Raymond James Financial, Inc. (RJF) Insider Bella Loykhter Allaire Sells 4,000 Shares

Raymond James Financial, Inc. (NYSE:RJF) insider Bella Loykhter Allaire sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $82.83, for a total transaction of $331,320.00. Following the transaction, the insider now directly owns 37,513 shares in the company, valued at approximately $3,107,201.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Raymond James Financial, Inc. (NYSE:RJF) traded up 0.13% during trading on Friday, hitting $77.85. 794,162 shares of the stock were exchanged. The firm’s 50 day moving average price is $81.95 and its 200-day moving average price is $77.67. The stock has a market cap of $11.19 billion, a price-to-earnings ratio of 18.51 and a beta of 1.65. Raymond James Financial, Inc. has a 1-year low of $55.79 and a 1-year high of $85.97.

Raymond James Financial (NYSE:RJF) last announced its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.02. Raymond James Financial had a return on equity of 13.37% and a net margin of 9.78%. The company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the prior year, the business posted $0.93 EPS. The business’s revenue was up 19.5% compared to the same quarter last year. On average, analysts anticipate that Raymond James Financial, Inc. will post $5.07 EPS for the current year.

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Large investors have recently made changes to their positions in the company. YorkBridge Wealth Partners LLC boosted its stake in shares of Raymond James Financial by 4.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,347 shares of the financial services provider’s stock worth $102,000 after buying an additional 52 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its stake in shares of Raymond James Financial by 2.3% in the first quarter. Independent Portfolio Consultants Inc. now owns 1,805 shares of the financial services provider’s stock worth $138,000 after buying an additional 40 shares in the last quarter. Burt Wealth Advisors bought a new stake in shares of Raymond James Financial during the second quarter worth about $150,000. Americafirst Capital Management LLC bought a new stake in shares of Raymond James Financial during the first quarter worth about $168,000. Finally, Global X Management Co. LLC boosted its stake in shares of Raymond James Financial by 42.5% in the first quarter. Global X Management Co. LLC now owns 2,314 shares of the financial services provider’s stock worth $176,000 after buying an additional 690 shares in the last quarter. Institutional investors own 70.11% of the company’s stock.

Several equities analysts recently weighed in on the stock. BidaskClub lowered shares of Raymond James Financial from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Instinet reaffirmed a “buy” rating and set a $90.00 price objective (up previously from $89.00) on shares of Raymond James Financial in a research report on Thursday, July 13th. Nomura raised their price objective on shares of Raymond James Financial from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 13th. Buckingham Research reaffirmed a “buy” rating and set a $94.00 price objective (up previously from $88.00) on shares of Raymond James Financial in a research report on Monday, July 10th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $85.00 price objective (up previously from $82.50) on shares of Raymond James Financial in a research report on Monday, June 12th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $87.50.

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.

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

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