Raymond James Financial Inc. (NYSE:RJF) insider Tashtego S. Elwyn sold 6,000 shares of Raymond James Financial stock in a transaction dated Tuesday, November 29th. The shares were sold at an average price of $71.03, for a total transaction of $426,180.00. Following the sale, the insider now directly owns 18,552 shares in the company, valued at approximately $1,317,748.56. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Raymond James Financial Inc. (NYSE:RJF) traded down 0.10% on Tuesday, hitting $71.10. 607,043 shares of the stock traded hands. The stock’s 50 day moving average price is $63.58 and its 200 day moving average price is $56.86. Raymond James Financial Inc. has a 52-week low of $39.84 and a 52-week high of $73.59. The stock has a market cap of $9.73 billion, a P/E ratio of 19.46 and a beta of 1.51.

Raymond James Financial (NYSE:RJF) last announced its earnings results on Wednesday, October 26th. The company reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.29. Raymond James Financial had a net margin of 9.59% and a return on equity of 11.26%. The business had revenue of $1.46 billion for the quarter. During the same period in the prior year, the company posted $0.88 EPS. The company’s revenue was up 8.8% compared to the same quarter last year. On average, equities analysts expect that Raymond James Financial Inc. will post $4.29 EPS for the current fiscal year.

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

ILLEGAL ACTIVITY WARNING: “Raymond James Financial Inc. (RJF) Insider Sells $426,180.00 in Stock” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another website, it was copied illegally and republished in violation of US & international copyright laws. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2016/11/29/raymond-james-financial-inc-rjf-insider-sells-426180-00-in-stock.html.

A number of brokerages have recently weighed in on RJF. Zacks Investment Research raised shares of Raymond James Financial from a “sell” rating to a “hold” rating and set a $65.00 target price on the stock in a research note on Monday, September 5th. JMP Securities lowered shares of Raymond James Financial from an “outperform” rating to a “market perform” rating in a research note on Friday, October 28th. They noted that the move was a valuation call. Wells Fargo & Co. reissued a “hold” rating on shares of Raymond James Financial in a research note on Thursday, September 22nd. Finally, Nomura reissued a “hold” rating and set a $62.00 price objective on shares of Raymond James Financial in a research note on Friday, September 30th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $59.83.

A number of hedge funds and other institutional investors have recently bought and sold shares of RJF. SPC Financial Inc. increased its position in Raymond James Financial by 4.7% in the second quarter. SPC Financial Inc. now owns 8,900 shares of the company’s stock valued at $439,000 after buying an additional 400 shares in the last quarter. MAI Capital Management increased its position in Raymond James Financial by 5.2% in the second quarter. MAI Capital Management now owns 14,861 shares of the company’s stock valued at $733,000 after buying an additional 740 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its position in Raymond James Financial by 3.7% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 294,261 shares of the company’s stock valued at $14,507,000 after buying an additional 10,417 shares in the last quarter. Capstone Asset Management Co. increased its position in Raymond James Financial by 7.5% in the second quarter. Capstone Asset Management Co. now owns 11,103 shares of the company’s stock valued at $547,000 after buying an additional 770 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. increased its position in Raymond James Financial by 1.1% in the second quarter. NN Investment Partners Holdings N.V. now owns 37,643 shares of the company’s stock valued at $1,856,000 after buying an additional 420 shares in the last quarter. 68.95% of the stock is currently owned by institutional investors.

Raymond James Financial Company Profile

Raymond James Financial, Inc, is a financial services company providing private client, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The Company operates in five reportable segments: Private Client Group; Capital Markets; Asset Management; RJ Bank, and the Other Segment.

5 Day Chart for NYSE:RJF

Receive News & Stock Ratings for Raymond James Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raymond James Financial Inc. and related stocks with our FREE daily email newsletter.