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

Stifel Financial Corporation (NYSE:SF) announced a quarterly dividend on Thursday, April 30th. Stockholders of record on Monday, June 1st will be paid a dividend of 0.34 per share by the financial services provider on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, June 1st.

Stifel Financial has raised its dividend by an average of 0.3%annually over the last three years and has raised its dividend every year for the last 9 years. Stifel Financial has a payout ratio of 15.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Stifel Financial to earn $6.74 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 20.2%.

Stifel Financial Stock Down 0.3%

Shares of NYSE:SF opened at $70.16 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. Stifel Financial has a 1 year low of $61.21 and a 1 year high of $89.83. The stock has a market capitalization of $10.76 billion, a P/E ratio of 13.65 and a beta of 1.05. The stock has a 50-day simple moving average of $75.26 and a 200-day simple moving average of $79.39.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, April 22nd. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. Stifel Financial had a return on equity of 18.76% and a net margin of 15.34%.The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the business earned $0.49 EPS. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. Equities analysts forecast that Stifel Financial will post 6.25 earnings per share for the current year.

Hedge Funds Weigh In On Stifel Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Activest Wealth Management raised its position in shares of Stifel Financial by 12,000.0% in the 4th quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 240 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Stifel Financial in the 3rd quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Stifel Financial in the 4th quarter valued at approximately $34,000. Pinnacle Holdings LLC acquired a new position in shares of Stifel Financial in the 3rd quarter valued at approximately $32,000. Finally, IAG Wealth Partners LLC acquired a new position in shares of Stifel Financial in the 3rd quarter valued at approximately $39,000. 82.01% of the stock is owned by institutional investors and hedge funds.

About Stifel Financial

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.