UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 212,819 Shares of Stifel Financial Corporation $SF

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Stifel Financial Corporation (NYSE:SF) by 51.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 623,009 shares of the financial services provider’s stock after buying an additional 212,819 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Stifel Financial were worth $43,467,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brown Brothers Harriman & Co. increased its position in Stifel Financial by 15.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 811 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 106 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Stifel Financial by 0.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 23,449 shares of the financial services provider’s stock valued at $2,936,000 after acquiring an additional 114 shares during the period. Principal Securities Inc. raised its holdings in Stifel Financial by 6.9% in the fourth quarter. Principal Securities Inc. now owns 1,926 shares of the financial services provider’s stock worth $241,000 after purchasing an additional 124 shares during the period. Clark Capital Management Group Inc. raised its stake in Stifel Financial by 3.8% during the 3rd quarter. Clark Capital Management Group Inc. now owns 3,642 shares of the financial services provider’s stock worth $413,000 after buying an additional 134 shares during the period. Finally, Crossmark Global Holdings Inc. raised its position in shares of Stifel Financial by 1.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 7,811 shares of the financial services provider’s stock worth $978,000 after purchasing an additional 140 shares during the period. 82.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Stifel Financial from $80.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Zacks Research raised Stifel Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. UBS Group set a $90.00 price target on Stifel Financial in a report on Thursday, July 23rd. Wall Street Zen cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a research report on Wednesday, August 26th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $91.90.

Insider Activity

In other news, Director Maryam S. Brown sold 4,700 shares of the stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $79.20, for a total value of $372,240.00. Following the completion of the transaction, the director directly owned 5,729 shares in the company, valued at approximately $453,736.80. This represents a 45.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.36% of the company’s stock.

Stifel Financial Price Performance

SF stock opened at $80.00 on Thursday. The company’s 50-day moving average price is $79.29 and its two-hundred day moving average price is $76.21. The firm has a market cap of $12.08 billion, a P/E ratio of 14.32 and a beta of 0.98. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33. Stifel Financial Corporation has a 12 month low of $67.81 and a 12 month high of $89.83.

Stifel Financial (NYSE:SF) last released its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.09. Stifel Financial had a return on equity of 19.22% and a net margin of 16.11%.The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the company earned $1.71 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. On average, analysts anticipate that Stifel Financial Corporation will post 6.36 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Tuesday, September 1st. Stifel Financial’s dividend payout ratio is currently 24.33%.

About Stifel Financial

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.