Stifel Fin Corp Stock Price, News & Analysis

Stifel Financial Corp. (NYSE: SF) has successfully completed its acquisition of ACXIT Capital Partners, a corporate finance firm focused on European middle-market clients. This strategic move adds around 50 investment banking professionals located in key cities like Frankfurt, Zurich, and Munich. With this acquisition, Stifel aims to enhance its presence in the DACH (Germany, Austria, and Switzerland) markets and broaden its advisory services. Key executives from ACXIT, including Johannes Lucas and Thomas Klack, have joined Stifel’s management team, emphasizing a strong cultural alignment and commitment to client-first service.

Stifel Financial Corp. (NYSE: SF) announced the appointment of Michael Gonzales as Managing Director in its Fixed Income Capital Markets Group, effective June 14, 2022. Gonzales, a fixed income specialist with 28 years of experience, will lead efforts to enhance front-end credit sales, focusing on asset-backed securities, corporate debt, government securities, and structured notes. Previously at Citigroup, he brings deep institutional relationships and product expertise. Stifel aims to expand its fixed income platform to meet client needs amid market uncertainties.

Stifel Financial Corp. (NYSE: SF) announced its acquisition of ACXIT Capital Partners, expanding its European presence into key markets like Germany. ACXIT, with around 50 professionals, specializes in corporate finance and advisory services for mid-market clients, having completed nearly 500 transactions since its inception in 1999. This strategic move aims to enhance Stifel's investment banking capabilities and provide broader access to international markets and clients, particularly in healthcare and technology sectors.

Stifel Financial Corp. (NYSE: SF) announced key hires in its Municipal Securities Group, adding eight experienced professionals from Boenning & Scattergood. This expansion enhances Stifel's Public Finance capabilities in the Mid-Atlantic region, now featuring over 30 Public Finance offices nationwide. The firm continues its strong performance in municipal underwriting, having underwritten 1,000 negotiated municipal new issues in 2021, and remains a top-ranked player in the sector. Stifel's commitment to building its platform further positions it for growth in municipal capital markets.

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.