Stifel Financial Corporation (SF) to Issue Quarterly Dividend of $0.10
Stifel Financial Corporation (NYSE:SF) declared a quarterly dividend on Tuesday, August 15th, Wall Street Journal reports. Investors of record on Friday, September 1st will be paid a dividend of 0.10 per share by the financial services provider on Friday, September 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Wednesday, August 30th.
Shares of Stifel Financial Corporation (NYSE SF) traded down 0.65% on Tuesday, hitting $50.35. The company had a trading volume of 514,764 shares. Stifel Financial Corporation has a 12-month low of $36.71 and a 12-month high of $56.62. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 25.99 and a beta of 1.71. The company has a 50 day moving average of $48.16 and a 200-day moving average of $48.79.
Stifel Financial Corporation (NYSE:SF) last posted its quarterly earnings results on Monday, July 31st. The financial services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.76 by $0.14. Stifel Financial Corporation had a net margin of 6.03% and a return on equity of 9.30%. The business had revenue of $725.60 million for the quarter, compared to analysts’ expectations of $689.67 million. During the same period in the previous year, the company posted $0.69 EPS. Stifel Financial Corporation’s revenue was up 11.3% on a year-over-year basis. On average, analysts forecast that Stifel Financial Corporation will post $3.43 earnings per share for the current year.
Several equities analysts have recently commented on the stock. TheStreet upgraded shares of Stifel Financial Corporation from a “c+” rating to a “b” rating in a report on Monday, July 31st. BidaskClub upgraded shares of Stifel Financial Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Stifel Financial Corporation from a “sell” rating to a “buy” rating and set a $57.00 price target on the stock in a report on Thursday, August 3rd. Wells Fargo & Company restated a “market perform” rating and set a $50.00 price target (down from $54.00) on shares of Stifel Financial Corporation in a report on Monday, June 12th. Finally, Nomura restated a “neutral” rating on shares of Stifel Financial Corporation in a report on Tuesday, May 23rd. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $53.33.
In other Stifel Financial Corporation news, Director Frederick O. Hanser sold 4,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $50.00, for a total transaction of $200,000.00. Following the completion of the transaction, the director now owns 33,255 shares of the company’s stock, valued at approximately $1,662,750. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David A. Peacock bought 4,500 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were purchased at an average cost of $50.03 per share, with a total value of $225,135.00. The disclosure for this purchase can be found here. 5.14% of the stock is currently owned by insiders.
Stifel Financial Corporation 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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