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

Mutual of America Capital Management LLC cut its holdings in shares of Stifel Financial Corp. (NYSE:SF) by 4.2% during the third quarter, according to the company in its most recent 13F 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 owned about 0.09% of Stifel Financial worth $8,883,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SF. CIBC Asset Management Inc grew its holdings in shares of Stifel Financial by 3.5% during the third quarter. CIBC Asset Management Inc now owns 3,019 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 102 shares during the last quarter. GAMMA Investing LLC grew its holdings in Stifel Financial by 27.7% during the 3rd quarter. GAMMA Investing LLC now owns 503 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 109 shares during the last quarter. Tributary Capital Management LLC increased its position in Stifel Financial by 1.0% in the 3rd quarter. Tributary Capital Management LLC now owns 12,603 shares of the financial services provider’s stock valued at $1,183,000 after acquiring an additional 126 shares in the last quarter. CWM LLC increased its position in Stifel Financial by 3.8% in the 3rd quarter. CWM LLC now owns 3,940 shares of the financial services provider’s stock valued at $370,000 after acquiring an additional 145 shares in the last quarter. Finally, OneDigital Investment Advisors LLC lifted its position in shares of Stifel Financial by 3.5% during the third quarter. OneDigital Investment Advisors LLC now owns 4,954 shares of the financial services provider’s stock worth $465,000 after purchasing an additional 166 shares in the last quarter. Institutional investors own 82.01% of the company’s stock.

Insider Buying and Selling at Stifel Financial

In other Stifel Financial news, COO David D. Sliney sold 25,000 shares of Stifel Financial stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $116.18, for a total value of $2,904,500.00. Following the transaction, the chief operating officer now owns 159,619 shares of the company’s stock, valued at approximately $18,544,535.42. The trade was a 13.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 4.57% of the company’s stock.

Stifel Financial Stock Performance

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

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.10). The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 EPS. As a group, sell-side analysts expect that Stifel Financial Corp. will post 6.44 earnings per share for the current year.

Stifel Financial Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SF. Wells Fargo & Company raised their price target on shares of Stifel Financial from $113.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Wolfe Research downgraded Stifel Financial from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 22nd. TD Cowen raised their price target on Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a report on Thursday, October 24th. Citigroup boosted their price objective on Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, September 27th. Finally, The Goldman Sachs Group raised their target price on shares of Stifel Financial from $85.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $103.17.

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.