Stifel Fin Corp Stock Price, News & Analysis

Stifel Financial Corp. (NYSE: SF) has declared a cash dividend of $0.30 per share, payable on June 15, 2022, to shareholders of record by June 1, 2022. Additionally, quarterly dividends were announced for its preferred stocks: 6.25% Series B at $0.390625 per depositary share, 6.125% Series C at $0.3828125, and 4.50% Series D at $0.281250. All dividends are also payable on June 15, 2022. Stifel is a financial services holding company based in St. Louis, Missouri, operating various subsidiaries.

Stifel Financial Corp. reported net revenues of $1.1 billion for Q1 2022, unchanged from the previous year. Net income available to common shareholders was $164.2 million, or $1.39 per diluted share, slightly down from $164.7 million, or $1.40 the prior year. Highlights include record Global Wealth Management revenues of $681.7 million (up 8% year-over-year), increased net interest income by 38%, and an annualized ROTCE of 24%. However, equity transactional revenues decreased 29% due to market volatility.

Stifel Financial Corp. (NYSE: SF) has released its inaugural Environmental, Social & Governance (ESG) Report, highlighting its commitment to responsible business practices. As of Dec 31, 2021, the company manages $5.2 billion in ESG assets and has been active in community support, underwriting over $1.9 billion in Community Reinvestment Act bonds. In 2021, employees completed 33,000 hours of compliance training and logged 2,625 volunteer hours, alongside $6.63 million in charitable donations. Stifel also offset 13,500 metric tons of carbon emissions as part of its environmental initiatives.

Stifel Financial Corp. (NYSE: SF) is set to announce its Q1 2022 financial results on April 27, 2022, before market opening. A conference call to discuss these results will occur at 9:30 a.m. ET. All interested parties can join via phone or a live audio webcast, available on Stifel’s website. The call will include forward-looking statements. Stifel operates through various subsidiaries, offering comprehensive financial services, including brokerage, investment banking, and lending. For additional details, visit www.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 $118 billion in platform assets and employ 770 staff. This acquisition aims to streamline operations and support high-net-worth investors through improved technology. The deal is expected to close later this quarter, although financial terms remain undisclosed. Stifel will continue to source alternative investments for its clients while iCapital leverages its technology for better service.

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.