Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States, the United Kingdom, rest of Europe, and Canada. The company operates in three segments: Global Wealth Management, Institutional Group, and Other. It provides private client services, including securities transaction and financial planning services; institutional equity and fixed income sales, trading and research, and municipal finance services; investment banking services, such as mergers and acquisitions, public offerings, and private placements; and retail and commercial banking services comprising personal and commercial lending programs, as well as deposit accounts. The company also participates in and manages underwritings for corporate and public finance, as well as offers financial advisory services. Stifel Financial Corp. was founded in 1890 and is headquartered in St. Louis, Missouri.
IPO Year:
Exchange: NYSE
Website: stifel.com
Date | Price Target | Rating | Analyst |
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12/10/2024 | $120.00 | Neutral | 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 |
10/5/2021 | $84.00 → $87.00 | Market Outperform | JMP Securities |
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STAMFORD, Conn., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Eaton Partners, one of the largest placement agents and fund advisory firms and a wholly-owned subsidiary of Stifel Financial Corp. (NYSE:SF), is pleased to have acted as lead placement agent for Colbeck Capital Management ("Colbeck"), a leading middle-market private credit firm focused on strategic lending. Colbeck's third flagship fund, Colbeck Strategic Lending III (the "Fund" or "CSL III"), raised $700 million in capital commitments, exceeding the target by 40%. This oversubscribed fundraise received strong support from both existing Colbeck clients and new investor relationships globally, including public and private pensions, insura
STAMFORD, Conn. and HONG KONG, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Eaton Partners, one of the largest placement agents and fund advisory firms and a wholly-owned subsidiary of Stifel Financial Corp. (NYSE:SF), is pleased to have acted as the Asia-Pacific placement agent for leading growth equity firm FTV Capital ("FTV" or the "Firm") for its latest flagship fund, FTV VIII, L.P. ("FTV VIII"), which the Firm raised alongside FTV Ascend I, L.P. ("FTV Ascend"). FTV VIII and FTV Ascend held final closes of $3.4 billion USD and $651 million USD respectively, bringing FTV's total capital raised since inception to over $10.2 billion USD, across growth equity investments in North America, Europe, and
ST. LOUIS and PARIS, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE:SF) today announced it has signed a definitive agreement to acquire Bryan, Garnier & Co. ("Bryan Garnier"), a leading independent full-service investment bank focused on European technology and healthcare companies. Terms of the transaction were not disclosed. Founded in 1996, Bryan Garnier's product suite includes mergers & acquisitions advisory, private and public growth financing solutions and institutional sales & execution. With a team of approximately 200 professionals, including 33 Managing Directors, Bryan Garnier is headquartered in Paris and has offices in London, Amsterdam, Munich, Oslo, Stock
ST. LOUIS, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE:SF) today reported selected operating results for November 30, 2024 in an effort to provide timely information to investors on certain key performance metrics. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed. Ronald J. Kruszewski, Chairman and Chief Executive Officer, said, "In November, total client assets under management climbed to a record $514 billion, including a record $197 billion in fee-based assets. This represents a 4% increase from the prior month, driven by strong equity markets and financial advisor recruiting. Client money market and insured product b
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2024. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX, ETF Ticker:N/A), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY
ST. LOUIS, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE:SF) today reported selected operating results for October 31, 2024 in an effort to provide timely information to investors on certain key performance metrics. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed. Ronald J. Kruszewski, Chairman and Chief Executive Officer, said, "Total client assets and fee-based assets increased 22% and 28%, respectively, from the same period a year ago, as we benefitted from strong market appreciation and our recruiting efforts. However, both metrics declined 1%, versus September 2024 levels, due to market declines. We continue to see p
ST. LOUIS, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE:SF) today announced the hiring of Brad Edgar as Managing Director and Lead Healthcare Equity Trader. He is based in the firm's New York office and reports directly to R.J. Grant, Head of Global Equity Trading at Stifel. Mr. Edgar joins Stifel from Seven Grand Managers, where he served as Partner, responsible for all risk execution and trading of the firm's equity portfolio. He brings more than 20 years of healthcare equity trading experience to his new role, having held the position of Head of Healthcare Equity Trading at firms including BMO, Evercore, and UBS. He began his career in healthcare equity trading at Mer
NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods (KBW), a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), has been ranked the No. 1 firm across multiple categories in the 2024 Extel (formerly Institutional Investor) All-America Team survey. KBW's Midcap Banks research franchise, at the core of the firm's equities platform, was voted No. 1 for the second straight year. Also, for a second year in a row, the Consumer Finance research team ranked No. 1. Elsewhere within the Equities Group, Corporate Access ranked No.1 for a fourth straight year and Equity Trading ranked No.
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
Analyst initiated coverage of Stifel Financial with a rating of Neutral and set a new price target of $120.00
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
TD Cowen initiated coverage of Stifel Financial with a rating of Outperform and set a new price target of $83.00
UBS initiated coverage of Stifel Financial with a rating of Neutral and set a new price target of $66.00
Citigroup initiated coverage of Stifel Financial with a rating of Neutral and set a new price target of $60.00
JMP Securities reiterated coverage of Stifel Financial with a rating of Market Outperform and set a new price target of $100.00 from $93.00 previously
JMP Securities reiterated coverage of Stifel Financial with a rating of Market Outperform and set a new price target of $92.00 from $87.00 previously
JMP Securities reiterated coverage of Stifel Financial with a rating of Market Outperform and set a new price target of $87.00 from $84.00 previously
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NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2024. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX, ETF Ticker:N/A), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY
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
NEW YORK, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the third quarter of 2024. This quarter, there are constituent changes within three of our indexes: the KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY). These changes will be effective prior to the opening of business
ST. LOUIS, Aug. 07, 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 September 17, 2024, to shareholders of record at the close of business on September 3, 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 div
ST. LOUIS, July 24, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE:SF) today reported net revenues of $1.2 billion for the three months ended June 30, 2024, compared with $1.1 billion a year ago. Net income available to common shareholders was $156.0 million, or $1.41 per diluted common share, compared with $125.0 million, or $1.10 per diluted common share for the second quarter of 2023. Non-GAAP net income available to common shareholders was $176.6 million, or $1.60 per diluted common share for the second quarter of 2024. Ronald J. Kruszewski, Chairman and Chief Executive Officer, said "Stifel generated our second highest quarterly net revenue in company history, as each of our o
ST. LOUIS, July 18, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE:SF) will release its second quarter 2024 financial results before the market opens on Wednesday, July 24, 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 th
ST. LOUIS, May 08, 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 June 17, 2024, to shareholders of record at the close of business on June 3, 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 dividend on th
ST. LOUIS, April 24, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE:SF) today reported net revenues of $1.2 billion for the three months ended March 31, 2024, compared with $1.1 billion a year ago. Net income available to common shareholders was $154.3 million, or $1.40 per diluted common share, compared with $148.2 million, or $1.28 per diluted common share for the first quarter of 2023. Non-GAAP net income available to common shareholders was $163.3 million, or $1.49 per diluted common share for the first quarter of 2024. Ronald J. Kruszewski, Chairman and Chief Executive Officer, said "Total net revenue of more than $1.16 billion was our second highest quarte
ST. LOUIS, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE:SF) today announced the hiring of Brad Edgar as Managing Director and Lead Healthcare Equity Trader. He is based in the firm's New York office and reports directly to R.J. Grant, Head of Global Equity Trading at Stifel. Mr. Edgar joins Stifel from Seven Grand Managers, where he served as Partner, responsible for all risk execution and trading of the firm's equity portfolio. He brings more than 20 years of healthcare equity trading experience to his new role, having held the position of Head of Healthcare Equity Trading at firms including BMO, Evercore, and UBS. He began his career in healthcare equity trading at Mer
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
ST. LOUIS, April 26, 2023 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE:SF) today announced the appointments of Maryam Brown and Lisa Carnoy to the firm's Board of Directors, effective April 26, 2023. "As exceptionally talented business leaders, Maryam and Lisa bring unique perspective and a valuable mix of industry and policy experience to our Board," said Ronald J. Kruszewski, Chairman and CEO of Stifel. "We are thrilled to welcome Maryam and Lisa to our Board and look forward to their future contributions to the firm." Maryam Brown is President of Southern California Gas Company (SoCalGas), the nation's largest gas distribution utility. Maryam has 25 years of experience in the ener
ST. LOUIS, Sept. 14, 2022 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE:SF) today announced the rehiring of Jonathan Knepper and Edward (E.J.) Osswalt as Managing Directors in the firm's Fixed Income Capital Markets Group. In their new roles, Mr. Knepper will focus on high yield and distressed sales, while Mr. Osswalt is responsible for Stifel's crossover trading, which includes credits moving between high yield and investment grade ratings. They are both based in the firm's New York City office. A fixed income sales specialist with over 30 years of industry experience, Knepper rejoins Stifel from Mizuho Securities USA, where he was a Managing Director in the firm's High Yield Sales d
ST. LOUIS, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE:SF) today announced that Jim Kavanaugh has been appointed a member of the firm's Board of Directors, effective August 2, 2022. "Jim represents all the qualities we want in a Board member," said Ronald J. Kruszewski, Chairman and CEO of Stifel. "Jim is widely recognized as an innovative business executive, an inclusive leader, and an outstanding corporate citizen deeply committed to giving back to the community. We are thrilled to welcome Jim to our Board and look forward to his future contributions to the firm." Jim Kavanaugh is the Co-Founder and CEO of World Wide Technology (WWT), a $14.5 billion Information Tech
VANCOUVER, British Columbia, June 27, 2022 (GLOBE NEWSWIRE) -- Euro Manganese Inc. ((TSX-V and ASX: EMN, OTCQX:EUMNF, Frankfurt: E06)) ("Euro Manganese", the "Company" or "EMN") is pleased to announce it has appointed Stifel Nicolaus Europe Limited, a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF) ("Stifel") as financial advisor to assist with the structuring and securing of project financing for the development of the Company's flagship Chvaletice Manganese Project ("CMP" or "Project"), located in the Czech Republic. The appointment of Stifel, a leading financial advisory group in the battery metals space, allows the Company to initiate dialogue with a number of potential fi
ROWAYTON, Conn., Nov. 30, 2021 (GLOBE NEWSWIRE) -- Eaton Partners, one of the world's largest private fund placement and financial advisory firms and a wholly-owned subsidiary of Stifel Financial Corp. (NYSE:SF), is pleased to announce the hiring of Jonathan Lee as Managing Director and Head of the Asia Pacific region, based in Hong Kong. Mr. Lee joins Eaton from MVision Private Equity Advisers, where he was a Managing Director and led the firm's APAC business. In this role, he was responsible for marketing private equity, private credit, real assets, and secondaries to institutional investors. Before this, he was a Director in Private Markets at UBS in Hong Kong. His prior experience als