Raymond James Financial Inc. (NYSE:RJF) SVP Jennifer C. Ackart sold 7,500 shares of Raymond James Financial stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $71.63, for a total value of $537,225.00. Following the completion of the sale, the senior vice president now owns 15,957 shares in the company, valued at $1,142,999.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Raymond James Financial Inc. (NYSE:RJF) opened at 71.17 on Tuesday. The stock has a market capitalization of $10.06 billion, a P/E ratio of 19.50 and a beta of 1.51. The stock has a 50 day moving average price of $63.58 and a 200 day moving average price of $56.86. Raymond James Financial Inc. has a 12 month low of $39.84 and a 12 month high of $73.59.

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

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A number of hedge funds have recently bought and sold shares of the stock. Blue Chip Partners Inc. boosted its stake in Raymond James Financial by 0.4% in the second quarter. Blue Chip Partners Inc. now owns 4,876 shares of the company’s stock valued at $240,000 after buying an additional 20 shares in the last quarter. Montag & Caldwell LLC boosted its stake in Raymond James Financial by 0.5% in the second quarter. Montag & Caldwell LLC now owns 19,011 shares of the company’s stock valued at $937,000 after buying an additional 90 shares in the last quarter. Advantus Capital Management Inc boosted its stake in Raymond James Financial by 0.7% in the third quarter. Advantus Capital Management Inc now owns 15,355 shares of the company’s stock valued at $894,000 after buying an additional 100 shares in the last quarter. Creative Planning boosted its stake in Raymond James Financial by 4.6% in the second quarter. Creative Planning now owns 3,378 shares of the company’s stock valued at $167,000 after buying an additional 149 shares in the last quarter. Finally, M&T Bank Corp boosted its stake in Raymond James Financial by 1.9% in the third quarter. M&T Bank Corp now owns 7,942 shares of the company’s stock valued at $462,000 after buying an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 68.95% of the company’s stock.

A number of analysts have commented on the company. Zacks Investment Research upgraded Raymond James Financial from a “sell” rating to a “hold” rating in a research report on Thursday, August 18th. Wells Fargo & Co. reiterated a “hold” rating on shares of Raymond James Financial in a research report on Thursday, September 22nd. Nomura reiterated a “hold” rating and set a $62.00 target price on shares of Raymond James Financial in a research report on Friday, September 30th. Finally, JMP Securities downgraded Raymond James Financial from an “outperform” rating to a “market perform” rating in a research report on Friday, October 28th. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Raymond James Financial currently has a consensus rating of “Hold” and a consensus target price of $59.83.

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.

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