Raymond James Financial, Inc. (NYSE:RJF) insider Jeffrey A. Dowdle sold 8,021 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $88.67, for a total value of $711,222.07. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Raymond James Financial, Inc. (NYSE RJF) opened at $87.86 on Thursday. Raymond James Financial, Inc. has a fifty-two week low of $68.97 and a fifty-two week high of $91.29. The company has a market capitalization of $12,928.18, a P/E ratio of 17.62, a price-to-earnings-growth ratio of 0.89 and a beta of 1.71. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.60.

Raymond James Financial (NYSE:RJF) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.15. Raymond James Financial had a return on equity of 13.75% and a net margin of 9.75%. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the prior year, the firm earned $1.28 earnings per share. The business’s revenue was up 15.8% compared to the same quarter last year. equities research analysts expect that Raymond James Financial, Inc. will post 5.89 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 17th. Investors of record on Wednesday, January 3rd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Tuesday, January 2nd. This is a boost from Raymond James Financial’s previous quarterly dividend of $0.22. Raymond James Financial’s dividend payout ratio (DPR) is currently 20.32%.

Several analysts have weighed in on RJF shares. Buckingham Research boosted their price target on Raymond James Financial from $92.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Wells Fargo & Company upgraded Raymond James Financial from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $86.00 to $90.00 in a research note on Thursday, September 14th. Zacks Investment Research upgraded Raymond James Financial from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research note on Wednesday, August 30th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $85.00 target price on shares of Raymond James Financial in a research note on Tuesday, October 3rd. Finally, Credit Suisse Group began coverage on Raymond James Financial in a research note on Thursday, November 30th. They issued an “underperform” rating and a $82.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $88.57.

Several large investors have recently bought and sold shares of RJF. BT Investment Management Ltd purchased a new position in Raymond James Financial in the second quarter worth approximately $98,773,000. Janus Henderson Group PLC grew its position in Raymond James Financial by 188.1% in the second quarter. Janus Henderson Group PLC now owns 1,206,006 shares of the financial services provider’s stock worth $96,746,000 after acquiring an additional 787,396 shares during the period. Wells Fargo & Company MN grew its position in Raymond James Financial by 25.1% in the second quarter. Wells Fargo & Company MN now owns 3,198,757 shares of the financial services provider’s stock worth $256,605,000 after acquiring an additional 642,474 shares during the period. Ameriprise Financial Inc. grew its position in Raymond James Financial by 489.1% in the second quarter. Ameriprise Financial Inc. now owns 471,784 shares of the financial services provider’s stock worth $38,146,000 after acquiring an additional 391,701 shares during the period. Finally, Vanguard Group Inc. grew its position in Raymond James Financial by 2.5% in the second quarter. Vanguard Group Inc. now owns 12,891,297 shares of the financial services provider’s stock worth $1,034,139,000 after acquiring an additional 319,457 shares during the period. 69.86% of the stock is owned by hedge funds and other institutional investors.

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Raymond James Financial Company Profile

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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