Stifel Financial Corp (NYSE:SF) declared a quarterly dividend on Thursday, February 15th, Wall Street Journal reports. Investors 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 0.77%. The ex-dividend date of this dividend is Wednesday, February 28th. This is an increase 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. 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%.
Shares of Stifel Financial (NYSE:SF) opened at $62.45 on Friday. The stock has a market capitalization of $4,295.64, a P/E ratio of 29.18, a PEG ratio of 1.03 and a beta of 1.69. Stifel Financial has a one year low of $41.93 and a one year high of $68.76. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.68.
Stifel Financial (NYSE:SF) last posted its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.55. The business had revenue of $804.10 million during the quarter, compared to analyst estimates of $745.44 million. Stifel Financial had a return on equity of 12.05% and a net margin of 6.25%. The company’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same period last year, the company earned $0.68 EPS. sell-side analysts predict that Stifel Financial will post 5.1 earnings per share for the current fiscal year.
Several equities research analysts have recently issued reports on the company. Instinet raised Stifel Financial from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 3rd. Wells Fargo & Co raised Stifel Financial from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $56.00 to $64.00 in a research note on Friday, December 1st. Nomura raised their price objective on Stifel Financial from $56.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, October 31st. Zacks Investment Research raised Stifel Financial from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research note on Friday, January 5th. Finally, 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 report on Monday, January 8th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Stifel Financial currently 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 firm’s stock in a transaction 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 transaction, the insider now directly owns 96,226 shares in the company, valued at approximately $5,167,336.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.60% of the company’s stock.
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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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