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Raymond James (NYSE:RJF) CFO Jeffrey P. Julien sold 10,000 shares of the stock on the open market in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $51.72, for a total value of $517,200.00. Following the completion of the transaction, 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 filing with the SEC, which is available at this link.

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 company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $56.00.

Raymond James (NYSE:RJF) opened at 52.00 on Monday. Raymond James has a 52-week low of $40.01 and a 52-week high of $56.32. The stock’s 50-day moving average is $50.62 and its 200-day moving average is $50.86. The company has a market cap of $7.294 billion and a P/E ratio of 16.26.

Raymond James (NYSE:RJF) last posted its quarterly earnings results 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.

Raymond James Financial, Inc (NYSE:RJF) is a financial holding company.

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