Raymond James Financial Inc. (NYSE:RJF)’s share price gapped up prior to trading on Friday . The stock had previously closed at $48.04, but opened at $48.94. Raymond James Financial shares last traded at $49.99, with a volume of 313,643 shares trading hands.

Several equities analysts have recently commented on the company. Goldman Sachs Group Inc. upped their target price on Raymond James Financial from $54.00 to $56.00 and gave the company a “neutral” rating in a research report on Friday, April 22nd. TheStreet raised Raymond James Financial from a “hold” rating to a “buy” rating in a research report on Monday, May 2nd. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Raymond James Financial in a research report on Wednesday, May 18th. Wells Fargo & Co. reissued a “hold” rating on shares of Raymond James Financial in a research report on Thursday, May 12th. Finally, Zacks Investment Research downgraded Raymond James Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $59.18.

The firm’s 50 day moving average price is $52.22 and its 200 day moving average price is $49.23. The firm has a market cap of $7.08 billion and a PE ratio of 14.75.

Raymond James Financial (NYSE:RJF) last released its earnings results on Wednesday, April 20th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.15. During the same period in the prior year, the company earned $0.77 earnings per share. The business earned $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. The business’s revenue was up 2.0% on a year-over-year basis. On average, analysts expect that Raymond James Financial Inc. will post $3.49 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Friday, July 1st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Wednesday, June 29th.

In other Raymond James Financial news, insider Jeffrey A. Dowdle sold 4,900 shares of the stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $54.18, for a total transaction of $265,482.00. Following the completion of the transaction, the insider now directly owns 34,749 shares of the company’s stock, valued at $1,882,700.82. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Dennis W. Zank sold 15,000 shares of the stock in a transaction on Monday, June 6th. The shares were sold at an average price of $56.54, for a total value of $848,100.00. Following the transaction, the chief operating officer now directly owns 158,379 shares of the company’s stock, valued at $8,954,748.66. The disclosure for this sale can be found here.

A number of institutional investors have recently made changes to their positions in the stock. Montag & Caldwell LLC raised its position in shares of Raymond James Financial by 2.0% in the fourth quarter. Montag & Caldwell LLC now owns 18,991 shares of the company’s stock valued at $1,101,000 after buying an additional 365 shares during the period. Gulf International Bank UK Ltd raised its position in shares of Raymond James Financial by 4.6% in the fourth quarter. Gulf International Bank UK Ltd now owns 39,147 shares of the company’s stock valued at $2,269,000 after buying an additional 1,710 shares during the period. BOKF NA raised its position in shares of Raymond James Financial by 38.4% in the fourth quarter. BOKF NA now owns 18,470 shares of the company’s stock valued at $1,071,000 after buying an additional 5,122 shares during the period. Quantitative Investment Management LLC purchased a new position in shares of Raymond James Financial during the fourth quarter valued at $1,582,000. Finally, GAM Holding AG raised its position in shares of Raymond James Financial by 2.0% in the fourth quarter. GAM Holding AG now owns 45,951 shares of the company’s stock valued at $2,664,000 after buying an additional 921 shares during the period.

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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