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

Mutual of America Capital Management LLC cut its position in shares of Stifel Financial Corporation (NYSE:SF) by 9.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,760 shares of the financial services provider’s stock after selling 9,001 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.08% of Stifel Financial worth $9,391,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. OLD National Bancorp IN acquired a new stake in shares of Stifel Financial during the second quarter worth $243,000. Sequoia Financial Advisors LLC purchased a new position in Stifel Financial during the second quarter worth about $606,000. Invesco Ltd. lifted its position in Stifel Financial by 12.9% during the second quarter. Invesco Ltd. now owns 1,368,457 shares of the financial services provider’s stock worth $142,018,000 after buying an additional 156,877 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Stifel Financial in the 3rd quarter worth about $35,576,000. Finally, CWM LLC grew its holdings in Stifel Financial by 127.4% in the 3rd quarter. CWM LLC now owns 29,654 shares of the financial services provider’s stock valued at $3,365,000 after buying an additional 16,616 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Stock Up 0.4%

Shares of NYSE SF opened at $128.76 on Tuesday. The stock has a fifty day moving average price of $126.41 and a 200 day moving average price of $118.33. The company has a current ratio of 0.84, a quick ratio of 0.79 and a debt-to-equity ratio of 0.28. Stifel Financial Corporation has a 12-month low of $73.27 and a 12-month high of $134.74. The company has a market cap of $13.11 billion, a P/E ratio of 22.75 and a beta of 1.13.

Stifel Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, December 1st. Stifel Financial’s dividend payout ratio is currently 32.51%.

Wall Street Analysts Forecast Growth

SF has been the topic of several research analyst reports. Stifel Nicolaus set a $138.00 target price on shares of Stifel Financial in a research report on Wednesday, January 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Stifel Financial in a report on Wednesday, January 21st. Citigroup reissued an “outperform” rating on shares of Stifel Financial in a research note on Monday, January 12th. BMO Capital Markets initiated coverage on Stifel Financial in a research report on Friday, October 3rd. They issued a “market perform” rating and a $121.00 target price on the stock. Finally, UBS Group set a $150.00 price target on Stifel Financial and gave the company a “buy” rating in a research report on Thursday, December 11th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $135.18.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.