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

Ameritas Investment Partners Inc. cut its position in Stifel Financial Corp. (NYSE:SF) by 1.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC increased its stake in shares of Stifel Financial by 0.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 22,537 shares of the financial services provider’s stock valued at $1,558,000 after buying an additional 141 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in Stifel Financial by 2.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 10,116 shares of the financial services provider’s stock valued at $851,000 after acquiring an additional 284 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Stifel Financial by 1,818.8% in the second quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 291 shares during the last quarter. Fulton Bank N.A. raised its stake in shares of Stifel Financial by 7.6% in the first quarter. Fulton Bank N.A. now owns 5,175 shares of the financial services provider’s stock worth $405,000 after acquiring an additional 366 shares during the last quarter. Finally, Delphi Management Inc. MA lifted its position in shares of Stifel Financial by 1.7% during the first quarter. Delphi Management Inc. MA now owns 22,602 shares of the financial services provider’s stock worth $1,767,000 after purchasing an additional 385 shares in the last quarter. 82.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Stifel Financial Stock Down 0.4 %

NYSE:SF opened at $92.47 on Friday. The stock’s fifty day simple moving average is $85.15 and its 200-day simple moving average is $81.24. The firm 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 quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. Stifel Financial Corp. has a 12-month low of $54.81 and a 12-month high of $92.98.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.06. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.20 EPS. Equities research analysts expect that Stifel Financial Corp. will post 6.55 earnings per share for the current year.

Stifel Financial Announces Dividend

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

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.