James E. Bunn Sells 11,095 Shares of Raymond James (NYSE:RJF) Stock

Raymond James (NYSE:RJF - Get Free Report) insider James E. Bunn sold 11,095 shares of the firm's stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $124.44, for a total value of $1,380,661.80. Following the transaction, the insider now directly owns 46,977 shares in the company, valued at approximately $5,845,817.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Raymond James Price Performance

Shares of Raymond James stock traded up $1.15 during trading on Monday, reaching $125.57. The company's stock had a trading volume of 693,930 shares, compared to its average volume of 1,068,485. The business has a 50 day moving average price of $123.65 and a 200-day moving average price of $113.48. The company has a market capitalization of $26.25 billion, a P/E ratio of 15.19, a price-to-earnings-growth ratio of 0.85 and a beta of 1.03. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 0.37. Raymond James has a 12-month low of $84.06 and a 12-month high of $131.19.

Raymond James (NYSE:RJF - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $2.31 earnings per share for the quarter, missing analysts' consensus estimates of $2.32 by ($0.01). Raymond James had a return on equity of 18.24% and a net margin of 12.72%. The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period last year, the company earned $2.03 earnings per share. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Raymond James will post 9.56 EPS for the current year.

Raymond James Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Thursday, March 28th. Raymond James's dividend payout ratio (DPR) is 21.77%.

Institutional Trading of Raymond James

Large investors have recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new stake in Raymond James in the fourth quarter valued at $30,000. OLD Point Trust & Financial Services N A purchased a new stake in shares of Raymond James in the fourth quarter valued at $33,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Raymond James in the first quarter valued at $33,000. Addison Advisors LLC lifted its position in shares of Raymond James by 32.9% in the third quarter. Addison Advisors LLC now owns 416 shares of the financial services provider's stock valued at $42,000 after acquiring an additional 103 shares in the last quarter. Finally, CVA Family Office LLC purchased a new stake in shares of Raymond James in the fourth quarter valued at $50,000. Institutional investors and hedge funds own 83.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on RJF shares. Keefe, Bruyette & Woods dropped their price target on Raymond James from $132.00 to $131.00 and set a "market perform" rating on the stock in a research note on Thursday, April 25th. TD Cowen decreased their price target on shares of Raymond James from $131.00 to $126.00 and set a "hold" rating for the company in a research note on Thursday, April 25th. StockNews.com lowered shares of Raymond James from a "buy" rating to a "hold" rating in a research note on Friday, February 9th. Morgan Stanley raised their price target on Raymond James from $113.00 to $123.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 9th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $117.00 price objective (up from $112.00) on shares of Raymond James in a research note on Tuesday, January 9th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $126.22.

Raymond James Company Profile

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.