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 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.
Stifel Financial Corp. (NYSE: SF) announced the hiring of David Rubulotta and the promotion of Brant McDuffie as Deputy Co-Heads of Fixed Income Capital Markets, effective September 14, 2021. Rubulotta joins from Citigroup, bringing 25 years of fixed income experience, while McDuffie will continue his current responsibilities alongside his new role. Both will report to Eric Needleman, Global Head of Fixed Income Capital Markets, aiming to enhance Stifel's offerings in a challenging market.
Stifel Financial Corp. (NYSE: SF) has declared a cash dividend of $0.15 per share, payable on September 15, 2021, to shareholders of record as of September 1, 2021. Additionally, dividends were announced for its 6.25% Series B and 6.125% Series C Preferred Stocks, both for the period ending on September 15, 2021, and also for its 4.50% Series D Preferred Stock. The amounts are approximately $0.390625 for Series B, $0.3828125 for Series C, and $0.168750 for Series D. The Board also approved the redemption of the Series A Preferred Stock.
Stifel Financial Corp. (NYSE: SF) reported impressive Q2 2021 results, with net income of $189.8 million, or $1.60 per diluted share, up 74% from the previous year. Net revenues reached a record $1.2 billion, a 29% increase year-over-year. Non-GAAP net income was $202.1 million, or $1.70 per diluted share. Client assets surged 31% to $402.4 billion, bolstered by growth in fee-based assets. The company anticipates sustaining this momentum, reflected in its raised guidance for the year.
Stifel Financial Corp. (NYSE: SF) will announce its second quarter 2021 financial results on July 28, 2021, prior to market opening. A conference call hosted by Chairman and CEO Ronald J. Kruszewski will take place at 9:30 a.m. Eastern Time on the same day, inviting stakeholders to discuss the results. Interested parties can participate by calling (877) 876-9938 and using conference ID 4838637. A live audio webcast and presentation will be accessible on Stifel's website, with a replay available shortly after the call's conclusion.
Stifel Financial Corp. (NYSE: SF) will redeem all 6,000,000 depositary shares of its 6.25% Non-Cumulative Preferred Stock, Series A, at a price of $25.00 per share, plus accrued dividends. The redemption date is set for August 20, 2021. The shares will be redeemed per The Depository Trust Company's procedures, with Computershare Trust Company acting as the redemption agent. This decision may affect preferred stockholders and reflects Stifel's financial strategies.
Stifel Financial Corp. (NYSE: SF) announced a public offering of 12,000,000 depositary shares, totaling $300 million. Each share represents a 1/1000th interest in a 4.50% Non-Cumulative Perpetual Preferred Stock, Series D, with a liquidation preference of $25,000 per share. Dividends will be paid quarterly at an annual rate of 4.50%. The offering's net proceeds will be utilized to redeem outstanding Series A Preferred Stock and for general corporate purposes. The expected closing date is July 22, 2021.
FAQ
What is the current stock price of Stifel Financial (SF)?
What is the market cap of Stifel Financial (SF)?
What services does Stifel Financial Corp. offer?
Where is Stifel Financial Corp. headquartered?
How many financial advisors does Stifel employ?
What percentage of Stifel's revenue comes from Global Wealth Management?
Who are some of Stifel's notable subsidiaries?
How did Stifel perform financially in the third quarter of 2023?
What recent recognition has Stifel received?
How can I contact Stifel's Investor Relations?
Has Stifel been involved in any high-profile IPOs recently?
What is the historical significance of Stifel Financial Corp.?
