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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) 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.
Ultivue, a leader in multiplexing tools for tissue biomarker analysis, will present at the Stifel 2021 Virtual Healthcare Conference from November 15-17, 2021. CEO Jacques Corriveau and CFO Richard C. Malabre are set to speak on November 17 at 9:20 am ET. They aim to discuss the company's growth and innovative products, emphasizing Ultivue's contributions to precision medicine through its InSituPlex technology. For more details, visit Ultivue.com.
Stifel Financial Corp. (NYSE: SF) has declared a cash dividend of $0.15 per share on its common stock, payable on December 15, 2021, to shareholders on record by December 1, 2021. Additionally, the board announced quarterly cash dividends on its preferred stocks: $0.390625 for Series B, $0.3828125 for Series C, and $0.281250 for Series D, effective for the period from September 15 to December 15, 2021. These dividends reflect the company’s commitment to returning value to shareholders.
Stifel Financial Corp. has announced a partnership to become the presenting sponsor of the inaugural Jimmy Kimmel LA Bowl, marking its first college football sponsorship. The game, featuring Mountain West's No. 1 team against Pac-12's No. 5, will take place on December 18 at SoFi Stadium. Stifel's branding will be prominently displayed in the game and on team uniforms, enhancing its visibility in Southern California. Additionally, Stifel will engage in community efforts alongside local organizations, exemplifying its commitment to community service and client-first culture.
Stifel Financial Corp. (NYSE: SF) has completed its acquisition of Vining Sparks, a leading firm in providing balance sheet and investment solutions. This strategic move reinforces Stifel’s position within the investment banking sector for U.S. depository institutions. Vining Sparks, established in 1981, has approximately 275 employees and serves over 4,000 institutional clients nationwide, averaging $150 billion in annual trading volume. The acquisition is expected to enhance Stifel's service offerings and market reach.
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