Raymond James Financial Inc. (NYSE:RJF) SVP Jennifer C. Ackart sold 7,500 shares of the company’s stock in a transaction on Monday, November 28th. The shares were sold at an average price of $71.63, for a total transaction of $537,225.00. Following the completion of the transaction, the senior vice president now owns 15,957 shares of the company’s stock, valued at approximately $1,142,999.91. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Raymond James Financial Inc. (NYSE:RJF) traded down 1.83% during mid-day trading on Monday, reaching $71.17. 1,008,947 shares of the company were exchanged. The company’s 50-day moving average is $63.24 and its 200 day moving average is $56.64. The firm has a market capitalization of $10.06 billion, a price-to-earnings ratio of 19.50 and a beta of 1.51. Raymond James Financial Inc. has a 12 month low of $39.84 and a 12 month high of $73.59.
Raymond James Financial (NYSE:RJF) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.29. The company had revenue of $1.46 billion for the quarter. Raymond James Financial had a net margin of 9.59% and a return on equity of 11.26%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.88 EPS. Analysts predict that Raymond James Financial Inc. will post $4.29 EPS for the current year.
RJF has been the subject of several research analyst reports. Wells Fargo & Co. restated a “hold” rating on shares of Raymond James Financial in a report on Thursday, September 22nd. Nomura restated a “hold” rating and issued a $62.00 target price on shares of Raymond James Financial in a report on Friday, September 30th. JMP Securities cut shares of Raymond James Financial from an “outperform” rating to a “market perform” rating in a report on Friday, October 28th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Raymond James Financial from a “sell” rating to a “hold” rating and set a $65.00 target price for the company in a report on Monday, September 5th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $59.83.
Hedge funds have recently bought and sold shares of the stock. Columbia Wanger Asset Management LLC purchased a new stake in Raymond James Financial during the second quarter worth about $62,562,000. Prudential Financial Inc. raised its stake in Raymond James Financial by 143.0% in the second quarter. Prudential Financial Inc. now owns 1,544,994 shares of the company’s stock worth $76,168,000 after buying an additional 909,203 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Raymond James Financial by 25.9% in the third quarter. JPMorgan Chase & Co. now owns 3,430,908 shares of the company’s stock worth $199,714,000 after buying an additional 706,120 shares in the last quarter. Vanguard Group Inc. raised its stake in Raymond James Financial by 4.0% in the second quarter. Vanguard Group Inc. now owns 9,567,897 shares of the company’s stock worth $471,698,000 after buying an additional 370,101 shares in the last quarter. Finally, Boston Partners raised its stake in Raymond James Financial by 6.5% in the second quarter. Boston Partners now owns 5,741,104 shares of the company’s stock worth $283,036,000 after buying an additional 351,778 shares in the last quarter. Institutional investors own 68.95% of the company’s stock.
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