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Stifel (SF) Closes Acquisition of Ziegler Wealth Management
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Stifel Financial Corp. (SF - Free Report) recently announced the completion of the acquisition of B.C. Ziegler & Company’s wealth management business, Ziegler Wealth Management. The transaction, with no financial terms disclosed, was announced in October 2017.
Ziegler Wealth Management, based in Chicago, IL, has 57 private client advisors in 12 branches across five states, managing client assets worth nearly $4.8 billion.
The transaction is likely to strengthen Stifel’s hold in Midwest markets, along with the addition of advisors in Arizona, Florida, and Virginia.
Stifel remains well poised to grow inorganically. In January 2017, the company had acquired Indiana-based City Financial Corporation, and its wholly owned subsidiary, City Securities Corporation. The deal strengthened its global wealth management and public finance operations. Prior to this, Stifel had bought Sterne Agee Group and Barclays PLC’s (BCS - Free Report) Wealth and Investment Management unit in the United States.
The company’s acquisition spree reflects capital strength and efforts to bolster performance. Also, it has diversified Stifel’s sources of revenues, which is likely to have supported its financials. Similarly, the latest acquisition is another step in line with its growth strategy.
With a strong balance-sheet position, the company is well positioned to continue expanding inorganically, going forward. Additionally, it shall benefit from improving conditions in the domestic economy.
Over the past year, shares of Stifel's surged 30.4%, outperforming the industry’s rally of 29.7%.
A couple of stocks in the same space are E*TRADE Financial Corporation and The Goldman Sachs Group (GS - Free Report) , both carrying a Zacks Rank of 2.
E*TRADE’s Zacks Consensus Estimate for current-year earnings has been revised 5.1% upward over the last 60 days. In a year’s time, its share price has gained more than 34%.
Goldman Sachs has witnessed its Zacks Consensus Estimate for 2018 earnings being revised 1% upward, over the last 60 days. Also, its shares have gained 20%, in a year’s time.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Stifel (SF) Closes Acquisition of Ziegler Wealth Management
Stifel Financial Corp. (SF - Free Report) recently announced the completion of the acquisition of B.C. Ziegler & Company’s wealth management business, Ziegler Wealth Management. The transaction, with no financial terms disclosed, was announced in October 2017.
Ziegler Wealth Management, based in Chicago, IL, has 57 private client advisors in 12 branches across five states, managing client assets worth nearly $4.8 billion.
The transaction is likely to strengthen Stifel’s hold in Midwest markets, along with the addition of advisors in Arizona, Florida, and Virginia.
Stifel remains well poised to grow inorganically. In January 2017, the company had acquired Indiana-based City Financial Corporation, and its wholly owned subsidiary, City Securities Corporation. The deal strengthened its global wealth management and public finance operations. Prior to this, Stifel had bought Sterne Agee Group and Barclays PLC’s (BCS - Free Report) Wealth and Investment Management unit in the United States.
The company’s acquisition spree reflects capital strength and efforts to bolster performance. Also, it has diversified Stifel’s sources of revenues, which is likely to have supported its financials. Similarly, the latest acquisition is another step in line with its growth strategy.
With a strong balance-sheet position, the company is well positioned to continue expanding inorganically, going forward. Additionally, it shall benefit from improving conditions in the domestic economy.
Over the past year, shares of Stifel's surged 30.4%, outperforming the industry’s rally of 29.7%.
Stifel carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
A couple of stocks in the same space are E*TRADE Financial Corporation and The Goldman Sachs Group (GS - Free Report) , both carrying a Zacks Rank of 2.
E*TRADE’s Zacks Consensus Estimate for current-year earnings has been revised 5.1% upward over the last 60 days. In a year’s time, its share price has gained more than 34%.
Goldman Sachs has witnessed its Zacks Consensus Estimate for 2018 earnings being revised 1% upward, over the last 60 days. Also, its shares have gained 20%, in a year’s time.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>