Raymond James Financial Inc. (NYSE:RJF) SVP Jennifer C. Ackart sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $71.63, for a total value of $537,225.00. Following the sale, the senior vice president now directly owns 15,957 shares of the company’s stock, valued at approximately $1,142,999.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Raymond James Financial Inc. (NYSE:RJF) opened at 71.10 on Wednesday. Raymond James Financial Inc. has a 12-month low of $39.84 and a 12-month high of $73.59. The company has a market cap of $9.73 billion, a price-to-earnings ratio of 19.46 and a beta of 1.51. The stock has a 50 day moving average price of $63.58 and a 200-day moving average price of $56.86.

Raymond James Financial (NYSE:RJF) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.29. The company had revenue of $1.46 billion for the quarter. Raymond James Financial had a return on equity of 11.26% and a net margin of 9.59%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.88 EPS. On average, analysts predict that Raymond James Financial Inc. will post $4.29 EPS for the current fiscal year.

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

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Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Raymond James Financial by 4.0% in the second quarter. Vanguard Group Inc. now owns 9,567,897 shares of the company’s stock valued at $471,698,000 after buying an additional 370,101 shares in the last quarter. Boston Partners increased its stake in shares of Raymond James Financial by 4.6% in the third quarter. Boston Partners now owns 6,008,016 shares of the company’s stock valued at $349,727,000 after buying an additional 266,912 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Raymond James Financial by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 5,780,132 shares of the company’s stock valued at $336,462,000 after buying an additional 95,535 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of Raymond James Financial by 5.5% in the third quarter. BlackRock Fund Advisors now owns 4,849,526 shares of the company’s stock valued at $282,291,000 after buying an additional 252,925 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Raymond James Financial by 0.4% in the second quarter. State Street Corp now owns 4,064,426 shares of the company’s stock valued at $200,386,000 after buying an additional 15,632 shares in the last quarter. Institutional investors and hedge funds own 68.95% of the company’s stock.

Several equities research analysts recently commented on RJF shares. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Raymond James Financial in a research note on Thursday, September 22nd. Nomura reaffirmed a “hold” rating and set a $62.00 target price on shares of Raymond James Financial in a research note on Friday, September 30th. JMP Securities cut Raymond James Financial from an “outperform” rating to a “market perform” rating in a research note on Friday, October 28th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Raymond James Financial from a “sell” rating to a “hold” rating and set a $65.00 price objective for the company in a research note on Monday, September 5th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Raymond James Financial currently has a consensus rating of “Hold” and a consensus target price of $59.83.

About Raymond James Financial

Raymond James Financial, Inc, is a financial services company providing private client, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The Company operates in five reportable segments: Private Client Group; Capital Markets; Asset Management; RJ Bank, and the Other Segment.

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