Stifel Financial Corporation (NYSE:SF – Get Free Report) announced a quarterly dividend on Monday, November 2nd. Investors of record on Tuesday, December 1st will be given 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% annually 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 Stock Performance
Shares of SF opened at $68.51 on Tuesday. The company has a market capitalization of $10.35 billion, a price-to-earnings ratio of 11.89 and a beta of 1.01. Stifel Financial has a 52-week low of $65.40 and a 52-week high of $89.83. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average price of $73.07 and a 200 day moving average price of $76.19.
Stifel Financial (NYSE:SF – Get Free Report) last posted its earnings results 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. Stifel Financial had a return on equity of 19.38% and a net margin of 16.50%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the business earned $1.95 EPS. The business’s quarterly revenue was down .2% on a year-over-year basis. Research analysts predict that Stifel Financial will post 6.08 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Stifel Financial from $82.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, October 22nd. Wall Street Zen cut Stifel Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stifel Financial in a research report on Wednesday, August 26th. UBS Group set a $83.00 target price on Stifel Financial and gave the company a “buy” rating in a research note on Thursday, October 22nd. Finally, Capital One Financial set a $75.00 target price on Stifel Financial in a report on Tuesday, October 6th. Five equities research 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $85.71.
Get Our Latest Report on Stifel Financial
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.
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