UBS Group AG Sells 195,113 Shares of Stifel Financial Corporation $SF

UBS Group AG lowered its position in Stifel Financial Corporation (NYSE:SF) by 34.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 368,306 shares of the financial services provider’s stock after selling 195,113 shares during the quarter. UBS Group AG’s holdings in Stifel Financial were worth $46,119,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC raised its stake in shares of Stifel Financial by 5.8% in the first quarter. NewEdge Advisors LLC now owns 2,673 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 147 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Stifel Financial by 1,162.6% in the 1st quarter. Jones Financial Companies Lllp now owns 2,702 shares of the financial services provider’s stock valued at $255,000 after buying an additional 2,488 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Stifel Financial by 106.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 974 shares of the financial services provider’s stock valued at $101,000 after buying an additional 503 shares during the period. First Trust Advisors LP raised its stake in shares of Stifel Financial by 86.5% in the 2nd quarter. First Trust Advisors LP now owns 128,630 shares of the financial services provider’s stock valued at $13,349,000 after buying an additional 59,662 shares in the last quarter. Finally, Amundi lifted its holdings in shares of Stifel Financial by 51.0% during the 2nd quarter. Amundi now owns 31,906 shares of the financial services provider’s stock worth $3,425,000 after acquiring an additional 10,771 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Zacks Research lowered shares of Stifel Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 21st. Weiss Ratings upgraded shares of Stifel Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Stifel Nicolaus set a $92.00 price objective on Stifel Financial in a report on Wednesday, January 14th. TD Cowen lowered their price objective on Stifel Financial from $136.00 to $92.00 and set a “hold” rating on the stock in a research note on Monday, March 23rd. Finally, JPMorgan Chase & Co. increased their target price on Stifel Financial from $88.67 to $90.67 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $91.15.

Stifel Financial Stock Up 1.0%

SF opened at $78.55 on Thursday. The firm has a market cap of $12.05 billion, a price-to-earnings ratio of 15.28 and a beta of 1.05. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. The firm’s 50-day simple moving average is $75.28 and its 200-day simple moving average is $79.97. Stifel Financial Corporation has a twelve month low of $59.15 and a twelve month high of $89.83.

Stifel Financial (NYSE:SF) last released its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.51 billion. Stifel Financial had a net margin of 15.34% and a return on equity of 18.76%. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 earnings per share. Equities research analysts anticipate that Stifel Financial Corporation will post 6.25 EPS for the current fiscal year.

Stifel Financial Cuts Dividend

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

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.