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

Stifel Financial Corp. (NYSE:SF) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Shareholders of record on Monday, June 3rd will be given a dividend of 0.42 per share by the financial services provider on Monday, June 17th. This represents a $1.68 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Monday, June 3rd.

Stifel Financial has increased its dividend by an average of 47.0% per year over the last three years and has raised its dividend every year for the last 8 years. Stifel Financial has a dividend payout ratio of 21.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Stifel Financial to earn $8.57 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 19.6%.

Stifel Financial Stock Up 0.5 %

Shares of NYSE:SF traded up $0.38 during trading on Friday, hitting $83.34. 74,086 shares of the company were exchanged, compared to its average volume of 558,133. The stock has a market cap of $8.57 billion, a price-to-earnings ratio of 18.94 and a beta of 1.14. Stifel Financial has a fifty-two week low of $54.81 and a fifty-two week high of $83.78. The firm has a fifty day moving average price of $76.99 and a two-hundred day moving average price of $70.77. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.35.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, April 24th. The financial services provider reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.13). The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. Stifel Financial had a return on equity of 12.39% and a net margin of 11.34%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.40 earnings per share. As a group, research analysts anticipate that Stifel Financial will post 7.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Citigroup upped their price objective on Stifel Financial from $74.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. UBS Group upped their price objective on Stifel Financial from $74.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. JMP Securities reiterated a “market outperform” rating and issued a $88.00 target price on shares of Stifel Financial in a research report on Tuesday, April 9th. TD Cowen increased their target price on Stifel Financial from $86.50 to $92.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Finally, StockNews.com downgraded Stifel Financial from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $84.50.

Insider Activity at Stifel Financial

In related news, insider Victor Nesi sold 36,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $75.37, for a total transaction of $2,713,320.00. Following the sale, the insider now directly owns 54,732 shares in the company, valued at approximately $4,125,150.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Stifel Financial news, insider Victor Nesi sold 36,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $75.37, for a total value of $2,713,320.00. Following the transaction, the insider now directly owns 54,732 shares in the company, valued at approximately $4,125,150.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Thomas B. Michaud sold 25,421 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $74.26, for a total value of $1,887,763.46. Following the completion of the transaction, the senior vice president now owns 90,055 shares in the company, valued at $6,687,484.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,421 shares of company stock worth $5,639,783. 3.52% of the stock is owned by company insiders.

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.