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) reported the successful recruitment of 23 financial advisors in 2022, amassing over $2.53 billion in client assets, raising total assets under management to over $6 billion. The firm's independent contractor broker-dealer, Stifel Independent Advisors, is focused on enhancing diversity within its advisor network. CEO Alex David highlighted the firm's commitment to inclusivity, noting that over 40% of client assets are managed by women and underrepresented minority groups. This recruitment surge underscores Stifel's appeal as a preferred choice for elite wealth management teams.
Stifel Financial Corp. (NYSE: SF) reported net revenues of $1.1 billion for Q4 2022, down from $1.3 billion a year ago. Net income available to common shareholders was $167.3 million ($1.43 per diluted share), compared to $252.1 million ($2.12) in Q4 2021. For the full year, net revenues totaled $4.4 billion, down from $4.7 billion in 2021, with net income of $624.9 million ($5.32 per share). Despite a challenging market, the company achieved a 20% increase in its quarterly dividend and saw record net interest income, up 79%. The company also recruited 152 financial advisors in 2022, enhancing its growth prospects.
Stifel Financial Corp. (NYSE: SF) has declared a cash dividend of $0.36 per share on its common stock, payable on March 15, 2023, to shareholders on record by March 1, 2023. Additionally, it announced quarterly dividends for its preferred stock, including Series B at approximately $390.625 per share, Series C at $382.8125 per share, and Series D at $281.250 per share, all payable on March 15, 2023. The preferred stocks trade under the symbols SF PrB, SF PrC, and SF PrD.
Stifel Financial Corp. (NYSE: SF) will announce its fourth quarter and full year 2022 financial results on January 25, 2023, prior to market opening. A conference call led by Chairman and CEO Ronald J. Kruszewski will take place at 9:30 a.m. ET to discuss the results, which may include forward-looking statements. Interested parties can join by calling (888) 394-8218, using participant ID 2527655. A live audio webcast, along with a presentation of the results, will be available on Stifel’s website. A replay of the call will also be accessible one hour after its conclusion.
Stifel Financial Corp. (NYSE: SF) provided key performance metrics as of November 30, 2022. The Wealth Management business showed resilience with a 2.1% increase in client cash balances and strong client asset growth—4.5% in total assets and 4.7% in fee-based assets. However, challenges persist with expected lower Advisory revenue due to transaction closing delays and reduced activity in the fixed income sector. Total client assets stood at $399.6 billion, reflecting a 5.3% year-over-year decline. Despite these headwinds, Stifel remains optimistic about its Institutional Group's performance.
Stifel Financial Corp. (NYSE: SF) has signed a definitive agreement to acquire Torreya Partners LLC, a prominent independent M&A and advisory firm for the life sciences sector. Founded in 2007, Torreya specializes in biotechnology and pharmaceuticals, bolstering Stifel's position in healthcare. With over 40 professionals across key global markets, the acquisition aims to enhance Stifel's capabilities in complex deals. The transaction's terms are undisclosed, yet it is expected to solidify Stifel's leadership in the healthcare advisory landscape.
Stifel Financial Corp. (NYSE: SF) reported selected operating results as of October 31, 2022, emphasizing a 5% increase in client assets and fee-based assets attributed to financial advisor recruitment and equity market appreciation. Despite a 10% decline in total client assets compared to the previous year, the company successfully retained its deposit base and attracted new cash balances. CEO Ronald Kruszewski noted ongoing challenges for the Institutional Group, with quarterly revenues being influenced by market conditions and advisory transaction timing.
Stifel Financial Corp. (NYSE: SF) has declared a cash dividend of $0.30 per share, payable on December 15, 2022, to shareholders of record by December 1, 2022. Additionally, the Board announced quarterly cash dividends for its preferred stocks: $0.390625 per share for Series B, $0.3828125 for Series C, and $0.281250 for Series D, also payable on December 15, 2022. These dividends reflect Stifel's commitment to returning value to shareholders while maintaining its financial strength.
Stifel Financial (NYSE:SF) has entered a significant partnership with U.S. Ski & Snowboard, becoming the title sponsor of the U.S. Alpine Team. This collaboration encompasses all elite levels of alpine ski racing in North America, supporting athletes like Mikaela Shiffrin and Ryan Cochran-Siegle. The partnership includes a career and financial education program for athletes and sponsorship of major events, including the men's FIS Alpine Ski World Cup. Stifel's commitment strengthens their brand visibility and support for young athletes progressing to international competitions.
Stifel Financial Corp. (NYSE: SF) announced the addition of Catlett/Godin Wealth Management to its broker-dealer subsidiary in Wilmington, North Carolina. The team, previously from UBS, manages $320 million in client assets and consists of Sam Catlett, Todd Godin, and Adrieanna Piantedosi. The transition highlights Stifel's commitment to client relationships and its ability to provide comprehensive services. Stifel continues its expansion in North Carolina, signaling growth and a strategic focus on enhancing client service.
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