Tashtego S. Elwyn Sells 8,997 Shares of Raymond James Financial, Inc. (RJF) Stock
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.
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.
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