Stifel Financial Corp. (NYSE:SF) Announces $0.30 Quarterly Dividend

Stifel Financial Corp. (NYSE:SFGet Rating) announced a quarterly dividend on Thursday, May 5th, Wall Street Journal reports. Shareholders of record on Wednesday, June 1st will be paid a dividend of 0.30 per share by the financial services provider on Wednesday, June 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Tuesday, May 31st.

Stifel Financial has increased its dividend payment by an average of 23.3% annually over the last three years and has raised its dividend every year for the last 6 years. Stifel Financial has a dividend payout ratio of 13.9% indicating that its dividend is sufficiently covered by earnings.

Stifel Financial stock opened at $64.59 on Friday. The company has a 50-day simple moving average of $66.74 and a 200-day simple moving average of $71.21. The firm has a market capitalization of $6.88 billion, a P/E ratio of 9.71 and a beta of 1.28. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.77 and a current ratio of 0.81. Stifel Financial has a one year low of $60.35 and a one year high of $83.28.

Stifel Financial (NYSE:SFGet Rating) last announced its earnings results on Wednesday, April 27th. The financial services provider reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.01. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.15 billion. Stifel Financial had a net margin of 17.49% and a return on equity of 21.13%. Stifel Financial’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.50 EPS.

In other news, insider Victor Nesi sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 1st. The shares were sold at an average price of $71.74, for a total transaction of $717,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.24% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in Stifel Financial by 6.2% during the fourth quarter. BlackRock Inc. now owns 12,647,285 shares of the financial services provider’s stock valued at $890,619,000 after buying an additional 743,430 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Stifel Financial by 4.0% during the 4th quarter. Parametric Portfolio Associates LLC now owns 318,101 shares of the financial services provider’s stock valued at $22,401,000 after acquiring an additional 12,218 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Stifel Financial by 2.1% during the 4th quarter. Legal & General Group Plc now owns 249,913 shares of the financial services provider’s stock valued at $17,598,000 after acquiring an additional 5,132 shares in the last quarter. Morgan Stanley grew its holdings in shares of Stifel Financial by 62.9% during the 2nd quarter. Morgan Stanley now owns 214,411 shares of the financial services provider’s stock valued at $13,906,000 after acquiring an additional 82,775 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Stifel Financial by 7.0% during the 4th quarter. Sei Investments Co. now owns 163,125 shares of the financial services provider’s stock valued at $11,475,000 after acquiring an additional 10,694 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

SF has been the subject of a number of recent analyst reports. StockNews.com initiated coverage on shares of Stifel Financial in a research report on Thursday, March 31st. They issued a “hold” rating for the company. JMP Securities increased their target price on shares of Stifel Financial from $93.00 to $100.00 and gave the company a “market outperform” rating in a research report on Thursday, January 27th.

Stifel Financial Company Profile (Get Rating)

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, the United Kingdom, the rest of Europe, and Canada.

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Dividend History for Stifel Financial (NYSE:SF)

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