Raymond James Financial, Inc. (RJF) CEO Sells $2,744,610.00 in Stock

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.

Insider Buying and Selling by Quarter for Raymond James Financial (NYSE:RJF)

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