36 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. Stifel Financial's dividend payout ratio (DPR) is 24.33%.

Stifel Financial 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.

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