Stifel Financial Corporation Plans Quarterly Dividend of $0.46 (NYSE:SF)

Key Points

• Stifel Financial Corporation declared a quarterly dividend of $0.46 per share, payable to shareholders on September 16th, indicating an annualized yield of 1.6%.
• The company reported $1.71 EPS for the last quarter, surpassing analyst expectations, with a year-over-year revenue increase of 5.4% to $1.28 billion.
• Stifel Financial's dividend payout ratio is 20.9%, suggesting that the dividend is well-covered by earnings, with predicted future earnings of $9.40 per share.

Stifel Financial Corporation (NYSE:SF - Get Free Report) announced a quarterly dividend on Wednesday, August 6th, RTT News reports. Shareholders of record on Tuesday, September 2nd will be given a dividend of 0.46 per share by the financial services provider on Tuesday, September 16th. This represents a c) dividend on an annualized basis and a yield of 1.6%.

Stifel Financial has a dividend payout ratio of 20.9% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 0.3%

Shares of NYSE SF traded down $0.30 during mid-day trading on Wednesday, reaching $111.90. 895,260 shares of the company's stock were exchanged, compared to its average volume of 807,254. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.81. The firm has a market capitalization of $11.50 billion, a price-to-earnings ratio of 21.69 and a beta of 1.11. The company's 50-day moving average is $103.87 and its 200-day moving average is $99.89. Stifel Financial has a 52-week low of $73.27 and a 52-week high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $1.71 EPS for the quarter, topping the consensus estimate of $1.65 by $0.06. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Stifel Financial had a return on equity of 13.93% and a net margin of 11.90%. The company's quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the business posted $1.60 earnings per share. Analysts expect that Stifel Financial will post 8.26 EPS for the current fiscal year.

Insider Activity at Stifel Financial

In related news, Director Michael J. Zimmerman sold 10,000 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $96.69, for a total transaction of $966,900.00. Following the transaction, the director directly owned 45,833 shares in the company, valued at approximately $4,431,592.77. This represents a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.57% of the stock is currently owned by corporate insiders.

Institutional Trading of Stifel Financial

Institutional investors have recently modified their holdings of the company. NBC Securities Inc. acquired a new stake in shares of Stifel Financial in the first quarter worth $26,000. Alpine Bank Wealth Management acquired a new stake in Stifel Financial in the first quarter valued at approximately $27,000. Bessemer Group Inc. grew its position in Stifel Financial by 52.1% in the fourth quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 110 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Stifel Financial by 123.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 183 shares during the period. Finally, Allworth Financial LP lifted its position in shares of Stifel Financial by 67.7% during the first quarter. Allworth Financial LP now owns 337 shares of the financial services provider's stock worth $29,000 after purchasing an additional 136 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.