In a recent transaction, David A. Peacock, a director of Stifel Financial Corp (NYSE:SF), sold 13,000 shares of the company's common stock. The sale, which took place on May 2, 2024, was executed at a price of $79.9 per share, resulting in a total transaction value of approximately $1.04 million.
The transaction was disclosed through a Form 4 filing with the Securities and Exchange Commission. Following the sale, Peacock's direct holdings in Stifel Financial Corp decreased to 18,646 shares. The shares were sold indirectly by a trust, as indicated in the filing.
Stifel Financial Corp, headquartered in St. Louis, Missouri, operates as a financial services and investment banking company. It's known for providing securities brokerage, investment banking, trading, investment advisory, and related financial services.
Investors often monitor insider transactions as they can provide insights into how the company's executives and directors view the stock's value and future performance. However, such transactions can be subject to various personal financial considerations and should not be taken as definitive indicators of a company's trajectory.
The disclosed transaction provides current and potential investors with up-to-date information on insider activity within Stifel Financial Corp, which can be a valuable piece of data when assessing the company's stock for investment purposes.
InvestingPro Insights
As investors consider the implications of insider transactions at Stifel Financial Corp, it's worth noting the company's robust financial performance and positive outlook among analysts. According to recent data, Stifel Financial Corp has a market capitalization of $8.39 billion and is trading near its 52-week high, with a price just below 99.54% of that peak. This is indicative of the stock's strong momentum, as reflected in the 34.03% price total return over the last six months.
Adding to the company's appeal is its consistent reward to shareholders. Stifel Financial Corp has increased its dividend for seven consecutive years, showcasing a commitment to returning value to its investors. The latest dividend growth rate over the last twelve months stood at an impressive 16.67%, with a current dividend yield of 2.08%.
Investors may also be encouraged by the company's earnings prospects. With four analysts revising their earnings estimates upwards for the upcoming period, and the company being profitable over the last twelve months, Stifel Financial Corp appears to be on a solid financial footing. The company's P/E ratio is currently at 17.56, with an adjusted P/E ratio for the last twelve months as of Q1 2024 at 15.69, suggesting that the stock is reasonably valued given its earnings potential.
For those interested in a deeper dive into Stifel Financial Corp's performance and outlook, there are additional InvestingPro Tips available. These tips provide valuable insights that could further inform investment decisions. Moreover, by using the coupon code PRONEWS24, investors can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking even more expert analysis and data. For a comprehensive analysis, investors can explore the full range of tips at https://www.investing.com/pro/SF, which includes a total of 7 additional tips not listed here.
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