Raymond James Financial, Inc. (NYSE:RJF) CEO Paul C. Reilly sold 33,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $83.17, for a total value of $2,744,610.00. Following the sale, the chief executive officer now directly owns 128,980 shares of the company’s stock, valued at approximately $10,727,266.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Raymond James Financial, Inc. (NYSE:RJF) opened at 79.35 on Friday. The firm’s 50 day moving average price is $81.89 and its 200-day moving average price is $77.55. The firm has a market cap of $11.40 billion, a PE ratio of 18.88 and a beta of 1.65. Raymond James Financial, Inc. has a 52 week low of $55.79 and a 52 week high of $85.97.
Raymond James Financial (NYSE:RJF) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $1.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.02. The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.61 billion. Raymond James Financial had a net margin of 9.78% and a return on equity of 13.37%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. On average, analysts forecast that Raymond James Financial, Inc. will post $5.07 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Monday, July 3rd were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend was Thursday, June 29th. Raymond James Financial’s payout ratio is 20.90%.
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A number of institutional investors have recently bought and sold shares of RJF. YorkBridge Wealth Partners LLC boosted its stake in Raymond James Financial by 4.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,347 shares of the financial services provider’s stock worth $102,000 after buying an additional 52 shares during the period. Independent Portfolio Consultants Inc. boosted its stake in Raymond James Financial by 2.3% in the first quarter. Independent Portfolio Consultants Inc. now owns 1,805 shares of the financial services provider’s stock worth $138,000 after buying an additional 40 shares during the period. Burt Wealth Advisors purchased a new stake in Raymond James Financial during the second quarter worth about $150,000. Americafirst Capital Management LLC purchased a new stake in Raymond James Financial during the first quarter worth about $168,000. Finally, Global X Management Co. LLC boosted its stake in Raymond James Financial by 42.5% in the first quarter. Global X Management Co. LLC now owns 2,314 shares of the financial services provider’s stock worth $176,000 after buying an additional 690 shares during the period. 70.87% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have issued reports on RJF. BidaskClub downgraded Raymond James Financial from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Instinet reissued a “buy” rating and set a $90.00 price target (up previously from $89.00) on shares of Raymond James Financial in a research report on Thursday, July 13th. Nomura boosted their price target on Raymond James Financial from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 13th. Buckingham Research reissued a “buy” rating and set a $94.00 price target (up previously from $88.00) on shares of Raymond James Financial in a research report on Monday, July 10th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $85.00 price objective (up previously from $82.50) on shares of Raymond James Financial in a research note on Monday, June 12th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Raymond James Financial has an average rating of “Buy” and an average price target of $87.50.
Raymond James Financial Company Profile
Raymond James Financial, Inc (RJF) is a financial holding company. The Company’s subsidiaries include Raymond James & Associates, Inc (RJ&A), Raymond James Financial Services, Inc (RJFS), Raymond James Financial Services Advisors, Inc (RJFSA), Raymond James Ltd. (RJ Ltd.), Eagle Asset Management, Inc (Eagle), and Raymond James Bank, N.A.
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