UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Sells 6,212 Shares of Stifel Financial Corporation $SF

Key Points

• UBS AM reduced its stake in Stifel Financial Corporation by 2.0%, holding approximately 309,443 shares valued at $29.2 million after selling 6,212 shares in Q1.
• Stifel Financial's stock received multiple **upgrades** from analysts, including a price target increase to $135.00 from Citigroup, which upgraded the stock from "neutral" to "buy."
• The company announced a quarterly dividend of $0.46, representing an annualized yield of 1.6% with a payout ratio of 35.66%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC cut its holdings in Stifel Financial Corporation (NYSE:SF - Free Report) by 2.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 309,443 shares of the financial services provider's stock after selling 6,212 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.30% of Stifel Financial worth $29,168,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. NBC Securities Inc. bought a new position in shares of Stifel Financial during the first quarter worth approximately $26,000. Alpine Bank Wealth Management bought a new stake in shares of Stifel Financial in the first quarter valued at approximately $27,000. Allworth Financial LP boosted its stake 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 buying an additional 136 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Stifel Financial by 123.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider's stock valued at $31,000 after buying an additional 183 shares during the period. Finally, Bessemer Group Inc. boosted its stake in shares of Stifel Financial by 53.0% in the first quarter. Bessemer Group Inc. now owns 491 shares of the financial services provider's stock valued at $46,000 after buying an additional 170 shares during the period. Institutional investors and hedge funds own 82.01% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SF. Wall Street Zen upgraded Stifel Financial from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. Zacks Research cut shares of Stifel Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Wells Fargo & Company boosted their price objective on shares of Stifel Financial from $102.00 to $125.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Citigroup upgraded shares of Stifel Financial from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $115.00 to $135.00 in a research report on Thursday, July 31st. Finally, Stifel Nicolaus set a $135.00 price objective on shares of Stifel Financial in a research report on Thursday, July 31st. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Stifel Financial has a consensus rating of "Hold" and an average price target of $115.78.

Stifel Financial Trading Down 0.5%

NYSE:SF traded down $0.59 on Friday, reaching $114.98. 501,872 shares of the stock traded hands, compared to its average volume of 779,115. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $11.75 billion, a price-to-earnings ratio of 22.28 and a beta of 1.13. The company's 50 day moving average is $112.73 and its 200-day moving average is $100.63. 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 issued its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.71 EPS for the quarter, beating analysts' consensus estimates of $1.65 by $0.06. The business had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.25 billion. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. The business's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.60 earnings per share. Equities research analysts anticipate that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.84 dividend on an annualized basis and a yield of 1.6%. Stifel Financial's dividend payout ratio is 35.66%.

Stifel Financial Company 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.