Raymond James (NYSE:RJF) SVP George Catanese sold 6,611 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $78.71, for a total transaction of $520,351.81. Following the completion of the sale, the senior vice president now directly owns 6,180 shares of the company’s stock, valued at approximately $486,427.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

RJF traded down $1.36 during trading on Thursday, reaching $74.89. 13,471 shares of the company’s stock were exchanged, compared to its average volume of 1,125,521. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.10 and a current ratio of 1.13. Raymond James has a fifty-two week low of $71.93 and a fifty-two week high of $102.17. The firm has a market capitalization of $10.93 billion, a PE ratio of 11.79, a P/E/G ratio of 0.60 and a beta of 1.74.

Raymond James (NYSE:RJF) last released its earnings results on Wednesday, October 24th. The financial services provider reported $1.68 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.13). Raymond James had a return on equity of 15.72% and a net margin of 11.46%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.91 billion. Equities analysts forecast that Raymond James will post 7.48 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 17th. Shareholders of record on Thursday, January 3rd will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Wednesday, January 2nd. This is a positive change from Raymond James’s previous quarterly dividend of $0.30. Raymond James’s payout ratio is currently 18.55%.

A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Raymond James from a “sell” rating to a “hold” rating in a report on Wednesday, November 28th. Buckingham Research lowered their price target on shares of Raymond James from $117.00 to $111.00 and set a “buy” rating for the company in a report on Friday, October 26th. Finally, Wolfe Research assumed coverage on shares of Raymond James in a report on Tuesday, September 25th. They set an “outperform” rating for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $100.63.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Raymond James by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 13,760,818 shares of the financial services provider’s stock worth $1,266,683,000 after acquiring an additional 182,616 shares during the period. Morgan Stanley boosted its position in shares of Raymond James by 5.1% during the third quarter. Morgan Stanley now owns 551,538 shares of the financial services provider’s stock worth $50,769,000 after purchasing an additional 26,729 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Raymond James by 1.3% during the third quarter. Legal & General Group Plc now owns 570,361 shares of the financial services provider’s stock worth $52,501,000 after purchasing an additional 7,590 shares in the last quarter. Buckingham Capital Management Inc. boosted its position in shares of Raymond James by 103.6% during the third quarter. Buckingham Capital Management Inc. now owns 10,724 shares of the financial services provider’s stock worth $987,000 after purchasing an additional 5,458 shares in the last quarter. Finally, Standard Life Aberdeen plc boosted its position in shares of Raymond James by 13.6% during the third quarter. Standard Life Aberdeen plc now owns 34,144 shares of the financial services provider’s stock worth $3,143,000 after purchasing an additional 4,100 shares in the last quarter. 72.74% of the stock is owned by hedge funds and other institutional investors.

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About Raymond James

Raymond James Financial, Inc, a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments.

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