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 shares were sold at an average price of $71.63, for a total value of $537,225.00. Following the completion of the sale, the senior vice president now owns 15,957 shares in the company, valued at $1,142,999.91. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Raymond James Financial Inc. (NYSE:RJF) opened at 71.17 on Tuesday. The company has a market capitalization of $10.06 billion, a price-to-earnings ratio of 19.50 and a beta of 1.51. Raymond James Financial Inc. has a 1-year low of $39.84 and a 1-year high of $73.59. The stock’s 50 day moving average price is $63.58 and its 200 day moving average price is $56.86.

Raymond James Financial (NYSE:RJF) last released its quarterly earnings data on Wednesday, October 26th. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 earnings per share. Analysts expect that Raymond James Financial Inc. will post $4.29 EPS for the current year.

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

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Several equities analysts have recently issued reports on RJF shares. Zacks Investment Research upgraded Raymond James Financial from a “sell” rating to a “hold” rating in a research report on Thursday, August 18th. Wells Fargo & Co. reiterated a “hold” rating on shares of Raymond James Financial in a research report on Thursday, September 22nd. Nomura reiterated a “hold” rating and set a $62.00 price target on shares of Raymond James Financial in a research report on Friday, September 30th. Finally, JMP Securities cut Raymond James Financial from an “outperform” rating to a “market perform” rating in a research report on Friday, October 28th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Raymond James Financial currently has a consensus rating of “Hold” and a consensus target price of $59.83.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Columbia Wanger Asset Management LLC acquired a new position in shares of Raymond James Financial during the second quarter valued at approximately $62,562,000. Prudential Financial Inc. increased its position in shares of Raymond James Financial by 143.0% in the second quarter. Prudential Financial Inc. now owns 1,544,994 shares of the company’s stock valued at $76,168,000 after buying an additional 909,203 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Raymond James Financial by 25.9% in the third quarter. JPMorgan Chase & Co. now owns 3,430,908 shares of the company’s stock valued at $199,714,000 after buying an additional 706,120 shares during the last quarter. Vanguard Group Inc. increased its position 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 during the last quarter. Finally, Boston Partners increased its position in shares of Raymond James Financial by 6.5% in the second quarter. Boston Partners now owns 5,741,104 shares of the company’s stock valued at $283,036,000 after buying an additional 351,778 shares during the last quarter. 68.95% of the stock is currently owned by institutional investors and hedge funds.

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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