Raymond James Financial, Inc. (NYSE:RJF) CEO Steven M. Raney sold 9,890 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $88.95, for a total value of $879,715.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Raymond James Financial, Inc. (NYSE RJF) traded down $0.06 during trading hours on Friday, hitting $88.24. The stock had a trading volume of 1,420,791 shares, compared to its average volume of 782,878. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 1.14. The stock has a market cap of $12,750.00, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 0.87 and a beta of 1.71. Raymond James Financial, Inc. has a 52-week low of $68.97 and a 52-week high of $90.27.

Raymond James Financial (NYSE:RJF) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.47 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the business posted $1.28 EPS. Raymond James Financial’s revenue was up 15.8% on a year-over-year basis. research analysts anticipate that Raymond James Financial, Inc. will post 5.89 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its stake in Raymond James Financial by 1,611.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,252 shares of the financial services provider’s stock worth $261,000 after buying an additional 3,062 shares in the last quarter. Greenwood Capital Associates LLC purchased a new stake in Raymond James Financial in the 2nd quarter worth $300,000. Toronto Dominion Bank increased its stake in Raymond James Financial by 25.9% in the 2nd quarter. Toronto Dominion Bank now owns 43,436 shares of the financial services provider’s stock worth $3,484,000 after buying an additional 8,929 shares in the last quarter. Principal Financial Group Inc. increased its stake in Raymond James Financial by 16.1% in the 2nd quarter. Principal Financial Group Inc. now owns 360,741 shares of the financial services provider’s stock worth $28,938,000 after buying an additional 50,132 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Raymond James Financial by 489.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 471,784 shares of the financial services provider’s stock worth $38,146,000 after buying an additional 391,701 shares in the last quarter. Institutional investors and hedge funds own 69.95% of the company’s stock.

Several equities research analysts have recently commented on the company. Credit Suisse Group assumed coverage on Raymond James Financial in a research note on Thursday. They issued an “underperform” rating and a $82.00 price objective for the company. Keefe, Bruyette & Woods restated a “hold” rating and issued a $85.00 price objective on shares of Raymond James Financial in a research note on Tuesday, October 3rd. Buckingham Research upped their price objective on Raymond James Financial from $92.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. BidaskClub lowered Raymond James Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 6th. Finally, Wells Fargo & Company upgraded Raymond James Financial from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $86.00 to $90.00 in a research note on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Raymond James Financial has a consensus rating of “Buy” and a consensus price target of $88.57.

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About Raymond James Financial

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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