ST. LOUIS—David D. Sliney, the Chief Operating Officer of Stifel Financial Corp . (NYSE:SF), recently sold 25,000 shares of the company's common stock. The transaction, which took place on November 12, 2024, was executed at a price of $116.18 per share, amounting to a total sale value of approximately $2.9 million.
Following this sale, Sliney retains ownership of 159,619 shares of Stifel Financial stock. The transaction was filed with the Securities and Exchange Commission (SEC) on November 14, 2024.
Stifel Financial Corp., based in St. Louis, is a prominent firm in the securities brokerage and investment banking sector.
In other recent news, Stifel Financial Corp. has declared dividends for its common and preferred stock, with payments scheduled for mid-December. The company has also announced a significant increase in its third-quarter earnings and revenue, with earnings per share (EPS) jumping to $1.50, a 150% increase from the previous year, and net revenue reaching $1.23 billion, a 17% year-over-year increase. In response to these promising results, TD Cowen has raised Stifel Financial's stock price target from $100.00 to $105.00, while maintaining a Hold rating on the company's shares.
The revised price target is based on Stifel Financial's clearer path to achieving over $8.00 in EPS for the year 2025, a projection that TD Cowen believes is now attainable. These recent developments come as Stifel Financial continues to focus on enhancing its institutional group and net interest income, key elements in driving its financial performance forward. The company's strong capital position, reflected by a Tier 1 leverage capital ratio of 11.3%, further underscores its robust growth trajectory. As Stifel Financial moves into the future, it aims to surpass $5 billion in revenue and achieve $8 in EPS by 2025.
InvestingPro Insights
The recent stock sale by Stifel Financial Corp.'s COO David D. Sliney comes at a time when the company's stock is performing exceptionally well. According to InvestingPro data, Stifel's stock has seen a remarkable 92.31% total return over the past year, with a 38.54% return in just the last three months. This strong performance has pushed the stock to trade near its 52-week high, with the current price at 97.84% of that peak.
Despite the insider sale, Stifel's fundamentals appear robust. The company boasts a healthy gross profit margin of 94.65% for the last twelve months as of Q3 2024, indicating strong pricing power in its services. Additionally, Stifel has demonstrated consistent growth, with revenue increasing by 10.26% over the same period.
InvestingPro Tips highlight that Stifel has raised its dividend for 8 consecutive years, a positive sign for income-focused investors. The current dividend yield stands at 1.46%, with a notable dividend growth of 16.67% in the last twelve months. This commitment to shareholder returns aligns with the company's profitability, as InvestingPro Tips also indicate that Stifel has been profitable over the last twelve months and analysts predict continued profitability this year.
For investors seeking a more comprehensive analysis, InvestingPro offers 12 additional tips for Stifel Financial Corp., providing a deeper insight into the company's financial health and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.