We did not have any new stocks this past week due to very light insider activity, therefore for the stock of the week we are using a company we upgraded a few weeks ago, one of the stronger insider patterns in the Financial Sector added in late March (SCHW and CADE also had strong patterns).
Stifel Financial (SF +1 on March 27th)
Two insiders bought a total of US$ 2.3 million of stock at an average price of $56.90.
James Zemlyak (Co-President since 2018, joined 1999) purchased 20,000 shares on March 24th at $56.06, spending $1,121,100, increasing his holdings to 1.25m shares. This is a reversal from his last trade, an option-related sale in 2021 at $59, and his first purchase since November 2018 ($31 per share), which proved timely.
Ronald Kruszewski (Chairman & CEO since 1997) purchased 20,174 shares on March 10-14th at an average price of $57.76, spending $1,165,157. This is his largest purchase and twice the size of his last purchase in April 2022 at $61.94. Both officers have good overall records as buyers.
We are ranking the stock +1.
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