Raymond James Financial, Inc. (NYSE:RJF) COO Dennis W. Zank sold 20,003 shares of the company’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $98.63, for a total transaction of $1,972,895.89. Following the transaction, the chief operating officer now owns 150,849 shares in the company, valued at approximately $14,878,236.87. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Raymond James Financial, Inc. (NYSE RJF) traded up $0.56 during trading hours on Tuesday, hitting $98.80. 31,354 shares of the stock traded hands, compared to its average volume of 920,810. Raymond James Financial, Inc. has a 52-week low of $71.35 and a 52-week high of $99.26. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 0.53. The company has a market cap of $14,379.48, a PE ratio of 23.84, a PEG ratio of 0.84 and a beta of 1.61.
Raymond James Financial (NYSE:RJF) last issued its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $1.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.19. Raymond James Financial had a net margin of 9.00% and a return on equity of 14.87%. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the prior year, the business earned $1.07 EPS. The business’s quarterly revenue was up 15.6% on a year-over-year basis. equities analysts forecast that Raymond James Financial, Inc. will post 6.89 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RJF. Cerebellum GP LLC bought a new stake in Raymond James Financial during the 4th quarter worth approximately $129,000. Tower Research Capital LLC TRC raised its stake in Raymond James Financial by 402.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,834 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 1,469 shares during the period. Assetmark Inc. raised its stake in Raymond James Financial by 478.2% during the 4th quarter. Assetmark Inc. now owns 1,833 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 1,516 shares during the period. Financial Gravity Companies Inc. bought a new stake in Raymond James Financial during the 4th quarter worth approximately $177,000. Finally, Claraphi Advisory Network LLC bought a new stake in Raymond James Financial during the 4th quarter worth approximately $202,000. Institutional investors own 70.99% of the company’s stock.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Raymond James Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. ValuEngine upgraded shares of Raymond James Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Keefe, Bruyette & Woods upgraded shares of Raymond James Financial from a “market perform” rating to an “outperform” rating and set a $74.00 price objective on the stock in a research note on Monday, February 26th. Buckingham Research increased their price objective on shares of Raymond James Financial from $113.00 to $117.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $82.00 price objective on shares of Raymond James Financial in a research note on Wednesday, January 3rd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $95.29.
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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.
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