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

Stifel Financial Corp. (NYSE:SF - Get Free Report) announced a quarterly dividend on Tuesday, October 29th, Zacks reports. Shareholders of record on Monday, December 2nd will be given a dividend of 0.42 per share by the financial services provider on Monday, December 16th. This represents a $1.68 annualized dividend and a yield of 1.62%. The ex-dividend date is Monday, December 2nd.

Stifel Financial has increased its dividend by an average of 47.0% per year over the last three years. Stifel Financial has a payout ratio of 21.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Stifel Financial to earn $8.04 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 20.9%.

Stifel Financial Price Performance

SF traded down $0.53 during midday trading on Thursday, hitting $103.62. The company had a trading volume of 646,198 shares, compared to its average volume of 565,090. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.80 and a current ratio of 0.84. The company has a market capitalization of $10.62 billion, a PE ratio of 18.74 and a beta of 1.09. Stifel Financial has a twelve month low of $56.28 and a twelve month high of $106.10. The firm's 50-day simple moving average is $93.13 and its 200-day simple moving average is $85.60.

Stifel Financial (NYSE:SF - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.10). The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. Stifel Financial had a net margin of 12.98% and a return on equity of 15.11%. The company's revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 EPS. Equities research analysts predict that Stifel Financial will post 6.44 EPS for the current fiscal year.

Analysts Set New Price Targets

SF has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their price objective on shares of Stifel Financial from $85.00 to $94.00 and gave the stock a "neutral" rating in a research note on Thursday, September 26th. StockNews.com lowered shares of Stifel Financial from a "buy" rating to a "hold" rating in a research note on Thursday, October 3rd. Wells Fargo & Company lifted their price objective on shares of Stifel Financial from $108.00 to $113.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Wolfe Research lowered shares of Stifel Financial from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 22nd. Finally, Citigroup lifted their price objective on shares of Stifel Financial from $90.00 to $102.00 and gave the stock a "neutral" rating in a research note on Friday, September 27th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $100.33.

Stifel Financial Company Profile

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.