Raymond James Financial, Inc. (NYSE:RJF) insider Jeffrey A. Dowdle sold 8,021 shares of Raymond James Financial stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $88.67, for a total value of $711,222.07. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of Raymond James Financial, Inc. (NYSE RJF) opened at $89.53 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $12,922.40, a price-to-earnings ratio of 17.62, a P/E/G ratio of 0.89 and a beta of 1.71. Raymond James Financial, Inc. has a 1-year low of $68.97 and a 1-year high of $91.29.

Raymond James Financial (NYSE:RJF) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.15. The firm had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.67 billion. Raymond James Financial had a return on equity of 13.75% and a net margin of 9.75%. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.28 EPS. research analysts forecast that Raymond James Financial, Inc. will post 5.89 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 17th. Investors of record on Wednesday, January 3rd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Tuesday, January 2nd. This is an increase from Raymond James Financial’s previous quarterly dividend of $0.22. Raymond James Financial’s payout ratio is currently 20.32%.

RJF has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Raymond James Financial from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Wednesday, August 30th. Wells Fargo & Company upgraded Raymond James Financial from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $86.00 to $90.00 in a research report on Thursday, September 14th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $85.00 target price on shares of Raymond James Financial in a research report on Tuesday, October 3rd. Credit Suisse Group assumed coverage on Raymond James Financial in a research report on Thursday, November 30th. They issued an “underperform” rating and a $82.00 target price on the stock. Finally, Buckingham Research boosted their price objective on Raymond James Financial from $92.00 to $96.00 and gave the company a “buy” rating in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $88.57.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Raymond James Financial by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,523 shares of the financial services provider’s stock worth $764,000 after purchasing an additional 37 shares in the last quarter. Sawtooth Solutions LLC boosted its position in shares of Raymond James Financial by 2.1% during the 2nd quarter. Sawtooth Solutions LLC now owns 3,067 shares of the financial services provider’s stock worth $246,000 after acquiring an additional 62 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its position in shares of Raymond James Financial by 4.9% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,413 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 66 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Raymond James Financial by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 31,800 shares of the financial services provider’s stock worth $2,551,000 after acquiring an additional 100 shares in the last quarter. Finally, Synovus Financial Corp boosted its position in shares of Raymond James Financial by 2.6% during the 2nd quarter. Synovus Financial Corp now owns 6,207 shares of the financial services provider’s stock worth $497,000 after acquiring an additional 156 shares in the last quarter. 69.86% of the stock is owned by hedge funds and other institutional investors.

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Raymond James Financial Company Profile

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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