Mutual of America Capital Management LLC Raises Holdings in Stifel Financial Corporation $SF

Mutual of America Capital Management LLC increased its position in Stifel Financial Corporation (NYSE:SF) by 0.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 91,761 shares of the financial services provider’s stock after acquiring an additional 162 shares during the quarter. Mutual of America Capital Management LLC owned about 0.09% of Stifel Financial worth $9,523,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in Stifel Financial by 251.1% during the first quarter. Farther Finance Advisors LLC now owns 1,169 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 836 shares during the period. GAMMA Investing LLC lifted its stake in shares of Stifel Financial by 401.0% during the 1st quarter. GAMMA Investing LLC now owns 4,509 shares of the financial services provider’s stock valued at $425,000 after buying an additional 3,609 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Stifel Financial by 263.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 19,711 shares of the financial services provider’s stock valued at $1,858,000 after buying an additional 14,284 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Stifel Financial by 31.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,505 shares of the financial services provider’s stock valued at $990,000 after acquiring an additional 2,505 shares during the period. Finally, Sowell Financial Services LLC purchased a new stake in shares of Stifel Financial during the first quarter worth $312,000. 82.01% of the stock is currently owned by institutional investors.

Stifel Financial Stock Up 1.7%

Shares of NYSE SF opened at $110.26 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average of $113.23 and a 200-day moving average of $102.97. The firm has a market capitalization of $11.27 billion, a price-to-earnings ratio of 21.37 and a beta of 1.13. Stifel Financial Corporation has a 12 month low of $73.27 and a 12 month high of $120.64.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.06. Stifel Financial had a net margin of 11.90% and a return on equity of 13.93%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the firm posted $1.60 earnings per share. Stifel Financial’s quarterly revenue was up 5.4% on a year-over-year basis. Sell-side analysts expect that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. Stifel Financial’s dividend payout ratio is currently 35.66%.

Wall Street Analysts Forecast Growth

SF has been the subject of several recent research reports. UBS Group set a $135.00 price target on Stifel Financial in a research report on Thursday, October 9th. Zacks Research lowered Stifel Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. BMO Capital Markets began 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. Wells Fargo & Company raised their price objective on shares of Stifel Financial from $102.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Stifel Financial in a report on Thursday, October 9th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Stifel Financial has a consensus rating of “Moderate Buy” and an average price target of $122.60.

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.