Insider Selling: Raymond James Financial, Inc. (RJF) Insider Sells 16,184 Shares of Stock

Raymond James Financial, Inc. (NYSE:RJF) insider Jeffrey E. Trocin sold 16,184 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $88.89, for a total value of $1,438,595.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Raymond James Financial, Inc. (RJF) traded down $0.45 during trading hours on Tuesday, hitting $89.04. The stock had a trading volume of 528,200 shares, compared to its average volume of 779,631. The firm has a market cap of $12,922.40, a PE ratio of 17.62, a P/E/G ratio of 0.89 and a beta of 1.71. Raymond James Financial, Inc. has a twelve month low of $68.97 and a twelve month high of $91.29. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.60.

Raymond James Financial (NYSE:RJF) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.15. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Raymond James Financial had a return on equity of 13.75% and a net margin of 9.75%. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.28 EPS. research analysts forecast that Raymond James Financial, Inc. will post 5.89 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Wednesday, January 3rd will be given a dividend of $0.25 per share. This is a boost from Raymond James Financial’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Tuesday, January 2nd. Raymond James Financial’s dividend payout ratio is currently 20.32%.

Several equities research analysts have weighed in on RJF shares. Zacks Investment Research upgraded Raymond James Financial from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a report on Wednesday, August 30th. Wells Fargo & Company upgraded Raymond James Financial from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $86.00 to $90.00 in a report on Thursday, September 14th. Keefe, Bruyette & Woods restated a “hold” rating and set a $85.00 price target on shares of Raymond James Financial in a report on Tuesday, October 3rd. Credit Suisse Group started coverage on Raymond James Financial in a report on Thursday, November 30th. They set an “underperform” rating and a $82.00 price target on the stock. Finally, Buckingham Research upped their price target on Raymond James Financial from $92.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. Raymond James Financial has an average rating of “Buy” and a consensus price target of $88.57.

Several large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its position in shares of Raymond James Financial by 1,611.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,252 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 3,062 shares during the period. Greenwood Capital Associates LLC acquired a new stake in shares of Raymond James Financial in the 2nd quarter valued at about $300,000. Toronto Dominion Bank boosted its position in shares of Raymond James Financial by 25.9% in the 2nd quarter. Toronto Dominion Bank now owns 43,436 shares of the financial services provider’s stock valued at $3,484,000 after purchasing an additional 8,929 shares during the period. Principal Financial Group Inc. boosted its position in shares of Raymond James Financial by 16.1% in the 2nd quarter. Principal Financial Group Inc. now owns 360,741 shares of the financial services provider’s stock valued at $28,938,000 after purchasing an additional 50,132 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of Raymond James Financial by 489.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 471,784 shares of the financial services provider’s stock valued at $38,146,000 after purchasing an additional 391,701 shares during the period. 69.86% of the stock is owned by institutional investors and hedge funds.

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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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