Raymond James Financial, Inc. (NYSE:RJF) SVP George Catanese sold 2,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $85.63, for a total value of $171,260.00. Following the completion of the transaction, the senior vice president now directly owns 6,678 shares in the company, valued at approximately $571,837.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Raymond James Financial, Inc. (NYSE:RJF) traded down $0.18 during midday trading on Wednesday, reaching $84.97. The company’s stock had a trading volume of 381,186 shares, compared to its average volume of 783,127. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.17 and a quick ratio of 1.14. The company has a market cap of $12,215.57, a PE ratio of 16.68, a PEG ratio of 0.85 and a beta of 1.71. Raymond James Financial, Inc. has a 1-year low of $68.97 and a 1-year high of $87.22.

Raymond James Financial (NYSE:RJF) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.15. Raymond James Financial had a return on equity of 13.97% and a net margin of 9.75%. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the firm earned $1.28 EPS. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. analysts forecast that Raymond James Financial, Inc. will post 5.89 EPS for the current year.

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Several institutional investors and hedge funds have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Raymond James Financial by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,523 shares of the financial services provider’s stock valued at $764,000 after purchasing an additional 37 shares during the last quarter. Sawtooth Solutions LLC lifted its holdings in shares of Raymond James Financial by 2.1% during the 2nd quarter. Sawtooth Solutions LLC now owns 3,067 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 62 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in shares of Raymond James Financial by 4.9% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,413 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 66 shares during the last quarter. SPC Financial Inc. lifted its holdings in shares of Raymond James Financial by 1.3% during the 2nd quarter. SPC Financial Inc. now owns 8,100 shares of the financial services provider’s stock valued at $650,000 after purchasing an additional 100 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of Raymond James Financial by 1.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 8,000 shares of the financial services provider’s stock valued at $642,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 67.86% of the company’s stock.

Several brokerages recently issued reports on RJF. Buckingham Research increased their price objective on Raymond James Financial from $92.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $85.00 price objective on shares of Raymond James Financial in a research note on Tuesday, October 3rd. Wells Fargo & Company raised Raymond James Financial from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $86.00 to $90.00 in a research note on Thursday, September 14th. Zacks Investment Research raised Raymond James Financial from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research note on Wednesday, August 30th. Finally, BidaskClub cut Raymond James Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 6th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $89.67.

About Raymond James Financial

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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