Universal Beteiligungs und Servicegesellschaft mbH Sells 1,606 Shares of Stifel Financial Corporation $SF

Universal Beteiligungs und Servicegesellschaft mbH lowered its holdings in shares of Stifel Financial Corporation (NYSE:SF) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,177 shares of the financial services provider’s stock after selling 1,606 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Stifel Financial were worth $10,396,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Persistent Asset Partners Ltd purchased a new stake in shares of Stifel Financial during the second quarter valued at $487,000. Cetera Investment Advisers lifted its holdings in Stifel Financial by 2.4% during the 2nd quarter. Cetera Investment Advisers now owns 12,394 shares of the financial services provider’s stock valued at $1,286,000 after buying an additional 289 shares in the last quarter. Creative Planning boosted its position in Stifel Financial by 36.3% in the 2nd quarter. Creative Planning now owns 28,116 shares of the financial services provider’s stock valued at $2,918,000 after buying an additional 7,493 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Stifel Financial by 8.1% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,394 shares of the financial services provider’s stock valued at $2,739,000 after buying an additional 1,970 shares during the period. Finally, Calamos Advisors LLC grew its stake in Stifel Financial by 53.4% in the 2nd quarter. Calamos Advisors LLC now owns 19,258 shares of the financial services provider’s stock worth $1,999,000 after acquiring an additional 6,705 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Trading Up 1.6%

Shares of NYSE:SF opened at $118.71 on Thursday. The company has a market capitalization of $12.09 billion, a PE ratio of 20.97 and a beta of 1.19. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. Stifel Financial Corporation has a 12-month low of $73.27 and a 12-month high of $125.73. The business’s fifty day simple moving average is $115.36 and its 200-day simple moving average is $108.59.

Stifel Financial (NYSE:SF) last issued its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $1.95 earnings per share 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 firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the business posted $1.50 EPS. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. As a group, equities research analysts predict that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. TD Cowen raised shares of Stifel Financial from a “hold” rating to a “buy” rating and lifted their price target for the company from $118.00 to $131.00 in a research note on Wednesday, October 8th. Wall Street Zen raised Stifel Financial from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. UBS Group set a $135.00 price target on Stifel Financial in a research report on Thursday, October 9th. Zacks Research upgraded Stifel Financial from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Finally, BMO Capital Markets initiated coverage on shares of Stifel Financial in a research note on Friday, October 3rd. They issued a “market perform” rating and a $121.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.