United Services Automobile Association Has $601,000 Stock Holdings in Stifel Financial Corp. (NYSE:SF)

United Services Automobile Association boosted its stake in Stifel Financial Corp. (NYSE:SF – Get Rating) by 3.6% in the third quarter, HoldingsChannel reports. The firm owned 11,577 shares of the financial services provider’s stock after buying an additional 398 shares during the period. United Services Automobile Association’s holdings in Stifel Financial were worth $601,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Brown Advisory Inc. lifted its stake in shares of Stifel Financial by 1.4% in the third quarter. Brown Advisory Inc. now owns 12,734 shares of the financial services provider’s stock valued at $661,000 after buying an additional 180 shares in the last quarter. First National Bank of Omaha lifted its position in shares of Stifel Financial by 0.5% during the second quarter. First National Bank of Omaha now owns 39,660 shares of the financial services provider’s stock valued at $2,221,000 after purchasing an additional 194 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Stifel Financial by 0.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 34,800 shares of the financial services provider’s stock valued at $1,949,000 after purchasing an additional 207 shares in the last quarter. Inspire Investing LLC lifted its position in shares of Stifel Financial by 6.0% during the third quarter. Inspire Investing LLC now owns 3,980 shares of the financial services provider’s stock valued at $207,000 after purchasing an additional 227 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Stifel Financial by 9.9% during the third quarter. Van ECK Associates Corp now owns 3,074 shares of the financial services provider’s stock valued at $160,000 after purchasing an additional 277 shares in the last quarter. 83.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Stifel Financial

In other Stifel Financial news, CEO Ronald J. Kruszewski bought 10,000 shares of Stifel Financial stock in a transaction dated Friday, March 10th. The stock was purchased at an average price of $59.00 per share, for a total transaction of $590,000.00. Following the completion of the purchase, the chief executive officer now directly owns 1,374,826 shares of the company’s stock, valued at $81,114,734. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Stifel Financial news, CEO Ronald J. Kruszewski bought 2,500 shares of Stifel Financial stock in a transaction dated Monday, March 13th. The shares were purchased at an average cost of $55.00 per share, with a total value of $137,500.00. Following the transaction, the chief executive officer now directly owns 1,377,326 shares of the company’s stock, valued at $75,752,930. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ronald J. Kruszewski acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The shares were purchased at an average cost of $59.00 per share, for a total transaction of $590,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,374,826 shares in the company, valued at approximately $81,114,734. The disclosure for this purchase can be found here. Corporate insiders own 3.30% of the company’s stock.

Stifel Financial Stock Performance

Shares of SF stock opened at $58.99 on Wednesday. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 11.09 and a beta of 1.29. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.80 and a current ratio of 0.82. Stifel Financial Corp. has a 52 week low of $49.31 and a 52 week high of $72.61. The firm’s 50-day simple moving average is $64.57 and its two-hundred day simple moving average is $60.96.

Stifel Financial (NYSE:SF – Get Rating) last announced its quarterly earnings data on Wednesday, January 25th. The financial services provider reported $1.58 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.06). The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. Stifel Financial had a return on equity of 15.84% and a net margin of 15.08%. The business’s revenue was down 14.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.23 EPS.

Stifel Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st will be paid a $0.36 dividend. This is an increase from Stifel Financial’s previous quarterly dividend of $0.30. The ex-dividend date is Tuesday, February 28th. This represents a $1.44 annualized dividend and a dividend yield of 2.44%. Stifel Financial’s dividend payout ratio (DPR) is presently 27.07%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SF. UBS Group began coverage on shares of Stifel Financial in a research report on Tuesday, November 22nd. They set a “neutral” rating on the stock. StockNews.com raised shares of Stifel Financial from a “hold” rating to a “buy” rating in a research report on Friday, February 24th. Finally, JMP Securities reissued a “market outperform” rating and set a $95.00 price target on shares of Stifel Financial in a research report on Monday.

About Stifel Financial

(Get Rating)

Stifel Financial Corp. provides securities brokerage, investment banking, trading, investment advisory, and related financial services. It operates through the following segments: Global Wealth Management, Institutional Group, and Other. The Global Wealth Management segment provides securities transaction, brokerage, and investment services to clients.