Jonathan N. Santelli Sells 1,200 Shares of Raymond James (NYSE:RJF) Stock

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Raymond James (NYSE:RJF) EVP Jonathan N. Santelli sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $84.80, for a total transaction of $101,760.00. Following the completion of the sale, the executive vice president now owns 1,078 shares of the company’s stock, valued at $91,414.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of RJF stock opened at $87.11 on Monday. The stock has a market cap of $12.00 billion, a price-to-earnings ratio of 13.46 and a beta of 1.52. The company has a quick ratio of 1.08, a current ratio of 1.11 and a debt-to-equity ratio of 0.42. Raymond James has a fifty-two week low of $69.11 and a fifty-two week high of $96.76. The firm’s 50 day moving average price is $78.56 and its two-hundred day moving average price is $83.01.

Raymond James (NYSE:RJF) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.06). The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. Raymond James had a net margin of 13.06% and a return on equity of 16.12%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the firm earned $1.55 earnings per share. On average, equities analysts forecast that Raymond James will post 7.4 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC lifted its position in shares of Raymond James by 215.3% during the first quarter. Parallel Advisors LLC now owns 309 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 211 shares in the last quarter. Atlas Capital Advisors LLC acquired a new position in shares of Raymond James during the second quarter worth $31,000. Motco acquired a new position in shares of Raymond James during the second quarter worth $31,000. Bremer Bank National Association acquired a new position in shares of Raymond James during the first quarter worth $38,000. Finally, CSat Investment Advisory L.P. lifted its position in shares of Raymond James by 78.2% during the second quarter. CSat Investment Advisory L.P. now owns 629 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 276 shares in the last quarter. 70.85% of the stock is currently owned by hedge funds and other institutional investors.

RJF has been the subject of a number of recent analyst reports. ValuEngine downgraded shares of Raymond James from a “hold” rating to a “sell” rating in a report on Wednesday, June 19th. Citigroup set a $87.00 target price on shares of Raymond James and gave the company a “hold” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Raymond James has an average rating of “Buy” and an average price target of $93.88.

Raymond James Company Profile

Raymond James Financial, Inc, a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments.

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