Stifel Financial Corporation (SF) Raises Dividend to $0.12 Per Share

Stifel Financial Corporation (NYSE:SF) declared a quarterly dividend on Thursday, February 15th, Wall Street Journal reports. Shareholders of record on Thursday, March 1st will be paid a dividend of 0.12 per share by the financial services provider on Thursday, March 15th. This represents a $0.48 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Wednesday, February 28th. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.10.

Stifel Financial has a dividend payout ratio of 11.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Stifel Financial to earn $5.60 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 7.1%.

Stifel Financial (SF) opened at $62.83 on Friday. The stock has a market capitalization of $4,299.75, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 1.03 and a beta of 1.69. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.68. Stifel Financial has a 1 year low of $41.93 and a 1 year high of $68.76.

Stifel Financial (NYSE:SF) last issued its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.55. The company had revenue of $804.10 million for the quarter, compared to the consensus estimate of $745.44 million. Stifel Financial had a return on equity of 12.05% and a net margin of 6.25%. Stifel Financial’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.68 earnings per share. equities analysts forecast that Stifel Financial will post 5.1 EPS for the current fiscal year.

SF has been the topic of a number of recent analyst reports. Nomura increased their price target on Stifel Financial from $56.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. Goldman Sachs Group upgraded Stifel Financial from a “neutral” rating to a “buy” rating and increased their price target for the stock from $56.00 to $77.00 in a research report on Monday, January 8th. Zacks Investment Research upgraded Stifel Financial from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Friday, January 5th. Wells Fargo & Co increased their price target on Stifel Financial from $64.00 to $70.00 in a research report on Thursday, January 4th. Finally, Instinet upgraded Stifel Financial from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 3rd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $67.67.

In other Stifel Financial news, Vice Chairman Ben A. Plotkin sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $53.70, for a total transaction of $1,074,000.00. Following the completion of the transaction, the insider now owns 96,226 shares of the company’s stock, valued at $5,167,336.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.60% of the stock is owned by corporate insiders.

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Stifel Financial Company Profile

Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.

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