Stifel Financial Corp. (NYSE:SF) Declares Quarterly Dividend of $0.46

Stifel Financial Corp. (NYSE:SF) announced a quarterly dividend on Tuesday, January 28th, Wall Street Journal reports. Shareholders of record on Monday, March 3rd will be paid a dividend of 0.46 per share by the financial services provider on Monday, March 17th. This represents a $1.84 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Monday, March 3rd. This is a positive change from Stifel Financial’s previous quarterly dividend of $0.42.

Stifel Financial has increased its dividend payment by an average of 41.0% annually over the last three years. Stifel Financial has a payout ratio of 19.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Stifel Financial to earn $9.40 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 19.6%.

Stifel Financial Price Performance

Shares of SF opened at $106.10 on Friday. The company has a market cap of $10.86 billion, a price-to-earnings ratio of 17.00 and a beta of 1.11. Stifel Financial has a twelve month low of $72.78 and a twelve month high of $120.64. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 0.27. The company has a 50 day moving average of $109.70 and a two-hundred day moving average of $103.13.

Stifel Financial (NYSE:SF) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.27. Stifel Financial had a net margin of 14.00% and a return on equity of 16.59%. As a group, analysts predict that Stifel Financial will post 8.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on SF. Citigroup raised their target price on shares of Stifel Financial from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Wells Fargo & Company lifted their price objective on shares of Stifel Financial from $128.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. began coverage on shares of Stifel Financial in a research note on Tuesday, December 10th. They set a “neutral” rating and a $120.00 price objective for the company. StockNews.com upgraded shares of Stifel Financial from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, UBS Group lifted their price objective on shares of Stifel Financial from $116.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $117.71.

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.