Ameritas Investment Partners Inc. Has $3.12 Million Holdings in Stifel Financial Corp. (NYSE:SF)

Ameritas Investment Partners Inc. decreased its stake in shares of Stifel Financial Corp. (NYSE:SF) by 1.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 37,092 shares of the financial services provider’s stock after selling 729 shares during the period. Ameritas Investment Partners Inc.’s holdings in Stifel Financial were worth $3,121,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Thrivent Financial for Lutherans grew its stake in Stifel Financial by 19.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 51,603 shares of the financial services provider’s stock valued at $4,342,000 after buying an additional 8,496 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Stifel Financial by 25.1% during the second quarter. Pacer Advisors Inc. now owns 19,280 shares of the financial services provider’s stock valued at $1,622,000 after acquiring an additional 3,865 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Stifel Financial in the second quarter valued at about $576,000. XTX Topco Ltd increased its stake in shares of Stifel Financial by 101.8% in the second quarter. XTX Topco Ltd now owns 14,821 shares of the financial services provider’s stock worth $1,247,000 after purchasing an additional 7,476 shares during the period. Finally, Hsbc Holdings PLC lifted its position in shares of Stifel Financial by 32.8% during the 2nd quarter. Hsbc Holdings PLC now owns 9,035 shares of the financial services provider’s stock worth $757,000 after purchasing an additional 2,234 shares during the last quarter. 82.01% of the stock is owned by institutional investors.

Stifel Financial Stock Down 0.4 %

SF opened at $92.47 on Friday. Stifel Financial Corp. has a fifty-two week low of $54.81 and a fifty-two week high of $92.98. The company has a market capitalization of $9.47 billion, a P/E ratio of 21.02 and a beta of 1.09. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.80. The firm’s fifty day moving average price is $85.15 and its two-hundred day moving average price is $81.24.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Stifel Financial had a net margin of 11.59% and a return on equity of 13.24%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 earnings per share. On average, analysts anticipate that Stifel Financial Corp. will post 6.55 EPS for the current year.

Stifel Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a $0.42 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.82%. Stifel Financial’s payout ratio is presently 38.18%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. TD Cowen raised their target price on Stifel Financial from $85.00 to $88.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Wells Fargo & Company assumed coverage on shares of Stifel Financial in a research report on Thursday, September 12th. They set an “overweight” rating and a $101.00 target price on the stock. StockNews.com downgraded shares of Stifel Financial from a “buy” rating to a “hold” rating in a report on Friday. Wolfe Research downgraded shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday, July 22nd. Finally, JMP Securities reiterated a “market outperform” rating and issued a $105.00 target price on shares of Stifel Financial in a research note on Monday, September 9th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $90.40.

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.