Raymond James (NYSE:RJF) CAO Jeffrey A. Dowdle sold 8,398 shares of Raymond James stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $84.91, for a total value of $713,074.18. Following the transaction, the chief accounting officer now directly owns 34,338 shares of the company’s stock, valued at approximately $2,915,639.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of NYSE RJF opened at $85.86 on Thursday. Raymond James has a 12 month low of $69.11 and a 12 month high of $96.76. The company has a current ratio of 1.11, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $11.99 billion, a price-to-earnings ratio of 13.27 and a beta of 1.51. The business has a 50-day moving average of $78.83 and a 200-day moving average of $83.09.
Raymond James (NYSE:RJF) last issued its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.80 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.86 by ($0.06). Raymond James had a return on equity of 16.12% and a net margin of 13.06%. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the firm posted $1.55 EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, analysts predict that Raymond James will post 7.4 earnings per share for the current year.
Several research analysts have recently commented on RJF shares. Citigroup set a $87.00 price objective on Raymond James and gave the stock a “hold” rating in a report on Friday, July 26th. ValuEngine lowered Raymond James from a “hold” rating to a “sell” rating in a report on Wednesday, June 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $93.88.
Several hedge funds and other institutional investors have recently modified their holdings of RJF. Atlas Capital Advisors LLC bought a new stake in Raymond James in the 2nd quarter worth approximately $31,000. Motco bought a new stake in Raymond James in the 2nd quarter worth approximately $31,000. Bremer Bank National Association bought a new stake in Raymond James in the 1st quarter worth approximately $38,000. CSat Investment Advisory L.P. lifted its position in Raymond James by 78.2% in the 2nd quarter. CSat Investment Advisory L.P. now owns 629 shares of the financial services provider’s stock worth $53,000 after buying an additional 276 shares during the last quarter. Finally, FTB Advisors Inc. lifted its position in Raymond James by 944.3% in the 2nd quarter. FTB Advisors Inc. now owns 731 shares of the financial services provider’s stock worth $61,000 after buying an additional 661 shares during the last quarter. 70.78% of the stock is owned by institutional investors.
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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