Raymond James Financial, Inc. (NYSE:RJF) insider Tashtego S. Elwyn sold 8,997 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $85.17, for a total value of $766,274.49. Following the completion of the sale, the insider now directly owns 22,178 shares in the company, valued at approximately $1,888,900.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of Raymond James Financial, Inc. (NYSE:RJF) traded down $0.06 during trading on Friday, hitting $88.24. The stock had a trading volume of 1,420,000 shares, compared to its average volume of 592,108. The firm has a market capitalization of $12,756.34, a price-to-earnings ratio of 17.39, a PEG ratio of 0.88 and a beta of 1.71. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. Raymond James Financial, Inc. has a 12 month low of $68.97 and a 12 month high of $90.27.

Raymond James Financial (NYSE:RJF) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.15. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.67 billion. Raymond James Financial had a return on equity of 13.75% and a net margin of 9.75%. Raymond James Financial’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.28 earnings per share. equities analysts anticipate that Raymond James Financial, Inc. will post 5.89 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of RJF. YorkBridge Wealth Partners LLC grew its holdings in shares of Raymond James Financial by 4.9% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,413 shares of the financial services provider’s stock valued at $115,000 after buying an additional 66 shares in the last quarter. Burt Wealth Advisors purchased a new position in shares of Raymond James Financial during the second quarter valued at $150,000. Noesis Capital Mangement Corp purchased a new position in shares of Raymond James Financial during the third quarter valued at $210,000. Pacer Advisors Inc. grew its holdings in shares of Raymond James Financial by 8.2% during the second quarter. Pacer Advisors Inc. now owns 2,714 shares of the financial services provider’s stock valued at $218,000 after buying an additional 206 shares in the last quarter. Finally, Sterling Capital Management LLC purchased a new position in shares of Raymond James Financial during the third quarter valued at $219,000. Institutional investors and hedge funds own 69.95% of the company’s stock.

RJF has been the topic of a number of research reports. Buckingham Research boosted their price objective on Raymond James Financial from $92.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Wells Fargo & Company raised Raymond James Financial from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $86.00 to $90.00 in a research note on Thursday, September 14th. Zacks Investment Research raised Raymond James Financial from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research note on Wednesday, August 30th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $85.00 target price on shares of Raymond James Financial in a research report on Tuesday, October 3rd. Finally, BidaskClub lowered Raymond James Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $88.57.

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About Raymond James Financial

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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