Raymond James (NYSE:RJF) Insider James E. Bunn Sells 4,000 Shares

Raymond James (NYSE:RJFGet Rating) insider James E. Bunn sold 4,000 shares of the company’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $106.75, for a total value of $427,000.00. Following the sale, the insider now owns 21,096 shares in the company, valued at approximately $2,251,998. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Raymond James Price Performance

Shares of NYSE RJF opened at $109.80 on Tuesday. The business’s 50 day moving average price is $100.71 and its two-hundred day moving average price is $99.89. The company has a market cap of $23.70 billion, a PE ratio of 15.64 and a beta of 1.06. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.40. Raymond James has a twelve month low of $84.86 and a twelve month high of $117.37.

Raymond James (NYSE:RJFGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The financial services provider reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.12). The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.66 billion. Raymond James had a return on equity of 17.94% and a net margin of 13.58%. Raymond James’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the firm earned $1.83 EPS. On average, analysts predict that Raymond James will post 7.43 EPS for the current year.

Raymond James Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 3rd will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Friday, September 30th. Raymond James’s payout ratio is 19.37%.

Hedge Funds Weigh In On Raymond James

Several institutional investors and hedge funds have recently made changes to their positions in the company. Amundi grew its position in shares of Raymond James by 177.1% in the second quarter. Amundi now owns 451,796 shares of the financial services provider’s stock valued at $39,441,000 after purchasing an additional 288,769 shares during the last quarter. Verition Fund Management LLC acquired a new position in shares of Raymond James in the second quarter valued at approximately $530,000. Captrust Financial Advisors grew its position in shares of Raymond James by 0.3% in the second quarter. Captrust Financial Advisors now owns 52,844 shares of the financial services provider’s stock valued at $4,743,000 after purchasing an additional 151 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of Raymond James in the second quarter valued at approximately $505,000. Finally, Eagle Bay Advisors LLC acquired a new position in shares of Raymond James in the second quarter valued at approximately $79,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. StockNews.com lowered Raymond James from a “buy” rating to a “hold” rating in a report on Monday, August 1st. Jefferies Financial Group upped their target price on Raymond James from $108.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, August 26th. Finally, Morgan Stanley dropped their target price on Raymond James from $138.00 to $119.00 and set an “overweight” rating on the stock in a report on Monday, July 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $139.00.

About Raymond James

(Get Rating)

Raymond James Financial, Inc, a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments.

Featured Articles

Insider Buying and Selling by Quarter for Raymond James (NYSE:RJF)

Receive News & Ratings for Raymond James Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raymond James and related companies with MarketBeat.com's FREE daily email newsletter.