Stifel Financial Corporation Announces Quarterly Dividend of $0.34 (NYSE:SF)

Stifel Financial Corporation (NYSE:SF) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Tuesday, September 1st will be given a dividend of 0.34 per share by the financial services provider on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 1st.

Stifel Financial has raised its dividend payment by an average of 0.3%per year over the last three years and has raised its dividend every year for the last 9 years. Stifel Financial has a payout ratio of 15.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Stifel Financial to earn $7.06 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 19.3%.

Stifel Financial Stock Up 0.4%

Shares of NYSE:SF opened at $84.38 on Thursday. Stifel Financial has a 52 week low of $67.81 and a 52 week high of $89.83. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. The company has a market cap of $12.94 billion, a PE ratio of 15.10 and a beta of 0.99. The firm has a 50 day simple moving average of $75.09 and a 200 day simple moving average of $76.54.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.33 by $0.09. Stifel Financial had a return on equity of 19.32% and a net margin of 16.11%.The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the firm posted $1.71 earnings per share. Stifel Financial’s revenue was up 13.0% compared to the same quarter last year. As a group, research analysts expect that Stifel Financial will post 6.36 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Maryam S. Brown sold 4,700 shares of Stifel Financial stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total value of $372,240.00. Following the transaction, the director owned 5,729 shares in the company, valued at $453,736.80. This trade represents a 45.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.36% of the stock is owned by company insiders.

Institutional Investors Weigh In On Stifel Financial

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC bought a new position in shares of Stifel Financial in the third quarter worth about $29,000. Activest Wealth Management grew its holdings in Stifel Financial by 12,000.0% in the 4th quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock valued at $30,000 after buying an additional 240 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Stifel Financial in the 4th quarter worth approximately $34,000. JTC Employer Solutions Trustee Ltd boosted its position in shares of Stifel Financial by 49.8% in the first quarter. JTC Employer Solutions Trustee Ltd now owns 481 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 160 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Stifel Financial in the fourth quarter worth $50,000. 82.01% of the stock is owned by institutional investors and hedge funds.

About Stifel Financial

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.