Mutual of America Capital Management LLC Trims Holdings in Stifel Financial Corp. (NYSE:SF)

Mutual of America Capital Management LLC cut its position in shares of Stifel Financial Corp. (NYSE:SF) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 93,083 shares of the financial services provider’s stock after selling 1,515 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.09% of Stifel Financial worth $9,874,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. FMR LLC grew its stake in Stifel Financial by 18.8% in the 3rd quarter. FMR LLC now owns 7,956,412 shares of the financial services provider’s stock worth $747,107,000 after acquiring an additional 1,256,595 shares during the period. State Street Corp boosted its holdings in shares of Stifel Financial by 1.0% during the third quarter. State Street Corp now owns 3,122,342 shares of the financial services provider’s stock worth $293,188,000 after purchasing an additional 31,101 shares during the last quarter. Stifel Financial Corp grew its position in shares of Stifel Financial by 1.5% in the third quarter. Stifel Financial Corp now owns 2,279,267 shares of the financial services provider’s stock valued at $214,023,000 after purchasing an additional 33,953 shares during the period. Wellington Management Group LLP increased its stake in Stifel Financial by 78.3% in the third quarter. Wellington Management Group LLP now owns 1,958,709 shares of the financial services provider’s stock valued at $183,923,000 after purchasing an additional 860,465 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Stifel Financial by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,696,605 shares of the financial services provider’s stock worth $159,355,000 after buying an additional 20,110 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Analyst Ratings Changes

SF has been the subject of several recent analyst reports. UBS Group lifted their price target on Stifel Financial from $116.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Wells Fargo & Company boosted their target price on shares of Stifel Financial from $128.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Citigroup increased their price target on shares of Stifel Financial from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. initiated coverage on shares of Stifel Financial in a research note on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price objective for the company. Finally, StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $117.71.

Stifel Financial Price Performance

Shares of SF stock opened at $106.10 on Friday. Stifel Financial Corp. has a twelve month low of $72.78 and a twelve month high of $120.64. The company has a market capitalization of $10.86 billion, a PE ratio of 17.00 and a beta of 1.11. 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 firm has a fifty day simple moving average of $109.73 and a 200-day simple moving average of $103.31.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.27. Stifel Financial had a return on equity of 16.59% and a net margin of 14.00%. Equities research analysts anticipate that Stifel Financial Corp. will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Monday, March 3rd. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.42. Stifel Financial’s payout ratio is 29.49%.

About Stifel Financial

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.