UBS Asset Management Americas Inc. raised its position in shares of Stifel (NYSE:SF) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,976 shares of the financial services provider’s stock after acquiring an additional 2,357 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.07% of Stifel worth $3,036,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Stifel by 2.9% during the 4th quarter. BlackRock Inc. now owns 7,263,723 shares of the financial services provider’s stock worth $432,628,000 after purchasing an additional 206,402 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Stifel by 2.2% during the 4th quarter. Bank of New York Mellon Corp now owns 990,618 shares of the financial services provider’s stock worth $59,001,000 after purchasing an additional 20,908 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Stifel by 27.2% during the 4th quarter. Arizona State Retirement System now owns 49,281 shares of the financial services provider’s stock worth $2,935,000 after purchasing an additional 10,540 shares in the last quarter. Capital Fund Management S.A. bought a new position in shares of Stifel during the 4th quarter worth about $1,435,000. Finally, Intrust Bank NA bought a new position in shares of Stifel during the 4th quarter worth about $231,000. 86.00% of the stock is currently owned by institutional investors and hedge funds.
Shares of SF traded down $1.66 on Friday, reaching $56.42. The company’s stock had a trading volume of 462,729 shares, compared to its average volume of 463,841. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.69 and a quick ratio of 0.62. Stifel has a twelve month low of $41.93 and a twelve month high of $68.76. The firm has a market capitalization of $4,173.10, a PE ratio of 14.14, a P/E/G ratio of 0.97 and a beta of 1.72.
Stifel (NYSE:SF) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $1.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.55. Stifel had a net margin of 6.25% and a return on equity of 12.04%. The company had revenue of $804.10 million for the quarter, compared to analyst estimates of $745.44 million. During the same quarter in the prior year, the business posted $0.68 EPS. The firm’s revenue was up 21.6% compared to the same quarter last year. analysts expect that Stifel will post 5 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Wednesday, February 28th. This is a positive change from Stifel’s previous quarterly dividend of $0.10. Stifel’s dividend payout ratio is currently 12.03%.
A number of research firms have recently issued reports on SF. Zacks Investment Research cut shares of Stifel from a “buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine cut shares of Stifel from a “buy” rating to a “hold” rating in a research report on Friday, March 23rd. Nomura increased their price objective on shares of Stifel from $77.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Wells Fargo increased their price objective on shares of Stifel from $71.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Finally, Goldman Sachs raised shares of Stifel from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $56.00 to $77.00 in a research report on Monday, January 8th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $71.20.
In related news, Vice Chairman Ben A. Plotkin sold 9,012 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $63.30, for a total value of $570,459.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 3.60% of the company’s stock.
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Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.
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