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

Stifel Financial Corp. (NYSE:SF) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Stockholders 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 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Monday, December 2nd.

Stifel Financial has increased its dividend by an average of 47.0% per year over the last three years. Stifel Financial has a payout ratio of 21.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

NYSE:SF opened at $104.15 on Thursday. Stifel Financial has a one year low of $56.28 and a one year high of $106.10. The stock has a market cap of $10.68 billion, a PE ratio of 18.83 and a beta of 1.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.80 and a current ratio of 0.84. The stock has a 50 day moving average price of $92.76 and a 200 day moving average price of $85.47.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.10). Stifel Financial had a return on equity of 15.11% and a net margin of 12.98%. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the business earned $0.60 earnings per share. The firm’s revenue was up 17.2% compared to the same quarter last year. Equities research analysts expect that Stifel Financial will post 6.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on SF. TD Cowen lifted their target price on shares of Stifel Financial from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. JMP Securities upped their price objective on Stifel Financial from $105.00 to $110.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Citigroup raised their target price on 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 price target on Stifel Financial from $108.00 to $113.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Finally, Wolfe Research cut Stifel Financial from an “outperform” rating to a “peer perform” rating in a report on Monday, July 22nd. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Stifel Financial has a consensus rating of “Hold” and an average price target of $100.33.

Stifel Financial Company 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.