Universal Beteiligungs und Servicegesellschaft mbH Trims Position in Stifel Financial Corporation $SF

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in shares of Stifel Financial Corporation (NYSE:SF) by 1.6% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 100,177 shares of the financial services provider’s stock after selling 1,606 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.10% of Stifel Financial worth $10,396,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in 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 during the period. Boston Partners grew its position in shares of Stifel Financial by 2,727.0% during the second quarter. Boston Partners now owns 2,326,249 shares of the financial services provider’s stock worth $241,468,000 after purchasing an additional 2,243,961 shares in the last quarter. Geode Capital Management LLC raised its stake in Stifel Financial by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,797,528 shares of the financial services provider’s stock valued at $186,578,000 after purchasing an additional 9,188 shares during the period. AQR Capital Management LLC raised its stake in Stifel Financial by 314.1% during the 1st 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 period. Finally, Invesco Ltd. lifted its holdings in Stifel Financial by 0.3% in the 1st quarter. Invesco Ltd. now owns 1,211,580 shares of the financial services provider’s stock worth $114,204,000 after purchasing an additional 4,115 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

Stifel Financial Price Performance

Shares of Stifel Financial stock opened at $118.71 on Thursday. The stock has a 50 day moving average price of $115.36 and a 200-day moving average price of $108.59. Stifel Financial Corporation has a one year low of $73.27 and a one year high of $125.73. The stock has a market cap of $12.09 billion, a price-to-earnings ratio of 20.97 and a beta of 1.19. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.82.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.06. Stifel Financial had a return on equity of 15.06% and a net margin of 12.44%.The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the company earned $1.50 earnings per share. Stifel Financial’s revenue was up 16.7% on a year-over-year basis. Equities analysts expect that Stifel Financial Corporation will post 8.26 EPS for the current year.

Stifel Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.6%. Stifel Financial’s payout ratio is currently 32.51%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SF. Stifel Nicolaus set a $131.00 price objective on shares of Stifel Financial in a report on Wednesday, October 8th. BMO Capital Markets started coverage on shares of Stifel Financial in a report on Friday, October 3rd. They issued a “market perform” rating and a $121.00 price target on the stock. TD Cowen upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating and boosted their price target for the stock from $118.00 to $131.00 in a research note on Wednesday, October 8th. Cowen upgraded Stifel Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, October 8th. Finally, JMP Securities lifted their price objective on Stifel Financial from $130.00 to $135.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Stifel Financial currently has an average rating of “Moderate Buy” and a consensus price target of $125.90.

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.