Stifel Financial Corp. (SF) to Issue Quarterly Dividend of $0.42 on December 16th

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

Stifel Financial has raised its dividend by an average of 47.0% annually over the last three years. Stifel Financial has a dividend payout ratio of 21.5% indicating that 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 %

SF opened at $115.82 on Friday. The firm has a market cap of $11.85 billion, a P/E ratio of 20.94 and a beta of 1.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.78 and a current ratio of 0.82. The business has a 50 day moving average price of $104.28 and a 200 day moving average price of $90.50. Stifel Financial has a twelve month low of $60.45 and a twelve month high of $119.12.

Stifel Financial (NYSE:SF) last posted its quarterly earnings data 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 the consensus estimate of $1.20 billion. Stifel Financial had a return on equity of 14.92% and a net margin of 12.98%. Stifel Financial’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. Research analysts forecast that Stifel Financial will post 6.44 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on SF. The Goldman Sachs Group lifted their price objective on Stifel Financial from $85.00 to $94.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. JMP Securities increased their price objective on Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. Citigroup raised their price objective on shares of Stifel Financial from $90.00 to $102.00 and gave the stock a “neutral” rating in a research note on Friday, September 27th. Wells Fargo & Company upped 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. Finally, TD Cowen raised their price target on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $103.17.

Insider Buying and Selling at Stifel Financial

In other news, COO David D. Sliney sold 25,000 shares of the stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 159,619 shares of the company’s stock, valued at approximately $18,544,535.42. This represents a 13.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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.