Welcome to our dedicated page for Stifel Financial news (Ticker: SF), a resource for investors and traders seeking the latest updates and insights on Stifel Financial stock.
Stifel Financial Corp. (NYSE: SF), established in 1890, is one of the nation’s leading full-service financial services firms. Headquartered in St. Louis, Missouri, Stifel provides a wide range of services including brokerage, trading, investment banking, and investment advisory services to individual investors, professional money managers, businesses, and municipalities. With over 350 locations across 45 states and the District of Columbia, Stifel ranks as the 6th largest brokerage firm in the United States based on the number of financial advisors, boasting approximately 2,100 advisors.
The company’s core business is divided into two main segments: Global Wealth Management and Institutional Securities. The Global Wealth Management division generates about 60% of the company’s net revenue, supporting a vast network of financial advisors. The Institutional Securities division, which includes equity and fixed income trading, investment banking, and research services, contributes the remaining revenue.
Stifel has a robust equity research department that has garnered accolades from renowned publications such as The Wall Street Journal, Forbes, and The Financial Times. The firm also features subsidiaries like Century Securities Associates, Inc., and Stifel Nicolaus Limited, which enhance its service offerings.
Stifel is known for its strategic acquisitions, which have expanded its market presence and service capabilities. One key acquisition is KBW (Keefe, Bruyette & Woods), which has strengthened Stifel’s footprint in the financial services sector.
In recent news, Stifel reported net revenues of $1.0 billion for the third quarter of 2023, consistent with the same period in the previous year. However, net income available to common shareholders decreased to $58.8 million from $141.8 million. Despite this, the firm remains committed to growth, as evidenced by its recognition for ‘Reopening the IPO Market and Taking More Companies Public Than its Competitors.’ Stifel and its subsidiary KBW served as bookrunners on several high-profile IPOs in sectors like consumer, natural resources, and specialty finance.
For more information, Stifel’s Investor Relations can be contacted via Joel Jeffrey, Senior Vice President, at (212) 271-3610 or investorrelations@stifel.com.
Stifel Financial Corp. (NYSE: SF) announced a major equity grant program for approximately 4,200 employees, aiming to make nearly all employees shareholders. Each employee will receive a one-time restricted stock unit grant of $5,000, with future new hires also eligible for similar awards. Chairman and CEO Ronald Kruszewski emphasized that this initiative fosters an ownership culture vital for the company's growth. The program highlights Stifel's commitment to empowering its employees and strengthening its 'one firm' culture.
iCapital announced an agreement to acquire Stifel Financial Corp.'s alternative investment feeder fund platform, enhancing their existing partnership. Upon closing, iCapital will manage over
Greenbriar Equity Group has acquired a majority stake in JEGS Automotive, a national retailer of aftermarket auto parts. This investment marks Greenbriar's first institutional commitment to JEGS, focusing on product and market expansion, alongside technological enhancements. Established in 1960, JEGS has transitioned from a local shop to an online leader with over 2 million products. The Coughlin Family retains a minority stake, expressing confidence in Greenbriar’s vision. Stifel Financial served as JEGS' exclusive financial advisor in this transaction, which was completed in December 2021.
Stifel Financial Corp. (NYSE: SF) has been awarded the title of 2021 U.S. Mid-Market Equity House of the Year by International Financing Review (IFR), recognizing its exceptional capital markets performance. The firm experienced its most successful year as a bookrunner, completing 89 offerings and achieving a league table credit of $4.4 billion, nearly double from 2020. Stifel's expansion into cryptocurrency and cross-border listings, along with its strategic global presence, were highlighted as key factors in its success. This marks Stifel's second recognition by IFR, having previously received the award in 2017.
Stifel Financial Corp. (NYSE: SF) has declared a cash dividend on its 6.25% Series B, 6.125% Series C, and 4.50% Series D Non-Cumulative Perpetual Preferred Stock. The dividends are for the period from December 15, 2021, through March 15, 2022. The amounts are approximately $0.390625 for Series B, $0.3828125 for Series C, and $0.281250 for Series D per depositary share. These dividends will be paid on March 15, 2022, to shareholders of record on March 1, 2022. Additionally, a common stock dividend of $0.30 per share is also declared for the same payment date.
Stifel Financial Corp. (NYSE: SF) announces a partnership with LFE Capital, a growth equity firm focused on women-owned health and wellness businesses. Stifel is making a minority investment in LFE Capital and becoming a limited partner in its fourth fund. This collaboration aims to enhance access to capital for female entrepreneurs, addressing the underfunding of women-led businesses—receiving only 2% of VC dollars in 2021. Both companies emphasize shared goals of promoting diversity and fostering innovation in the business sector.
Stifel Financial Corp. (NYSE: SF) has declared a cash dividend of $0.30 per share, payable on March 15, 2022, with the record date set for March 1, 2022. The company announced a remarkable 100% increase in its annual dividend, rising to $1.20 from $0.60. For 2021, Stifel reported record net revenues of $4.7 billion, a 26% increase year-over-year, with net income soaring to $789.3 million, or $6.66 per diluted share.
Stifel Financial Corp. reported record net revenues of $1.3 billion for Q4 2021, up from $1.1 billion in Q4 2020. Net income surged to $252.1 million or $2.12 per diluted share, a significant increase from $180.8 million or $1.55 per diluted share. For FY 2021, net revenues reached $4.7 billion, a 26% rise YoY, with net income of $789.3 million or $6.66 per diluted share. The firm achieved its 26th consecutive year of record revenues and announced a 100% increase in its dividend starting Q1 2022.
Stifel Financial Corp. (NYSE: SF) will announce its fourth quarter and full year 2021 results on January 26, 2022, before market open. A conference call hosted by Chairman and CEO Ronald J. Kruszewski will follow at 9:30 a.m. Eastern Time. This call will include a review of the financial results and may feature forward-looking statements. Interested parties can join the call by dialing (877) 876-9938 with conference ID 4799655, or listen via a live webcast on Stifel's website. A replay will be available approximately one hour after the call.
Stifel Financial Corp. (NYSE: SF) announced the hiring of three key professionals in its Sponsor Finance Group, aiming to enhance services for the private equity community. Kayle Green and Brandon Kelley, former co-founders of BBVA’s Sponsor Coverage division, join as Managing Directors, while Cole Morgan joins as Assistant Vice President. The group has facilitated $1.9 billion in commitments and 135 transactions since its inception in 2016, focusing on senior debt options for middle-market companies.
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