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George Catanese Sells 5,510 Shares of Raymond James (NYSE:RJF) Stock

Raymond James (NYSE:RJF) insider George Catanese sold 5,510 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $88.86, for a total value of $489,618.60. Following the completion of the sale, the insider now directly owns 5,760 shares in the company, valued at approximately $511,833.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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George Catanese also recently made the following trade(s):

  • On Thursday, November 7th, George Catanese sold 464 shares of Raymond James stock. The shares were sold at an average price of $89.61, for a total value of $41,579.04.

Shares of NYSE:RJF traded up $0.87 during trading on Monday, hitting $89.28. The company’s stock had a trading volume of 22,084 shares, compared to its average volume of 680,891. The business has a 50 day moving average price of $84.45 and a two-hundred day moving average price of $83.02. The company has a market capitalization of $12.24 billion, a PE ratio of 12.06 and a beta of 1.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.11. Raymond James has a fifty-two week low of $69.11 and a fifty-two week high of $92.00.

Raymond James (NYSE:RJF) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $2.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.01. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.99 billion. Raymond James had a net margin of 12.89% and a return on equity of 16.67%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.68 earnings per share. As a group, equities analysts expect that Raymond James will post 8.05 earnings per share for the current fiscal year.

RJF has been the subject of several research reports. Citigroup dropped their price target on shares of Raymond James from $87.00 to $86.00 and set a “neutral” rating for the company in a research note on Thursday, September 19th. Credit Suisse Group boosted their price target on shares of Raymond James from $97.00 to $98.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Morgan Stanley initiated coverage on shares of Raymond James in a research note on Wednesday, November 20th. They issued a “weight” rating and a $91.00 price target for the company. Finally, ValuEngine downgraded shares of Raymond James from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $91.88.

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Raymond James by 0.3% during the second quarter. Vanguard Group Inc. now owns 13,785,926 shares of the financial services provider’s stock worth $1,165,599,000 after purchasing an additional 43,281 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Raymond James by 2.8% during the second quarter. JPMorgan Chase & Co. now owns 2,527,322 shares of the financial services provider’s stock worth $208,503,000 after purchasing an additional 69,935 shares in the last quarter. Primecap Management Co. CA grew its stake in shares of Raymond James by 5.9% during the second quarter. Primecap Management Co. CA now owns 2,159,350 shares of the financial services provider’s stock worth $182,573,000 after purchasing an additional 119,400 shares in the last quarter. Earnest Partners LLC grew its stake in shares of Raymond James by 1.0% during the second quarter. Earnest Partners LLC now owns 1,828,540 shares of the financial services provider’s stock worth $154,603,000 after purchasing an additional 18,070 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Raymond James by 10.9% during the second quarter. Bank of New York Mellon Corp now owns 1,787,923 shares of the financial services provider’s stock worth $151,170,000 after purchasing an additional 175,088 shares in the last quarter. Hedge funds and other institutional investors own 69.85% of the company’s stock.

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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