Today it was reported that the President of Raymond James Financial (NYSE: RJF), John C. Carson, exercised options to sell 5,698 RJF shares at $55.49 a share, for a total transaction value of $528K.
In addition to John C. Carson, one other RJF executive reported Sell trades in the last month.
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Based on Raymond James Financial’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.88 billion and quarterly net profit of $232 million. In comparison, last year the company earned revenue of $1.67 billion and had a net profit of $183 million. RJF’s market cap is $13.47B and the company has a P/E ratio of 17.47. Currently, Raymond James Financial has an average volume of 169.5K.
Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $109.33, reflecting a 18.5% upside.
In the last 30 days, insiders have sold $528K worth of RJF shares and purchased $167.3K worth of RJF shares. The insider sentiment on Raymond James Financial has been positive according to 98 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
John C. Carson’s trades have generated a -13.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Raymond James Financial, Inc. is a holding company, which engages in the provision of financial and investment services. It operates through the following segments: Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other. The Private Client Group segment deals with financial planning and securities transaction services.
