Stifel Financial Corp. (NYSE:SF) and Lord Abbett, LLC, today announced the formation of a substantial leveraged lending joint venture, SBLA Private Credit. SBLA Private Credit will focus on both new issue and existing loans to small and mid-sized portfolio companies of financial sponsors and compliments the existing capabilities of both firms.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/12/2024 | $101.00 | Overweight | Wells Fargo |
| 7/22/2024 | Outperform → Peer Perform | Wolfe Research | |
| 7/8/2024 | $94.00 → $89.00 | Buy → Hold | TD Cowen |
| 1/4/2024 | $83.00 | Outperform | TD Cowen |
| 11/22/2022 | $66.00 | Neutral | UBS |
| 10/12/2022 | $60.00 | Neutral | Citigroup |
| 1/27/2022 | $93.00 → $100.00 | Market Outperform | JMP Securities |
| 10/28/2021 | $87.00 → $92.00 | Market Outperform | JMP Securities |
Enters into Agreement with Stifel Financial Corp. to Sell a Portion of Wealth Management Business LOS ANGELES, Nov. 1, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ:RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced that it has signed a definitive agreement to sell a portion of its traditional (W-2) Wealth Management business to Stifel Financial Corp. (NYSE:SF) ("Stifel") for estimated net consideration of $27 million to $35 million in cash. The transaction does not include B. Riley's approximately 190 independent advisors and 90 tax professionals. Subject to the terms of the agreement, the final consideration will be based on the number of
ST. LOUIS, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE:SF) today announced that its Board of Directors has declared a cash dividend on shares of its common stock of $0.42 per share, payable December 16, 2024, to shareholders of record at the close of business on December 2, 2024. The Board of Directors also declared a quarterly cash dividend on the outstanding shares of its 6.25% Non-Cumulative Perpetual Preferred Stock, Series B (the "Series B Preferred Stock"), 6.125% Non-Cumulative Perpetual Preferred Stock, Series C (the "Series C Preferred Stock"), and 4.50% Non-Cumulative Perpetual Preferred Stock, Series D (the "Series D Preferred Stock"). The declared cash divid
ST. LOUIS, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE:SF) today reported net revenues of $1.2 billion for the three months ended September 30, 2024, compared with $1.0 billion a year ago. Net income available to common shareholders was $149.2 million, or $1.34 per diluted common share, compared with $58.8 million, or $0.52 per diluted common share for the third quarter of 2023. Non-GAAP net income available to common shareholders was $166.3 million, or $1.50 per diluted common share for the third quarter of 2024. Ronald J. Kruszewski, Chairman and Chief Executive Officer, said "The third quarter represented our second highest quarterly net revenue, an increase of 1
4 - STIFEL FINANCIAL CORP (0000720672) (Issuer)
4 - STIFEL FINANCIAL CORP (0000720672) (Issuer)
4 - STIFEL FINANCIAL CORP (0000720672) (Issuer)
SC 13G/A - STIFEL FINANCIAL CORP (0000720672) (Subject)
SC 13G/A - STIFEL FINANCIAL CORP (0000720672) (Subject)
SC 13G/A - STIFEL FINANCIAL CORP (0000720672) (Subject)
Wells Fargo initiated coverage of Stifel Financial with a rating of Overweight and set a new price target of $101.00
Wolfe Research downgraded Stifel Financial from Outperform to Peer Perform
TD Cowen downgraded Stifel Financial from Buy to Hold and set a new price target of $89.00 from $94.00 previously
8-K - STIFEL FINANCIAL CORP (0000720672) (Filer)
8-K - STIFEL FINANCIAL CORP (0000720672) (Filer)
N-PX - STIFEL FINANCIAL CORP (0000720672) (Filer)
ST. LOUIS, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE:SF) today announced that its Board of Directors has declared a cash dividend on shares of its common stock of $0.42 per share, payable December 16, 2024, to shareholders of record at the close of business on December 2, 2024. The Board of Directors also declared a quarterly cash dividend on the outstanding shares of its 6.25% Non-Cumulative Perpetual Preferred Stock, Series B (the "Series B Preferred Stock"), 6.125% Non-Cumulative Perpetual Preferred Stock, Series C (the "Series C Preferred Stock"), and 4.50% Non-Cumulative Perpetual Preferred Stock, Series D (the "Series D Preferred Stock"). The declared cash divid
ST. LOUIS, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE:SF) today reported net revenues of $1.2 billion for the three months ended September 30, 2024, compared with $1.0 billion a year ago. Net income available to common shareholders was $149.2 million, or $1.34 per diluted common share, compared with $58.8 million, or $0.52 per diluted common share for the third quarter of 2023. Non-GAAP net income available to common shareholders was $166.3 million, or $1.50 per diluted common share for the third quarter of 2024. Ronald J. Kruszewski, Chairman and Chief Executive Officer, said "The third quarter represented our second highest quarterly net revenue, an increase of 1
ST. LOUIS, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE:SF) will release its third quarter 2024 financial results before the market opens on Wednesday, October 23, 2024. The company will host a conference call to review the results at 9:30 a.m. Eastern time that same day. The conference call may include forward-looking statements. All interested parties are invited to listen to Stifel Chairman and CEO Ronald J. Kruszewski by dialing (866) 409-1555 and referencing participant ID 7408307. A live audio webcast of the call, as well as a presentation highlighting the company's results, will be available through Stifel's website, www.stifel.com. For those who cannot listen to
ST. LOUIS, March 14, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE:SF) today announced it has signed a definitive agreement to acquire Finance 500, Inc. ("Finance 500") and CB Resource, Inc. ("CBR"). Terms of the transaction were not disclosed. The Irvine-based companies, which operate as strategic partners under common ownership, are market leaders in the underwriting and issuance of certificates of deposits, having assisted more than 1,200 depository institutions in raising over $200 billion to support near and long-term funding needs. CBR offers an advanced technology-enabled platform to deliver enterprise risk management, strategic planning, capital planning, and inter
Firm's SIAccess 2023 Forum evaluated as "resounding success" by top financial advisors ST. LOUIS, Oct. 11, 2023 /PRNewswire/ -- Stifel Financial Corp. (NYSE:SF) today announced that its independent contractor broker-dealer subsidiary, Stifel Independent Advisors, LLC, concluded its highly anticipated SIAccess 2023 Forum. This year's conference, held this fall, brought together industry leaders, experts, and Stifel's C-suite executives for an event that delivered insight and education for Stifel Independent Advisors' network of elite financial advisors taking their practices to the next level with the firm. Stifel Independent Advisors currently oversees $6.5 billion in assets under management
ST. LOUIS, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE:SF) today announced that Eric Needleman, Global Head of Fixed Income, plans to retire at the end of this year. "We are deeply grateful for Eric's dedication, leadership, and the lasting impact he has made on our firm," said Stifel Chairman and CEO Ron Kruszewski. "He set a standard of excellence that will continue to define Stifel's approach to the fixed income business. I wish him well in this new chapter." Mr. Needleman joined Stifel in 2015 through the firm's acquisition of Stern Agee, where he served as Chairman & CEO. During his tenure, Stifel's Fixed Income Division has achieved remarkable milestones, maintai
U.S. stocks were lower, with the Dow Jones index falling around 350 points on Wednesday. Shares of AT&T Inc. (NYSE:T) rose during Wednesday's session following second-quarter earnings. AT&T reported fiscal second-quarter 2024 operating revenues of $29.8 billion, down 0.4% year over year and missing the analyst consensus estimate of $29.9 billion. Adjusted EPS of 57 cents is in line with the analyst consensus estimate, according to data from Benzinga Pro. AT&T shares gained 3.1% to $18.78 on Wednesday. Here are some other big stocks recording gains in today’s session. PROG Holdings, Inc. (NYSE:PRG) shares jumped 20.4% to $41.71 after the company reported better-than-expected s
Stifel Financial (NYSE:SF) reported quarterly earnings of $1.60 per share which beat the analyst consensus estimate of $1.54 by 3.9 percent. The company reported quarterly sales of $1.218 billion which beat the analyst consensus estimate of $1.186 billion by 2.73 percent. This is a 15.89 percent increase over sales of $1.051 billion the same period last year.
Wolfe Research analyst Steven Chubak downgrades Stifel Financial (NYSE:SF) from Outperform to Peer Perform.