Stifel Financial Corp. (NYSE:SF) Declares Quarterly Dividend of $0.42

Stifel Financial Corp. (NYSE:SF) announced a quarterly dividend on Tuesday, October 29th,Zacks Dividends reports. Investors of record on Monday, December 2nd will be paid a dividend of 0.42 per share by the financial services provider on Monday, December 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Monday, December 2nd.

Stifel Financial has raised its dividend by an average of 47.0% per year over the last three years. Stifel Financial has a payout ratio of 21.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Stifel Financial to earn $8.04 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 20.9%.

Stifel Financial Stock Down 0.4 %

Shares of SF opened at $115.82 on Friday. The business’s fifty day moving average price is $104.28 and its two-hundred day moving average price is $90.50. The firm has a market capitalization of $11.85 billion, a price-to-earnings ratio of 20.94 and a beta of 1.08. Stifel Financial has a 52 week low of $60.45 and a 52 week high of $119.12. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.10). The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. Stifel Financial had a net margin of 12.98% and a return on equity of 14.92%. The company’s revenue was up 17.2% compared to the same quarter last year. During the same period last year, the company earned $0.60 EPS. On average, analysts predict that Stifel Financial will post 6.44 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Stifel Financial from $113.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. TD Cowen raised their price objective on shares of Stifel Financial from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. StockNews.com cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. JMP Securities raised their price target on Stifel Financial from $105.00 to $110.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. Finally, Citigroup lifted their price objective on Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a research note on Friday, September 27th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Stifel Financial has an average rating of “Hold” and an average price target of $103.17.

Insider Transactions at Stifel Financial

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

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.