Trading Report: Today, 7,500 Shares of Raymond James Financial Inc. (RJF) Stock are sold by Jennifer C. Ackart

Today, 7,500 Shares of Raymond James Financial Inc. (RJF) Stock are sold by Jennifer C. Ackart

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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