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 reduced its holdings in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 2.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 0.30% of Stifel Financial worth $29,168,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SF. NBC Securities Inc. bought a new position in shares of Stifel Financial during the 1st quarter worth about $26,000. Alpine Bank Wealth Management bought a new position in Stifel Financial in the 1st quarter valued at about $27,000. Allworth Financial LP lifted its position in Stifel Financial by 67.7% in the 1st quarter. Allworth Financial LP now owns 337 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 136 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Stifel Financial by 123.6% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 183 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in Stifel Financial by 53.0% in the 1st quarter. Bessemer Group Inc. now owns 491 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 170 shares in the last quarter. Institutional investors own 82.01% of the company's stock.

Stifel Financial Stock Performance

Shares of SF stock traded down $0.68 during trading hours on Friday, hitting $114.89. The company's stock had a trading volume of 2,585,811 shares, compared to its average volume of 631,954. The company has a 50 day moving average of $112.86 and a 200 day moving average of $100.74. The stock has a market cap of $11.74 billion, a PE ratio of 22.26 and a beta of 1.13. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. Stifel Financial Corporation has a 12-month low of $73.27 and a 12-month high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last posted its earnings results on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.06. The firm had revenue of $1.28 billion during 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 revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.60 EPS. On average, sell-side analysts forecast that Stifel Financial Corporation will post 8.26 EPS for the current fiscal year.

Stifel Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued 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 (DPR) is presently 35.66%.

Analysts Set New Price Targets

SF has been the topic of several recent analyst reports. Citigroup raised shares of Stifel Financial from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $115.00 to $135.00 in a research report on Thursday, July 31st. 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. Wall Street Zen upgraded shares of Stifel Financial from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. Zacks Research downgraded shares of Stifel Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Finally, Stifel Nicolaus set a $135.00 price objective on shares of Stifel Financial in a research note on Thursday, July 31st. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $115.78.

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.