Raymond James Financial (NYSE:RJF) witnessed a selling pressure and the shares last traded with a loss of -0.15 points or -0.28% at $52.71. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $1.64 million with an inflow of $4.75 million in upticks and an outflow of $3.1 million in downticks. Using the data, the up/down ratio is found to be 1.53. The share price has recorded -4.75% on a weekly basis.A block trade of $1.84 million in uptick and $0 million in downtick was also observed, resulting in an up/down ratio of 0. The net money flow of the block trade stood at a $1.84, signaling heavy buying.
Currently the company Insiders own 11.21% of Raymond James Financial shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -8.65% . Institutional Investors own 71.11% of Raymond James Financial shares. During last six month period, the net percent change held by insiders has seen a change of 11.35%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Operating Officer) of Raymond James Financial Inc, Zank Dennis W had sold 15,000 shares worth of $848,100 in a transaction dated June 6, 2016. In this transaction, 15,000 shares were sold at $56.54 per share.
Raymond James Financial (NYSE:RJF) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.6 points or 1.14% at $52.26 with 846,574 shares getting traded. Post opening the session at $52.55, the shares hit an intraday low of $52.18 and an intraday high of $53.29 and the price was in this range throughout the day. The company has a market cap of $7,396 million and the number of outstanding shares have been calculated to be 141,531,600 shares. The 52-week high of Raymond James Financial (NYSE:RJF) is $61.82 and the 52-week low is $39.84.
Many analysts have stated their opinion on the company shares. Goldman Sachs maintains their rating on the shares of Raymond James Financial (NYSE:RJF). The current rating of the shares is Neutral. Equity Analysts at the Firm raises the price target to $56 per share from $54 per share. The rating by the firm was issued on April 22, 2016.
Raymond James Financial, Inc., is a financial services company providing private client, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The Company operates in five reportable segments: Private Client Group; Capital Markets; Asset Management; RJ Bank, and the Other Segment. Private Client Group, offers securities transaction and financial planning services. Capital Markets, consist of equity, fixed income products and services. Asset Management, offers investment advisory services for individual and institutional investment portfolios, along with mutual funds. RJ Bank, provides corporate, SBL and residential loans, as well as FDIC insured deposit accounts, to clients of broker-dealer subsidiaries and to general public. Other Segment, includes principal capital and private equity activities, corporate overhead costs of Raymond James Financial such as interest cost on public debt, and the acquisition and integration costs.