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

Several other hedge funds and other institutional investors have also recently bought and sold shares of SF. AQR Capital Management LLC lifted its position in 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 last quarter. GAMMA Investing LLC lifted its position in 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 last quarter. Price T Rowe Associates Inc. MD lifted its position in 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 last quarter. Nuveen LLC bought a new stake in Stifel Financial in the first quarter valued at approximately $28,564,000. Finally, Vanguard Group Inc. raised its holdings in shares of Stifel Financial by 2.1% during 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 acquiring an additional 217,415 shares in the last quarter. Institutional investors own 82.01% of the company's stock.

Stifel Financial Stock Down 0.5%

SF traded down $0.58 during trading on Monday, reaching $114.72. The stock had a trading volume of 87,755 shares, compared to its average volume of 779,997. The stock's 50 day moving average is $112.27 and its two-hundred day moving average is $100.31. 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 company has a market capitalization of $11.72 billion, a price-to-earnings ratio of 22.24 and a beta of 1.13. Stifel Financial Corporation has a one year low of $73.27 and a one year high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings data 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 during 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 firm's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.60 earnings per share. As a group, analysts expect that Stifel Financial Corporation will post 8.26 earnings per share for the current year.

Stifel Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a $0.46 dividend. The ex-dividend date is 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%.

Analyst Ratings Changes

A number of brokerages recently commented on SF. Stifel Nicolaus set a $135.00 target price on Stifel Financial in a report on Thursday, July 31st. Zacks Research downgraded Stifel Financial from a "strong-buy" rating to a "hold" rating in a report on Monday, September 8th. JMP Securities upped their target price on Stifel Financial from $120.00 to $130.00 and gave the company a "market outperform" rating in a report on Monday, July 14th. Citigroup upgraded Stifel Financial from a "neutral" rating to a "buy" rating and upped their target price for the company from $115.00 to $135.00 in a report on Thursday, July 31st. Finally, Wall Street Zen upgraded Stifel Financial from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $115.78.

About Stifel Financial

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.