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

Stifel Financial Corporation (NYSE:SF) announced a quarterly dividend on Monday, November 2nd. Investors of record on Tuesday, December 1st will be paid a dividend of $0.34 per share by the financial services provider on Tuesday, December 15th. This represents a $1.36 annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, December 1st.

Stifel Financial has increased its dividend payment by an average of 0.3% per year over the last three years and has raised its dividend annually for the last 9 consecutive years. Stifel Financial has a payout ratio of 15.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Stifel Financial to earn $6.84 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 19.9%.

Stifel Financial Trading Up 2.7%

Shares of NYSE:SF opened at $68.51 on Tuesday. Stifel Financial has a 52-week low of $65.40 and a 52-week high of $89.83. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.88. The company has a market capitalization of $10.35 billion, a P/E ratio of 11.89 and a beta of 1.01. The company has a 50-day simple moving average of $73.07 and a 200 day simple moving average of $76.19.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.02. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.45 billion. Stifel Financial had a return on equity of 19.38% and a net margin of 16.50%. The business’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.95 earnings per share. Sell-side analysts forecast that Stifel Financial will post 6.08 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on SF. Capital One Financial set a $75.00 target price on Stifel Financial in a report on Tuesday, October 6th. BMO Capital Markets cut their price target on Stifel Financial from $85.00 to $75.00 and set a “market perform” rating for the company in a report on Tuesday, October 6th. Zacks Research downgraded Stifel Financial from a “hold” rating to a “strong sell” rating in a report on Thursday, October 22nd. Wall Street Zen cut shares of Stifel Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Stifel Financial from $82.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, October 22nd. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $85.71.

Stifel Financial Company Profile

Stifel Financial Corp. is a financial services holding company headquartered in St. Louis, Missouri. Through its principal operating subsidiaries, including Stifel, Nicolaus & Company, Incorporated, the company provides wealth management, investment banking, securities brokerage and related financial services to individual investors, corporations, municipalities and institutional clients.

Its wealth management business offers investment advice, brokerage services, financial planning, banking and lending solutions, and access to a range of investment products.