Universal Beteiligungs und Servicegesellschaft mbH Takes $9.59 Million Position in Stifel Financial Corporation (NYSE:SF)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 101,783 shares of Stifel Financial Corporation for approximately $9.6 million, gaining a 0.10% ownership stake in the company.
• Multiple hedge funds, including Norges Bank and FMR LLC, have significantly increased their holdings in Stifel Financial, reflecting a strong institutional interest in the stock.
• Stifel Financial recently announced a quarterly dividend of $0.46 per share, indicating a 1.63% yield based on its annualized dividend payout ratio of 35.18%.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Stifel Financial Corporation (NYSE:SF - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 101,783 shares of the financial services provider's stock, valued at approximately $9,594,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.10% of Stifel Financial at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC lifted its holdings in Stifel Financial by 8.5% during the 4th quarter. FMR LLC now owns 8,628,832 shares of the financial services provider's stock worth $915,346,000 after purchasing an additional 672,420 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Stifel Financial by 32.2% during the 4th quarter. Wellington Management Group LLP now owns 2,588,964 shares of the financial services provider's stock worth $274,637,000 after purchasing an additional 630,255 shares during the last quarter. Norges Bank acquired a new position in shares of Stifel Financial in the fourth quarter valued at about $137,448,000. Invesco Ltd. grew its stake in shares of Stifel Financial by 18.2% in the fourth quarter. Invesco Ltd. now owns 1,207,465 shares of the financial services provider's stock valued at $128,088,000 after acquiring an additional 186,352 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Stifel Financial by 14.8% in the fourth quarter. Northern Trust Corp now owns 1,128,978 shares of the financial services provider's stock valued at $119,762,000 after acquiring an additional 145,902 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Stifel Financial

In other news, Director Michael J. Zimmerman sold 10,000 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $96.69, for a total transaction of $966,900.00. Following the completion of the transaction, the director owned 45,833 shares of the company's stock, valued at approximately $4,431,592.77. The trade was a 17.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.57% of the company's stock.

Stifel Financial Price Performance

Stifel Financial stock traded down $0.83 during trading hours on Tuesday, reaching $110.88. 141,432 shares of the stock were exchanged, compared to its average volume of 789,802. The company has a market cap of $11.39 billion, a P/E ratio of 21.20 and a beta of 1.09. The company has a current ratio of 0.81, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. Stifel Financial Corporation has a twelve month low of $73.27 and a twelve month high of $120.64. The stock has a 50 day moving average of $101.75 and a two-hundred day moving average of $99.71.

Stifel Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.46 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.66%. Stifel Financial's dividend payout ratio (DPR) is currently 35.18%.

Analyst Ratings Changes

Several research firms recently commented on SF. The Goldman Sachs Group decreased their price target on shares of Stifel Financial from $121.00 to $105.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Wolfe Research upgraded shares of Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 price target on the stock in a research note on Thursday, April 24th. JMP Securities upped their price target on shares of Stifel Financial from $120.00 to $130.00 and gave the company a "market outperform" rating in a research note on Monday, July 14th. Wells Fargo & Company upped their price target on shares of Stifel Financial from $102.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Finally, Citigroup upped their price target on shares of Stifel Financial from $94.00 to $115.00 and gave the company a "neutral" rating in a research note on Monday, July 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Stifel Financial has an average rating of "Hold" and a consensus price target of $110.88.

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.