Raymond James (NYSE:RJF) Insider Sells $571,554.62 in Stock

Raymond James (NYSE:RJF) insider Bella Loykhter Allaire sold 3,451 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $165.62, for a total value of $571,554.62. Following the sale, the insider now owns 80,421 shares of the company’s stock, valued at $13,319,326.02. This trade represents a 4.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Bella Loykhter Allaire also recently made the following trade(s):

• On Friday, November 29th, Bella Loykhter Allaire sold 1,170 shares of Raymond James stock. The stock was sold at an average price of $169.43, for a total value of $198,233.10.

Raymond James Stock Up 0.2 %

Raymond James stock opened at $165.76 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.02. The firm has a market capitalization of $33.82 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 0.97 and a beta of 1.00. Raymond James has a fifty-two week low of $104.24 and a fifty-two week high of $171.38. The stock’s fifty day moving average is $146.28 and its two-hundred day moving average is $127.97.

Raymond James (NYSE:RJF) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.54. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.32 billion. Raymond James had a return on equity of 19.30% and a net margin of 13.86%. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.13 earnings per share. Analysts predict that Raymond James will post 10.83 EPS for the current fiscal year.

Raymond James Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 2nd will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.21%. This is a positive change from Raymond James’s previous quarterly dividend of $0.45. Raymond James’s dividend payout ratio (DPR) is presently 18.54%.

Institutional Trading of Raymond James

Large investors have recently made changes to their positions in the stock. Wolff Wiese Magana LLC boosted its stake in shares of Raymond James by 3,960.0% during the third quarter. Wolff Wiese Magana LLC now owns 203 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 198 shares during the last quarter. Quarry LP purchased a new position in Raymond James during the second quarter worth about $29,000. Future Financial Wealth Managment LLC purchased a new position in Raymond James during the third quarter worth about $32,000. Gladius Capital Management LP purchased a new position in Raymond James during the third quarter worth about $34,000. Finally, Peterson Financial Group Inc. purchased a new position in Raymond James during the third quarter worth about $37,000. Institutional investors and hedge funds own 83.83% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on RJF. Morgan Stanley upped their price target on Raymond James from $132.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. JMP Securities upped their price target on Raymond James from $146.00 to $150.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 24th. The Goldman Sachs Group increased their price objective on Raymond James from $125.00 to $142.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Jefferies Financial Group increased their price objective on Raymond James from $123.00 to $126.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Finally, Wells Fargo & Company increased their price objective on Raymond James from $140.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $140.91.

About Raymond James

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.