Stifel Financial Corp. - SF STOCK NEWS

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.

Stifel Financial Corp. (NYSE: SF) reported strong third-quarter results for 2021, achieving net income of $182.7 million ($1.54 per diluted share) on revenues of $1.1 billion, marking a 30% year-over-year increase. Non-GAAP net income stood at $195.7 million ($1.65 per diluted share). The company's record client assets reached $407 billion, up 25% from the previous year. Key segments, Global Wealth Management and Institutional Group, both reported significant revenue growth. Stifel expects to continue its long-standing growth track record into the future.

Stifel Financial Corp. (NYSE: SF) will announce its third quarter 2021 financial results on October 27, 2021, before market opening. A conference call hosted by Chairman and CEO Ronald J. Kruszewski will follow at 9:30 a.m. Eastern time on the same day. Interested parties can participate via phone or listen to a live audio webcast on Stifel's website. A replay will be available post-call. The company, headquartered in St. Louis, offers a range of financial services through various subsidiaries.

Stifel Financial Corp. (NYSE: SF) announces the addition of the Lake Wealth Management Group to its broker-dealer subsidiary. The team, consisting of advisors Tim Kertz, Joe Hartman, and Elgin Rees, has 55 years of combined experience and previously managed $330 million in client assets at Wells Fargo Advisors. They will operate from new offices in Lake Ozark and California, Missouri, enhancing Stifel's client services. Kertz praised Stifel's investments in advisors and clients, while Jim Zemlyak highlighted the firm's supportive and entrepreneurial culture.

Stifel Financial Corp. (NYSE: SF) announced the hiring of Mark Kelley as a Managing Director and Senior Equity Research Analyst, focusing on the internet sector, effective immediately. Kelley, who has extensive experience covering internet companies since 2015, joins from Walleye Capital and has previously worked with Nomura Instinet, Citigroup, and Barclays. This addition enhances Stifel's technology research team, now comprising 32 senior analysts covering 370 companies, reflecting the firm's commitment to its research platform amid rising demand for internet-related insights.

Stifel Financial Corp. (NYSE: SF) has announced a definitive agreement to acquire Vining Sparks, a leading institutional fixed income broker, for an undisclosed amount, expected to close in Q4 2021. Vining Sparks, established in 1981, has around 275 employees and serves over 4,000 institutional clients across the U.S., averaging $150 billion in annual trading volume. This acquisition aims to combine the client-centric approaches of both firms and expand Stifel's market presence, leveraging Vining's client relationships for future growth.

Stifel Financial Corp. (NYSE: SF) has appointed Ed Ribaudo as Managing Director and Head of Leveraged Finance Capital Markets, effective September 23, 2021. Ribaudo, previously at Houlihan Lokey, brings extensive experience in syndicated leveraged finance. His role will involve leading Stifel's Leveraged Finance Capital Markets and Syndicate functions from the New York office. The company aims to enhance its offerings in non-investment-grade debt products, which include high-yield bonds and credit facilities, to support clients in leveraging for growth and acquisitions.