George Catanese Sells 506 Shares of Raymond James Financial, Inc. (NYSE:RJF) Stock

Raymond James Financial, Inc. (NYSE:RJF) SVP George Catanese sold 506 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $88.29, for a total value of $44,674.74. Following the completion of the sale, the senior vice president now directly owns 5,884 shares of the company’s stock, valued at approximately $519,498.36. The transaction was disclosed in a document filed with the SEC, which is available through this link.

George Catanese also recently made the following trade(s):

  • On Tuesday, November 21st, George Catanese sold 2,000 shares of Raymond James Financial stock. The stock was sold at an average price of $85.63, for a total value of $171,260.00.

Shares of Raymond James Financial, Inc. (NYSE RJF) traded up $1.62 during mid-day trading on Friday, hitting $96.79. The stock had a trading volume of 887,185 shares, compared to its average volume of 843,228. 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, Inc. has a fifty-two week low of $70.74 and a fifty-two week high of $96.79. The firm has a market cap of $13,840.93, a PE ratio of 22.35, a PEG ratio of 0.83 and a beta of 1.71.

Raymond James Financial (NYSE:RJF) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.47 earnings per share for the quarter, beating the Thomson Reuters’ 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 quarter in the previous year, the business earned $1.28 EPS. Raymond James Financial’s revenue for the quarter was up 15.8% compared to the same quarter last year. research analysts expect that Raymond James Financial, Inc. will post 6.78 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 17th. Investors of record on Wednesday, January 3rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Tuesday, January 2nd. This is a positive change from Raymond James Financial’s previous quarterly dividend of $0.22. Raymond James Financial’s payout ratio is currently 23.09%.

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Raymond James Financial by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 12,891,297 shares of the financial services provider’s stock valued at $1,034,139,000 after purchasing an additional 319,457 shares in the last quarter. Boston Partners increased its stake in shares of Raymond James Financial by 0.6% in the 3rd quarter. Boston Partners now owns 5,312,709 shares of the financial services provider’s stock valued at $448,021,000 after purchasing an additional 30,481 shares in the last quarter. Wells Fargo & Company MN increased its stake in Raymond James Financial by 3.4% during the 3rd quarter. Wells Fargo & Company MN now owns 3,308,312 shares of the financial services provider’s stock worth $278,990,000 after buying an additional 109,555 shares in the last quarter. Northern Trust Corp increased its stake in Raymond James Financial by 0.7% during the 2nd quarter. Northern Trust Corp now owns 1,461,795 shares of the financial services provider’s stock worth $117,266,000 after buying an additional 10,794 shares in the last quarter. Finally, BT Investment Management Ltd increased its stake in Raymond James Financial by 0.7% during the 3rd quarter. BT Investment Management Ltd now owns 1,240,326 shares of the financial services provider’s stock worth $104,597,000 after buying an additional 9,053 shares in the last quarter. Hedge funds and other institutional investors own 69.79% of the company’s stock.

RJF has been the subject of a number of recent analyst reports. Credit Suisse Group reissued a “hold” rating and issued a $82.00 price objective on shares of Raymond James Financial in a research report on Wednesday, January 3rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $85.00 price target on shares of Raymond James Financial in a research report on Tuesday, October 3rd. Wells Fargo & Co reaffirmed an “outperform” rating and set a $110.00 price target (up previously from $94.00) on shares of Raymond James Financial in a research report on Thursday, January 4th. Finally, Buckingham Research lifted their price target on Raymond James Financial from $92.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $91.43.

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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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One Response

  1. DeVaughn says:

    The fact that they are offering Dividend stocks is very interesting. I’m definitely going to buy some stock

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