UBS Group AG Has $46.12 Million Stock Holdings in Stifel Financial Corporation $SF

Key Points

• UBS Group AG reduced its stake in Stifel by 34.6% in Q4, selling 195,113 shares and now holding 368,306 shares worth $46.12 million, about 0.36% of the company.
• Stifel beat EPS estimates with $1.45 for the quarter (vs. $1.39 est.) but reported revenue of $1.44 billion (below forecasts) while revenue rose 17.7% YoY; analysts' consensus is a Moderate Buy with an average price target of $91.15.

UBS Group AG decreased its holdings in shares of Stifel Financial Corporation (NYSE:SF - Free Report) by 34.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 368,306 shares of the financial services provider's stock after selling 195,113 shares during the quarter. UBS Group AG owned approximately 0.36% of Stifel Financial worth $46,119,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Advisory Services Network LLC acquired a new position in Stifel Financial during the third quarter worth $29,000. Pinnacle Holdings LLC bought a new stake in shares of Stifel Financial during the 3rd quarter worth about $32,000. Root Financial Partners LLC acquired a new position in shares of Stifel Financial during the 3rd quarter valued at about $37,000. IAG Wealth Partners LLC bought a new position in shares of Stifel Financial in the 3rd quarter valued at approximately $39,000. Finally, BOKF NA lifted its holdings in Stifel Financial by 1,626.9% in the 3rd quarter. BOKF NA now owns 449 shares of the financial services provider's stock worth $51,000 after purchasing an additional 423 shares during the last quarter. Institutional investors own 82.01% of the company's stock.

Stifel Financial Stock Up 1.0%

Shares of SF stock opened at $78.55 on Thursday. Stifel Financial Corporation has a 12 month low of $59.15 and a 12 month high of $89.83. 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 firm has a market cap of $12.05 billion, a PE ratio of 15.28 and a beta of 1.05. The stock has a 50 day moving average of $75.28 and a 200-day moving average of $79.97.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.06. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. Stifel Financial's quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the company posted $0.49 earnings per share. On average, equities analysts predict that Stifel Financial Corporation will post 6.25 EPS for the current year.

Stifel Financial Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.34 per share. The ex-dividend date is Monday, June 1st. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. Stifel Financial's payout ratio is presently 26.46%.

Wall Street Analyst Weigh In

Several brokerages have commented on SF. Stifel Nicolaus set a $92.00 price target on Stifel Financial in a report on Wednesday, January 14th. TD Cowen lowered 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. Weiss Ratings raised shares of Stifel Financial from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, March 2nd. Citigroup restated an "outperform" rating on shares of Stifel Financial in a report on Monday, January 12th. Finally, UBS Group lowered their price target on Stifel Financial from $100.00 to $89.00 and set a "buy" rating on the stock in a research report on Wednesday, April 8th. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $91.15.

Stifel Financial Company 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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