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.
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