Raymond James CFO Sells $517,200 in Stock (RJF)
Raymond James (NYSE:RJF) CFO Jeffrey P. Julien unloaded 10,000 shares of Raymond James stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $51.72, for a total transaction of $517,200.00. Following the sale, the chief financial officer now directly owns 30,061 shares in the company, valued at approximately $1,554,755. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Raymond James (NYSE:RJF) traded up 0.17% during mid-day trading on Thursday, hitting $52.10. The stock had a trading volume of 130,488 shares. Raymond James has a one year low of $40.01 and a one year high of $56.32. The stock’s 50-day moving average is $50.5 and its 200-day moving average is $50.85. The company has a market cap of $7.308 billion and a price-to-earnings ratio of 16.23.
Raymond James (NYSE:RJF) last released its earnings data on Wednesday, July 23rd. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.76 by $0.09. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. On average, analysts predict that Raymond James will post $3.21 earnings per share for the current fiscal year.
RJF has been the subject of a number of recent research reports. Analysts at Susquehanna upgraded shares of Raymond James from a “neutral” rating to a “positive” rating in a research note on Thursday, July 31st. They now have a $62.00 price target on the stock, up previously from $56.00. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Raymond James in a research note on Friday, July 25th. They now have a $55.00 price target on the stock, up previously from $53.00. Finally, analysts at Nomura raised their price target on shares of Raymond James from $59.00 to $60.00 in a research note on Wednesday, July 9th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $56.00.
Raymond James Financial, Inc (NYSE:RJF) is a financial holding company.
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