Raymond James Financial, Inc. (RJF) CFO Jeffrey P. Julien Sells 7,752 Shares of Stock

Raymond James Financial, Inc. (NYSE:RJF) CFO Jeffrey P. Julien sold 7,752 shares of the company’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $77.75, for a total transaction of $602,718.00. Following the transaction, the chief financial officer now owns 53,636 shares in the company, valued at approximately $4,170,199. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Raymond James Financial, Inc. (NYSE:RJF) traded down 0.51% on Thursday, reaching $78.66. 305,760 shares of the company traded hands. The company has a market capitalization of $11.18 billion, a P/E ratio of 19.98 and a beta of 1.53. The firm’s 50 day moving average is $74.47 and its 200 day moving average is $65.19. Raymond James Financial, Inc. has a one year low of $41.48 and a one year high of $79.27.

Raymond James Financial (NYSE:RJF) last posted its quarterly earnings data on Wednesday, January 25th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.06. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Raymond James Financial had a return on equity of 12.02% and a net margin of 9.91%. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.73 EPS. Analysts expect that Raymond James Financial, Inc. will post $4.59 earnings per share for the current fiscal year.

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

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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Tuesday, January 3rd were given a dividend of $0.22 per share. This is a boost from Raymond James Financial’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $0.88 annualized dividend and a yield of 1.11%. Raymond James Financial’s dividend payout ratio (DPR) is presently 22.34%.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. boosted its position in Raymond James Financial by 4.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,608 shares of the company’s stock valued at $111,000 after buying an additional 67 shares during the last quarter. Robecosam AG boosted its position in Raymond James Financial by 29.0% in the third quarter. Robecosam AG now owns 2,000 shares of the company’s stock valued at $113,000 after buying an additional 450 shares during the last quarter. TLP Group LLC purchased a new position in Raymond James Financial during the third quarter valued at $133,000. FNY Partners Fund LP purchased a new position in Raymond James Financial during the fourth quarter valued at $139,000. Finally, Bronfman E.L. Rothschild L.P. boosted its position in shares of Raymond James Financial by 6.9% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 2,848 shares of the company’s stock worth $166,000 after buying an additional 183 shares during the last quarter. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Several brokerages recently issued reports on RJF. Instinet upped their price target on shares of Raymond James Financial to $88.00 and gave the stock a “buy” rating in a research report on Friday, January 27th. Zacks Investment Research downgraded shares of Raymond James Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 7th. Nomura upgraded shares of Raymond James Financial from a “neutral” rating to a “buy” rating in a research report on Thursday, January 5th. Keefe, Bruyette & Woods downgraded shares of Raymond James Financial from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $70.00 to $74.00 in a research report on Monday, December 5th. Finally, JMP Securities downgraded shares of Raymond James Financial from an “outperform” rating to a “market perform” rating in a research report on Friday, October 28th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $69.50.

Raymond James Financial Company Profile

Raymond James Financial, Inc (RJF) is a financial holding company. The Company’s subsidiaries include Raymond James & Associates, Inc (RJ&A), Raymond James Financial Services, Inc (RJFS), Raymond James Financial Services Advisors, Inc (RJFSA), Raymond James Ltd. (RJ Ltd.), Eagle Asset Management, Inc (Eagle), and Raymond James Bank, N.A.

5 Day Chart for NYSE:RJF

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