Insider Analysis: Raymond James Financial, Inc. (NYSE:RJF)’s Senior Vice President George Catanese Unloaded 6,197 Shares

November 30, 2016 - By olga

Insider Analysis: Raymond James Financial, Inc. (NYSE:RJF)'s Senior Vice President George Catanese Unloaded 6,197 Shares

George Catanese Insider Sell

The Senior Vice President of Raymond James Financial Inc and firm’s insider George Catanese made a sale of 6,197 shares of the Pinksheet-listed Raymond James Financial Inc based on the market price per share of $71.5 of a share. The mentioned shares are worth based on the market about $443,138 USD. Right now, George Catanese has a total of 11,273 shares or 0.01% of Raymond James Financial Inc’s total market cap (Market Capitalization is a measurement of business value based on share price and number of shares outstanding). Dated November 30, 2016, this sudden deal by George Catanese was made public inside a legal form submitted together with the (SEC). It is at your disposal for a review here.

Raymond James Financial, Inc. (NYSE:RJF) Ratings Coverage

Out of 8 analysts covering Raymond James Financial Inc. (NYSE:RJF), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. $65 is the highest target while $49 is the lowest. The $60.10 average target is -16.63% below today’s ($72.09) stock price. Raymond James Financial Inc. has been the topic of 21 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Raymond James Financial, Inc. (NYSE:RJF) earned “Mkt Perform” rating by JMP Securities on Friday, October 28. The stock of Raymond James Financial, Inc. (NYSE:RJF) earned “Neutral” rating by Nomura on Monday, July 11. Citigroup downgraded the stock to “Neutral” rating in Tuesday, January 12 report. The firm earned “Buy” rating on Monday, October 26 by Citigroup. The stock of Raymond James Financial, Inc. (NYSE:RJF) has “Neutral” rating given on Monday, January 25 by Nomura. The stock of Raymond James Financial, Inc. (NYSE:RJF) earned “Outperform” rating by Credit Suisse on Monday, February 22.

Insitutional Activity: The institutional sentiment decreased to 0.82 in 2016 Q2. Its down 0.33, from 1.15 in 2016Q1. The ratio dived, as 23 funds sold all Raymond James Financial, Inc. shares owned while 108 reduced positions. 36 funds bought stakes while 114 increased positions. They now own 97.73 million shares or 1.42% less from 99.14 million shares in 2016Q1.

Amer Commercial Bank holds 0% or 5 shares in its portfolio. New England Professional Planning Grp last reported 0.7% of its portfolio in the stock. Tower Capital Limited Liability Co (Trc) has 3,333 shares for 0.02% of their US portfolio. Keybank Natl Association Oh holds 0% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF) for 7,442 shares. Congress Asset Mngmt Ma last reported 706,010 shares in the company. Tower Bridge has 73,155 shares for 0% of their US portfolio. Teachers Advsrs last reported 0.05% of its portfolio in the stock. Brc Mgmt Limited last reported 0.11% of its portfolio in the stock. Gru reported 244,056 shares or 0% of all its holdings. Moreover, Voya Management Limited Co has 0.01% invested in Raymond James Financial, Inc. (NYSE:RJF) for 91,616 shares. Gemmer Asset reported 222 shares or 0.01% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 12,370 shares. Peak6 Invests Lp has 0% invested in the company for 708 shares. Alliancebernstein Lp holds 0.01% or 128,579 shares in its portfolio. Utd Advisers Llc last reported 0.11% of its portfolio in the stock.

Insider Transactions: Since June 6, 2016, the stock had 0 insider purchases, and 7 insider sales for $3.90 million net activity. Elwyn Tashtego S sold 3,791 shares worth $215,029. 18,600 shares were sold by JULIEN JEFFREY P, worth $1.07 million. The insider ZANK DENNIS W sold 10,010 shares worth $577,013. 4,158 Raymond James Financial, Inc. (NYSE:RJF) shares with value of $224,095 were sold by Catanese George. 7,500 shares were sold by ACKART JENNIFER C, worth $537,211 on Monday, November 28.

About 480,376 shares traded hands. Raymond James Financial, Inc. (NYSE:RJF) has risen 31.98% since April 27, 2016 and is uptrending. It has outperformed by 26.76% the S&P500.

Raymond James Financial, Inc., is a financial services firm providing private client, capital markets, asset management, banking and other services to individuals, firms and municipalities. The company has a market cap of $10.22 billion. The Firm operates in five reportable divisions: Private Client Group; Capital Markets; Asset Management; RJ Bank, and the Other Segment. It has a 19.72 P/E ratio. Private Client Group, offers securities transaction and financial planning services.

According to Zacks Investment Research, “RAYMOND JAMES FINANCIAL, INC. is a holding company whose subsidiaries are engaged principally in the securities brokerage business including the underwriting, distribution, trading and brokerage of equity and debt securities, and the sale of tax advantaged investments, mutual funds and other investment products and provides investment management services for retail and institutional clients.”

Analysts await Raymond James Financial, Inc. (NYSE:RJF) to report earnings on January, 18. They expect $1.01 EPS, up 38.36% or $0.28 from last year’s $0.73 per share. RJF’s profit will be $143.18M for 17.84 P/E if the $1.01 EPS becomes a reality. After $1.28 actual EPS reported by Raymond James Financial, Inc. for the previous quarter, Wall Street now forecasts -21.09% negative EPS growth.

RJF Company Profile

Raymond James Financial, Inc., incorporated on January 24, 1974, is a financial holding company. The Company’s subsidiaries include Raymond James & Associates, Inc. (RJ&A), Raymond James Financial Services, Inc. (RJFS), Raymond James Financial Services Advisors, Inc. (RJFSA), Raymond James Ltd. (RJ Ltd.), Eagle Asset Management, Inc. (Eagle) and Raymond James Bank, N.A. (RJ Bank). The Firm has five divisions: Private Client Group, Capital Markets, Asset Management, RJ Bank and Other. The Private Client Group segment includes the retail branches of the Company’s broker-dealer subsidiaries located throughout the United States, Canada and the United Kingdom. The Capital Markets segment includes institutional sales and trading in the United States, Canada and Europe. The Asset Management segment includes the activities of Eagle, the Eagle Family of Funds, Cougar Global Investments Limited (Cougar), the asset management activities of RJ&A, trust services of Raymond James Trust, N.A. (RJ Trust) and other fee asset management programs. The RJ Bank segment originates and purchases commercial and industrial (C&I) loans, tax-exempt loans, securities based loans (SBL), as well as commercial and residential real estate loans. The Other segment includes principal capital and private equity activities, as well as certain corporate costs of the Company.

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