Raymond James Financial, Inc. (NYSE:RJF) CEO Sells $2,744,610.00 in Stock

Raymond James Financial, Inc. (NYSE:RJF) CEO Paul C. Reilly sold 33,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $83.17, for a total value of $2,744,610.00. Following the transaction, the chief executive officer now directly owns 128,980 shares in the company, valued at approximately $10,727,266.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of Raymond James Financial, Inc. (NYSE:RJF) traded down 1.25% during mid-day trading on Thursday, reaching $80.90. The company had a trading volume of 240,558 shares. Raymond James Financial, Inc. has a one year low of $55.42 and a one year high of $85.97. The stock has a market capitalization of $11.63 billion, a P/E ratio of 19.25 and a beta of 1.65. The firm has a 50 day moving average of $81.76 and a 200-day moving average of $77.49.

Raymond James Financial (NYSE:RJF) last released its earnings results on Wednesday, July 26th. The financial services provider reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.02. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.61 billion. Raymond James Financial had a return on equity of 13.57% and a net margin of 9.78%. Raymond James Financial’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 earnings per share. Analysts forecast that Raymond James Financial, Inc. will post $5.07 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Monday, July 3rd were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $0.88 annualized dividend and a yield of 1.07%. Raymond James Financial’s dividend payout ratio (DPR) is presently 20.90%.

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A number of analysts recently issued reports on the company. BidaskClub cut Raymond James Financial from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Instinet reissued a “buy” rating and set a $90.00 price objective (up previously from $89.00) on shares of Raymond James Financial in a report on Thursday, July 13th. Nomura increased their price objective on Raymond James Financial from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Buckingham Research reissued a “buy” rating and set a $94.00 price objective (up previously from $88.00) on shares of Raymond James Financial in a report on Monday, July 10th. Finally, Wells Fargo & Company reissued a “market perform” rating and set a $85.00 price objective (up previously from $82.50) on shares of Raymond James Financial in a report on Monday, June 12th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Raymond James Financial presently has a consensus rating of “Buy” and an average target price of $87.50.

A number of institutional investors have recently added to or reduced their stakes in RJF. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Raymond James Financial by 0.4% in the second 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 buying an additional 37 shares during the period. Independent Portfolio Consultants Inc. increased its position in Raymond James Financial by 2.3% in the first quarter. Independent Portfolio Consultants Inc. now owns 1,805 shares of the financial services provider’s stock valued at $138,000 after buying an additional 40 shares during the period. YorkBridge Wealth Partners LLC increased its position in Raymond James Financial by 4.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,347 shares of the financial services provider’s stock valued at $102,000 after buying an additional 52 shares during the period. Sawtooth Solutions LLC increased its position in Raymond James Financial by 2.1% in the second quarter. Sawtooth Solutions LLC now owns 3,067 shares of the financial services provider’s stock valued at $246,000 after buying an additional 62 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in Raymond James Financial by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 8,000 shares of the financial services provider’s stock valued at $642,000 after buying an additional 100 shares during the period. Institutional investors own 70.87% 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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