Today it was reported that the President – RJFS of Raymond James Financial (NYSE: RJF), Scott Curtis, exercised options to buy 4,418 RJF shares at $37.87 a share, for a total transaction value of $167.3K.
Following Scott Curtis’ last RJF Buy transaction on January 05, 2017, the stock climbed by 21.7%. Following this transaction Scott Curtis’ holding in the company was increased by 7.47% to a total of $5.98 million.
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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 $13.71B and the company has a P/E ratio of 17.78. Currently, Raymond James Financial has an average volume of 164.4K.
Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $109.33, reflecting a 16.4% upside. Three different firms, including Citigroup and JMP Securities, currently also have a Buy rating on the stock.
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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.
