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

Stifel Financial Corporation (NYSE:SF) announced a quarterly dividend on Monday, November 2nd. Shareholders 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 raised its dividend by an average of 0.3% per year over the last three years and has increased its dividend every year for the last 9 years. Stifel Financial has a dividend payout ratio of 15.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

Stifel Financial stock opened at $68.51 on Tuesday. The stock’s 50-day moving average is $73.07 and its 200-day moving average is $76.19. The company has a market cap of $10.35 billion, a price-to-earnings ratio of 11.89 and a beta of 1.01. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.83. Stifel Financial has a 12 month low of $65.40 and a 12 month high of $89.83.

Stifel Financial (NYSE:SF) last released its quarterly earnings data on Wednesday, October 21st. The financial services provider reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.02. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.45 billion. Stifel Financial had a return on equity of 19.38% and a net margin of 16.50%. The company’s revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.95 EPS. Equities analysts anticipate that Stifel Financial will post 6.08 earnings per share for the current year.

Institutional Investors Weigh In On Stifel Financial

Several hedge funds have recently modified their holdings of the stock. Danske Bank A S bought a new stake in shares of Stifel Financial during the second quarter valued at approximately $31,000. Elevation Wealth Partners LLC grew its holdings in Stifel Financial by 92.8% in the 3rd quarter. Elevation Wealth Partners LLC now owns 457 shares of the financial services provider’s stock worth $32,000 after buying an additional 220 shares in the last quarter. JTC Employer Solutions Trustee Ltd grew its holdings in Stifel Financial by 49.8% in the 1st quarter. JTC Employer Solutions Trustee Ltd now owns 481 shares of the financial services provider’s stock worth $36,000 after buying an additional 160 shares in the last quarter. Keating Financial Advisory Services Inc. acquired a new stake in Stifel Financial in the 2nd quarter valued at approximately $35,000. Finally, Caitlin John LLC acquired a new stake in Stifel Financial in the 2nd quarter valued at approximately $41,000. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

About Stifel Financial

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.