Jeffrey E. Trocin Sells 13,157 Shares of Raymond James (RJF) Stock

Raymond James (NYSE:RJF) insider Jeffrey E. Trocin sold 13,157 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $91.11, for a total transaction of $1,198,734.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

NYSE:RJF opened at $84.00 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.11 and a quick ratio of 1.08. The company has a market cap of $11.75 billion, a P/E ratio of 12.98 and a beta of 1.58. Raymond James has a fifty-two week low of $69.11 and a fifty-two week high of $102.17.

Raymond James (NYSE:RJF) last posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.14. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Raymond James had a net margin of 12.90% and a return on equity of 15.90%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company posted $1.63 EPS. As a group, equities analysts forecast that Raymond James will post 7.47 EPS for the current year.

Several large investors have recently bought and sold shares of the stock. Parallel Advisors LLC boosted its position in Raymond James by 215.3% in the 1st quarter. Parallel Advisors LLC now owns 309 shares of the financial services provider’s stock valued at $25,000 after buying an additional 211 shares during the period. CSat Investment Advisory L.P. boosted its position in Raymond James by 86.5% in the 4th quarter. CSat Investment Advisory L.P. now owns 345 shares of the financial services provider’s stock valued at $26,000 after buying an additional 160 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Raymond James in the 4th quarter valued at approximately $26,000. AdvisorNet Financial Inc boosted its position in Raymond James by 104.9% in the 1st quarter. AdvisorNet Financial Inc now owns 379 shares of the financial services provider’s stock valued at $30,000 after buying an additional 194 shares during the period. Finally, Bremer Trust National Association purchased a new position in Raymond James in the 4th quarter valued at approximately $31,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently weighed in on the stock. Argus reissued a “buy” rating on shares of Raymond James in a research note on Tuesday, April 30th. Citigroup increased their price target on shares of Raymond James from $87.00 to $93.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. ValuEngine raised shares of Raymond James from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. Wells Fargo & Co increased their price target on shares of Raymond James from $92.00 to $94.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Finally, Zacks Investment Research raised shares of Raymond James from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research note on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Raymond James currently has an average rating of “Buy” and a consensus price target of $94.63.

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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.

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

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