Mutual of America Capital Management LLC Has $8.88 Million Position in Stifel Financial Corp. (NYSE:SF)

Mutual of America Capital Management LLC trimmed its holdings in shares of Stifel Financial Corp. (NYSE:SF) by 4.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,598 shares of the financial services provider’s stock after selling 4,127 shares during the period. Mutual of America Capital Management LLC’s holdings in Stifel Financial were worth $8,883,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SF. BNP Paribas Financial Markets boosted its position in Stifel Financial by 16.9% during the first quarter. BNP Paribas Financial Markets now owns 8,223 shares of the financial services provider’s stock valued at $643,000 after purchasing an additional 1,187 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Stifel Financial in the 1st quarter valued at approximately $33,000. Vanguard Group Inc. grew its stake in shares of Stifel Financial by 3.9% in the first quarter. Vanguard Group Inc. now owns 10,461,734 shares of the financial services provider’s stock valued at $817,794,000 after buying an additional 391,384 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Stifel Financial by 35.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 10,227 shares of the financial services provider’s stock worth $799,000 after buying an additional 2,649 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in Stifel Financial by 388.3% during the first quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 633 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

Analyst Ratings Changes

SF has been the topic of several recent analyst reports. Citigroup boosted their price objective on shares of Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a research note on Friday, September 27th. The Goldman Sachs Group upped their price objective on Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. StockNews.com downgraded Stifel Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. Wells Fargo & Company increased their price target on Stifel Financial from $113.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, Wolfe Research cut shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 22nd. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $103.17.

Stifel Financial Stock Performance

NYSE:SF opened at $114.44 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 0.27. The stock has a 50 day simple moving average of $99.14 and a 200 day simple moving average of $88.53. Stifel Financial Corp. has a 1-year low of $60.17 and a 1-year high of $118.12. The stock has a market cap of $11.71 billion, a P/E ratio of 20.69 and a beta of 1.08.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.10). Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the business posted $0.60 EPS. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. Research analysts anticipate that Stifel Financial Corp. will post 6.44 earnings per share for the current year.

Stifel Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.68 annualized dividend and a dividend yield of 1.47%. Stifel Financial’s dividend payout ratio is presently 30.38%.

Insider Activity

In other news, COO David D. Sliney sold 25,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $116.18, for a total transaction of $2,904,500.00. Following the sale, the chief operating officer now directly owns 159,619 shares of the company’s stock, valued at approximately $18,544,535.42. This represents a 13.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.57% of the stock is owned by company insiders.

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.