Raymond James (NYSE:RJF) Stock Unloaded Rep. Julie Johnson

Representative Julie Johnson (D-Texas) recently sold shares of Raymond James (NYSE:RJF). In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Raymond James stock on April 7th. The trade occurred in the Representative’s “MERRILL LYNCH LONG TERM GROWTH” account.

Representative Julie Johnson also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/30/2025.
• Sold $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 4/22/2025.
• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/22/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/15/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/11/2025.
• Purchased $1,001 – $15,000 in shares of 3M (NYSE:MMM) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of DT Midstream (NYSE:DTM) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Howmet Aerospace (NYSE:HWM) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Carlisle Companies (NYSE:CSL) on 4/7/2025.

Raymond James Stock Performance

NYSE:RJF opened at $152.85 on Friday. The company has a fifty day moving average of $139.00 and a 200-day moving average of $152.41. The firm has a market capitalization of $30.84 billion, a P/E ratio of 14.91, a P/E/G ratio of 0.90 and a beta of 1.02. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.35. Raymond James has a twelve month low of $104.24 and a twelve month high of $174.32.

Raymond James (NYSE:RJF) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.02). The business had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.46 billion. Raymond James had a net margin of 14.06% and a return on equity of 19.71%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.31 EPS. As a group, sell-side analysts anticipate that Raymond James will post 11.17 EPS for the current year.

Raymond James Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were paid a $0.50 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.31%. Raymond James’s dividend payout ratio is currently 19.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on RJF shares. Morgan Stanley boosted their price target on shares of Raymond James from $149.00 to $161.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. Cowen reiterated a “hold” rating on shares of Raymond James in a research report on Thursday, April 24th. Bank of America cut Raymond James from a “buy” rating to a “neutral” rating and set a $159.00 price target on the stock. in a research report on Wednesday, April 30th. Citigroup decreased their price target on Raymond James from $180.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods upped their price target on Raymond James from $170.00 to $177.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. Eleven equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $153.82.

Insiders Place Their Bets

In other Raymond James news, insider James E. Bunn sold 3,650 shares of the company’s stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $136.49, for a total value of $498,188.50. Following the completion of the sale, the insider now owns 78,227 shares of the company’s stock, valued at $10,677,203.23. This represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is owned by insiders.

Institutional Trading of Raymond James

Several hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC boosted its stake in Raymond James by 27.5% in the first quarter. AQR Capital Management LLC now owns 390,214 shares of the financial services provider’s stock worth $53,229,000 after buying an additional 84,085 shares in the last quarter. Ancora Advisors LLC boosted its stake in Raymond James by 11.0% in the first quarter. Ancora Advisors LLC now owns 43,423 shares of the financial services provider’s stock worth $6,032,000 after buying an additional 4,299 shares in the last quarter. Federation des caisses Desjardins du Quebec boosted its stake in Raymond James by 16.9% in the first quarter. Federation des caisses Desjardins du Quebec now owns 47,614 shares of the financial services provider’s stock worth $6,615,000 after buying an additional 6,868 shares in the last quarter. EP Wealth Advisors LLC boosted its stake in Raymond James by 5.5% in the first quarter. EP Wealth Advisors LLC now owns 1,506 shares of the financial services provider’s stock worth $209,000 after buying an additional 78 shares in the last quarter. Finally, Cigna Investments Inc. New boosted its stake in Raymond James by 4.1% in the first quarter. Cigna Investments Inc. New now owns 2,044 shares of the financial services provider’s stock worth $284,000 after buying an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 83.83% of the company’s stock.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

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.