Raymond James Financial Inc. (NYSE:RJF) insider Tashtego S. Elwyn sold 6,000 shares of Raymond James Financial stock in a transaction on Tuesday, November 29th. The shares were sold at an average price of $71.03, for a total value of $426,180.00. Following the transaction, the insider now owns 18,552 shares of the company’s stock, valued at approximately $1,317,748.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Raymond James Financial Inc. (NYSE:RJF) opened at 71.94 on Thursday. The company has a market cap of $9.84 billion, a price-to-earnings ratio of 19.69 and a beta of 1.51. Raymond James Financial Inc. has a 12-month low of $39.84 and a 12-month high of $73.59. The firm has a 50 day moving average price of $63.93 and a 200-day moving average price of $57.01.

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

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

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A number of hedge funds and other institutional investors have recently made changes to their positions in RJF. Legal & General Group Plc boosted its position in shares of Raymond James Financial by 15.7% in the first quarter. Legal & General Group Plc now owns 96,381 shares of the company’s stock valued at $4,589,000 after buying an additional 13,100 shares during the period. Metropolitan Life Insurance Co. NY boosted its position in shares of Raymond James Financial by 3.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 116,031 shares of the company’s stock valued at $5,524,000 after buying an additional 3,819 shares during the period. Arizona State Retirement System boosted its position in shares of Raymond James Financial by 3.7% in the first quarter. Arizona State Retirement System now owns 64,882 shares of the company’s stock valued at $3,089,000 after buying an additional 2,300 shares during the period. Royal Bank of Canada boosted its position in shares of Raymond James Financial by 5.9% in the first quarter. Royal Bank of Canada now owns 305,801 shares of the company’s stock valued at $14,559,000 after buying an additional 17,028 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Raymond James Financial by 211.6% in the second quarter. BNP Paribas Arbitrage SA now owns 65,390 shares of the company’s stock valued at $3,224,000 after buying an additional 44,402 shares during the period. 68.95% of the stock is currently owned by institutional investors.

A number of research analysts have issued reports on RJF shares. Wells Fargo & Co. reiterated a “hold” rating on shares of Raymond James Financial in a research note on Thursday, September 22nd. Nomura reiterated a “hold” rating and set a $62.00 price objective 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 upgraded 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target 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.

5 Day Chart for NYSE:RJF

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