Insider Selling: Raymond James Financial Inc. (RJF) Insider Sells 4,158 Shares of Stock

Raymond James Financial Inc. (NYSE:RJF) insider George Catanese sold 4,158 shares of the stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $53.89, for a total transaction of $224,074.62. Following the sale, the insider now directly owns 8,739 shares in the company, valued at $470,944.71. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Several equities research analysts have recently issued reports on RJF shares. Zacks Investment Research raised shares of Raymond James Financial from a “sell” rating to a “hold” rating in a research note on Monday, March 28th. Credit Suisse Group AG set a $56.00 target price on shares of Raymond James Financial and gave the stock a “buy” rating in a research note on Wednesday, July 20th. Nomura Holdings Inc. reissued a “hold” rating on shares of Raymond James Financial in a research note on Monday, July 11th. Wells Fargo & Co. reissued a “hold” rating on shares of Raymond James Financial in a research note on Thursday, May 12th. Finally, TheStreet raised shares of Raymond James Financial from a “hold” rating to a “buy” rating in a research note on Monday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $59.75.

Shares of Raymond James Financial Inc. (NYSE:RJF) traded up 0.80% during mid-day trading on Tuesday, hitting $54.46. 503,244 shares of the stock were exchanged. The company has a 50-day moving average of $51.67 and a 200 day moving average of $48.87. The stock has a market cap of $7.69 billion and a PE ratio of 16.26. Raymond James Financial Inc. has a one year low of $39.84 and a one year high of $60.26.

Raymond James Financial (NYSE:RJF) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.03. During the same period in the prior year, the business earned $0.91 EPS. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.32 billion. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities analysts predict that Raymond James Financial Inc. will post $3.48 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 1st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Wednesday, June 29th.

Raymond James Financial, Inc, is a financial services company providing private client, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The Company operates in five reportable segments: Private Client Group; Capital Markets; Asset Management; RJ Bank, and the Other Segment.