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

Stifel Financial Corporation (NYSE:SF) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Tuesday, September 1st will be paid a dividend of 0.34 per share by the financial services provider on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, September 1st.

Stifel Financial has raised its dividend payment 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% indicating that its dividend is sufficiently covered by earnings. Analysts expect Stifel Financial to earn $7.06 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 19.3%.

Stifel Financial Trading Up 0.4%

Shares of NYSE SF opened at $84.38 on Thursday. The company has a market cap of $12.94 billion, a PE ratio of 15.10 and a beta of 0.99. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. The firm’s 50 day moving average price is $75.09 and its 200-day moving average price is $76.54. Stifel Financial has a 52-week low of $67.81 and a 52-week high of $89.83.

Stifel Financial (NYSE:SF) last posted its earnings results on Wednesday, July 22nd. The financial services provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. Stifel Financial had a return on equity of 19.32% and a net margin of 16.11%.The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the company earned $1.71 EPS. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, equities research analysts expect that Stifel Financial will post 6.36 EPS for the current fiscal year.

Insider Buying and Selling

In other Stifel Financial news, Director Maryam S. Brown sold 4,700 shares of the company’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $79.20, for a total value of $372,240.00. Following the transaction, the director directly owned 5,729 shares in the company, valued at $453,736.80. This represents a 45.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.36% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Stifel Financial

Several institutional investors have recently made changes to their positions in SF. Fifth Third Bancorp increased its stake in shares of Stifel Financial by 430.4% during the first quarter. Fifth Third Bancorp now owns 73,993 shares of the financial services provider’s stock worth $5,470,000 after acquiring an additional 60,042 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Stifel Financial by 49.9% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,209 shares of the financial services provider’s stock valued at $2,824,000 after purchasing an additional 12,727 shares during the period. Heartland Advisors Inc. boosted its holdings in Stifel Financial by 56.3% in the 1st quarter. Heartland Advisors Inc. now owns 134,153 shares of the financial services provider’s stock valued at $9,917,000 after purchasing an additional 48,346 shares in the last quarter. North Reef Capital Management LP purchased a new stake in shares of Stifel Financial in the first quarter valued at approximately $4,230,000. Finally, Horizon Investments LLC grew its position in Stifel Financial by 146.7% during the fourth quarter. Horizon Investments LLC now owns 63,089 shares of the financial services provider’s stock worth $7,900,000 after buying an additional 37,516 shares during the period. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full?service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research?driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.