Insider Selling: Raymond James (NYSE:RJF) EVP Sells 10,800 Shares of Stock

Raymond James (NYSE:RJF) EVP Bella Loykhter Allaire sold 10,800 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $101.26, for a total value of $1,093,608.00. Following the completion of the sale, the executive vice president now directly owns 58,035 shares of the company’s stock, valued at approximately $5,876,624.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Raymond James stock traded down $4.10 during trading on Monday, reaching $93.51. 79,692 shares of the stock traded hands, compared to its average volume of 834,798. The company has a market capitalization of $13.13 billion, a price-to-earnings ratio of 12.65 and a beta of 1.50. The business has a fifty day simple moving average of $94.12 and a two-hundred day simple moving average of $86.67. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.10 and a quick ratio of 1.08. Raymond James has a 52-week low of $72.94 and a 52-week high of $102.45.

Raymond James (NYSE:RJF) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.90 by ($0.01). The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Raymond James had a net margin of 13.03% and a return on equity of 16.15%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.79 EPS. On average, research analysts predict that Raymond James will post 7.64 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on RJF shares. Wells Fargo & Co boosted their target price on Raymond James from $92.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. ValuEngine upgraded Raymond James from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 3rd. Morgan Stanley began coverage on Raymond James in a report on Wednesday, November 27th. They set an “equal weight” rating and a $91.00 target price on the stock. Argus reiterated a “focus list” rating on shares of Raymond James in a report on Wednesday, January 29th. Finally, Citigroup reduced their target price on Raymond James from $100.00 to $93.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $97.86.

Several institutional investors have recently modified their holdings of the company. Retirement Systems of Alabama lifted its stake in Raymond James by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 54,261 shares of the financial services provider’s stock worth $4,854,000 after purchasing an additional 148 shares during the last quarter. Shine Investment Advisory Services Inc. lifted its stake in Raymond James by 36.0% in the third quarter. Shine Investment Advisory Services Inc. now owns 567 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 150 shares during the last quarter. Park Avenue Securities LLC lifted its stake in Raymond James by 4.7% in the fourth quarter. Park Avenue Securities LLC now owns 3,512 shares of the financial services provider’s stock worth $314,000 after purchasing an additional 157 shares during the last quarter. World Asset Management Inc lifted its stake in Raymond James by 2.0% in the third quarter. World Asset Management Inc now owns 8,248 shares of the financial services provider’s stock worth $680,000 after purchasing an additional 165 shares during the last quarter. Finally, State of Michigan Retirement System lifted its stake in Raymond James by 0.7% in the fourth quarter. State of Michigan Retirement System now owns 29,900 shares of the financial services provider’s stock worth $2,675,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 71.88% of the company’s stock.

About Raymond James

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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Insider Buying and Selling by Quarter for Raymond James (NYSE:RJF)

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