NEW YORK - Stifel Financial Corp . (NYSE: NYSE:SF) has formed a prime brokerage services referral partnership with Marex Group plc (NASDAQ: MRX), a global financial services platform, to enhance offerings for their hedge fund and investment management clients. The collaboration, announced today, will integrate the trading and execution capabilities of both firms, providing clients with a comprehensive suite of services.
Under the partnership, Stifel's institutional sales and trading group will refer clients to Marex for multi-asset-class custody, financing, securities lending, and capital introduction services. Conversely, Marex's clients will gain access to Stifel's research, banking, and corporate access offerings.
John Spensieri, Co-Head of Equity Trading at Stifel, emphasized the firm's commitment to exceptional service and value, noting that Marex's prime brokerage and outsourced trading business, powered by sophisticated technology, aligns with Stifel's product differentiation strategy.
Marex boasts a global presence with over 35 offices, providing institutional prime brokerage services to over 600 clients. The firm's multi-asset-class services leverage access to more than 75 markets and over 100 liquidity sources worldwide.
Jack Seibald, Global Co-Head of Prime Brokerage Services and Outsourced Trading at Marex, highlighted the complementary nature of Stifel's offerings, stating that the partnership will enhance capabilities and support both firms' expansion efforts globally.
Stifel's sales and trading team operates throughout key financial centers in the U.S., UK, Europe, and Canada, offering solutions in block trading, portfolio and algorithmic trading, ETFs, and more. Notably, Stifel is the only U.S. regional broker with its Alternative Trading System (ATS).
This strategic partnership is based on a press release statemen.
InvestingPro Insights
As Stifel Financial Corp. (NYSE: SF) embarks on its strategic partnership with Marex Group plc, the company’s financial health and performance metrics are pivotal for investors understanding the potential of this collaboration. With a market capitalization of $8.31 billion and a price-to-earnings (P/E) ratio standing at 17.48, Stifel shows significant scale and a valuation that reflects investor confidence in its earnings capacity. Adjustments for the last twelve months as of Q1 2024 bring the P/E ratio down to a more attractive 15.6, suggesting improved earnings relative to the company's share price.
Investors might also take note of Stifel's consistent shareholder returns, as evidenced by its seven-year streak of raising dividends, a testament to its financial stability and commitment to returning value. This is complemented by a robust dividend growth of 16.67% over the last twelve months as of Q1 2024. The company's management is also demonstrating confidence in its stock through aggressive share buybacks, an action often viewed positively by the market.
Looking at performance, Stifel has seen a large price uptick of 35.93% over the last six months, with a year-to-date price total return of 17.89%, indicating strong investor sentiment and market performance. This aligns with the InvestingPro Tip that the company has delivered a strong return over the last five years. For investors seeking further insights and additional InvestingPro Tips, there are currently 4 more tips available at https://www.investing.com/pro/SF, which could provide a deeper understanding of Stifel's market position and future prospects. Remember, you can use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro, further enriching your investment strategy with valuable insights.
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