Raymond James Financial, Inc. (NYSE:RJF) Vice Chairman Francis S. Godbold sold 45,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $85.51, for a total value of $3,847,950.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Raymond James Financial, Inc. (NYSE RJF) opened at $84.97 on Friday. The stock has a market capitalization of $12,269.71, a PE ratio of 16.73, a price-to-earnings-growth ratio of 0.85 and a beta of 1.71. Raymond James Financial, Inc. has a 52 week low of $68.97 and a 52 week high of $87.22. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.14 and a current ratio of 1.17.

Raymond James Financial (NYSE:RJF) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.15. The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.67 billion. Raymond James Financial had a return on equity of 13.97% 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 previous year, the company posted $1.28 EPS. equities research analysts anticipate that Raymond James Financial, Inc. will post 5.89 earnings per share for the current year.

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RJF has been the subject of a number of recent analyst reports. Buckingham Research boosted their target price on Raymond James Financial from $92.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Zacks Investment Research downgraded Raymond James Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Keefe, Bruyette & Woods restated a “hold” rating and set a $85.00 price target on shares of Raymond James Financial in a research note on Tuesday, October 3rd. BidaskClub downgraded Raymond James Financial from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Wells Fargo & Co upgraded Raymond James Financial from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $86.00 to $90.00 in a research note on Thursday, September 14th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Raymond James Financial presently has an average rating of “Buy” and an average target price of $89.67.

Institutional investors have recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Raymond James Financial by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,523 shares of the financial services provider’s stock valued at $764,000 after acquiring an additional 37 shares during the period. Sawtooth Solutions LLC grew its stake in shares of Raymond James Financial by 2.1% during the 2nd quarter. Sawtooth Solutions LLC now owns 3,067 shares of the financial services provider’s stock valued at $246,000 after acquiring an additional 62 shares during the period. YorkBridge Wealth Partners LLC grew its stake in shares of Raymond James Financial by 4.9% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,413 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 66 shares during the period. Arizona State Retirement System grew its stake in shares of Raymond James Financial by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 31,800 shares of the financial services provider’s stock valued at $2,551,000 after acquiring an additional 100 shares during the period. Finally, SPC Financial Inc. grew its stake in shares of Raymond James Financial by 1.3% during the 2nd quarter. SPC Financial Inc. now owns 8,100 shares of the financial services provider’s stock valued at $650,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 67.86% of the company’s stock.

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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