Stifel Fin Corp Stock Price, News & Analysis

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.

Stifel Financial Corp. (NYSE: SF) announces a partnership with LFE Capital, a growth equity firm focused on women-owned health and wellness businesses. Stifel is making a minority investment in LFE Capital and becoming a limited partner in its fourth fund. This collaboration aims to enhance access to capital for female entrepreneurs, addressing the underfunding of women-led businesses—receiving only 2% of VC dollars in 2021. Both companies emphasize shared goals of promoting diversity and fostering innovation in the business sector.

Stifel Financial Corp. (NYSE: SF) has declared a cash dividend of $0.30 per share, payable on March 15, 2022, with the record date set for March 1, 2022. The company announced a remarkable 100% increase in its annual dividend, rising to $1.20 from $0.60. For 2021, Stifel reported record net revenues of $4.7 billion, a 26% increase year-over-year, with net income soaring to $789.3 million, or $6.66 per diluted share.

Stifel Financial Corp. reported record net revenues of $1.3 billion for Q4 2021, up from $1.1 billion in Q4 2020. Net income surged to $252.1 million or $2.12 per diluted share, a significant increase from $180.8 million or $1.55 per diluted share. For FY 2021, net revenues reached $4.7 billion, a 26% rise YoY, with net income of $789.3 million or $6.66 per diluted share. The firm achieved its 26th consecutive year of record revenues and announced a 100% increase in its dividend starting Q1 2022.

Stifel Financial Corp. (NYSE: SF) will announce its fourth quarter and full year 2021 results on January 26, 2022, before market open. A conference call hosted by Chairman and CEO Ronald J. Kruszewski will follow at 9:30 a.m. Eastern Time. This call will include a review of the financial results and may feature forward-looking statements. Interested parties can join the call by dialing (877) 876-9938 with conference ID 4799655, or listen via a live webcast on Stifel's website. A replay will be available approximately one hour after the call.

Stifel Financial Corp. (NYSE: SF) announced the hiring of three key professionals in its Sponsor Finance Group, aiming to enhance services for the private equity community. Kayle Green and Brandon Kelley, former co-founders of BBVA’s Sponsor Coverage division, join as Managing Directors, while Cole Morgan joins as Assistant Vice President. The group has facilitated $1.9 billion in commitments and 135 transactions since its inception in 2016, focusing on senior debt options for middle-market companies.