United Services Automobile Association Buys New Shares in Stifel Financial Corporation $SF

Key Points

• United Services Automobile Association invested approximately $628,000 in Stifel Financial Corporation, acquiring 6,685 shares of the company during the first quarter.
• Stifel Financial's stock currently has an average rating of "Moderate Buy" with a target price of $115.78 as per equity analysts.
• Stifel Financial recently declared a quarterly dividend of $0.46 per share, reflecting a dividend yield of 1.6% and a payout ratio of 35.66%.

United Services Automobile Association purchased a new stake in shares of Stifel Financial Corporation (NYSE:SF - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,685 shares of the financial services provider's stock, valued at approximately $628,000.

A number of other large investors have also recently modified their holdings of SF. AQR Capital Management LLC boosted its holdings in shares of Stifel Financial by 314.1% in the first quarter. AQR Capital Management LLC now owns 1,383,836 shares of the financial services provider's stock valued at $126,925,000 after purchasing an additional 1,049,665 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Stifel Financial by 47,124.2% in the first quarter. GAMMA Investing LLC now owns 425,018 shares of the financial services provider's stock valued at $40,062,000 after purchasing an additional 424,118 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Stifel Financial by 529.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 398,633 shares of the financial services provider's stock valued at $37,576,000 after purchasing an additional 335,257 shares during the period. Nuveen LLC purchased a new stake in shares of Stifel Financial in the first quarter valued at approximately $28,564,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Stifel Financial by 2.1% in the first quarter. Vanguard Group Inc. now owns 10,620,407 shares of the financial services provider's stock valued at $1,001,080,000 after purchasing an additional 217,415 shares during the period. Hedge funds and other institutional investors own 82.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SF. JMP Securities boosted their price target on Stifel Financial from $120.00 to $130.00 and gave the company a "market outperform" rating in a report on Monday, July 14th. Wells Fargo & Company boosted their price target on Stifel Financial from $102.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Stifel Nicolaus set a $135.00 price target on Stifel Financial in a report on Thursday, July 31st. Citigroup raised shares of Stifel Financial from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $115.00 to $135.00 in a research note on Thursday, July 31st. Finally, Wall Street Zen raised shares of Stifel Financial from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $115.78.

Stifel Financial Stock Down 0.0%

Shares of SF stock traded down $0.03 during trading hours on Friday, reaching $115.29. 858,559 shares of the company's stock were exchanged, compared to its average volume of 630,044. The stock's 50 day moving average is $112.27 and its 200-day moving average is $100.37. The company has a market cap of $11.78 billion, a price-to-earnings ratio of 22.34 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 fifty-two week low of $73.27 and a fifty-two week 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.65 by $0.06. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%.The business's quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.60 earnings per share. Analysts predict that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

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

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.