In a filing, Raymond James Financial Inc. revealed its Pres-GlobEq&Inv Banking-RJA Bunn James E unloaded Company’s shares for reported $0.43 million on Sep 08. In the deal valued at $106.75 per share,4,000 shares were sold. As a result of this transaction, Bunn James E now holds 21,096 shares worth roughly $ 2.56 million.
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Then, Bunn James E sold 6,000 shares, generating $601,287 in total proceeds. Upon selling the shares at $100.21, the Pres-GlobEq&Inv Banking-RJA now owns 25,096 shares.
Before that, Allaire Bella Loykhter sold 15,000 shares. Raymond James Financial Inc. shares valued at $1,721,700 were divested by the Executive Vice President-RJA at a price of $114.78 per share. As a result of the transaction, Allaire Bella Loykhter now holds 70,357 shares, worth roughly $8.55 million.
Credit Suisse initiated its Raymond James Financial Inc. [RJF] rating to a Neutral in a research note published on Monday, October 19, 2022; the price target was $120. PT values the company’s stock at a premium of -1.25 to its Monday closing price. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in mid October with a ‘”a Neutral”‘ rating. Seaport Research Partners also remained covering RJF and has increased its forecast on January 28, 2022 with a “Buy” recommendation from previously “Neutral” rating. JMP Securities revised its rating on January 10, 2022. It rated RJF as “a Mkt perform” which previously was an “a Mkt outperform”.
Price Performance Review of RJF
On Monday, Raymond James Financial Inc. [NYSE:RJF] saw its stock jump 0.88% to $121.50. On the same session, the stock had its day’s lowest price of $120.04, but rose to a high of $121.63. Over the last five days, the stock has gained 2.84%. Raymond James Financial Inc. shares have risen nearly 21.02% since the year began. Nevertheless, the stocks have risen 21.50% over the past one year. While a 52-week high of $120.56 was reached on 11/07/22, a 52-week low of $84.86 was recorded on 06/13/22. SMA at 50 days reached $106.71, while 200 days put it at $102.31. A total of 0.69 million shares were traded, compared to the trading of 1.97 million shares in the previous session.
Levels Of Support And Resistance For RJF Stock
The 24-hour chart illustrates a support level at 120.48, which if violated will result in even more drops to 119.47. On the upside, there is a resistance level at 122.07. A further resistance level may holdings at 122.65. The Relative Strength Index (RSI) on the 14-day chart is 71.39, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.60, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.53%. Stochastics %K at 96.02% indicates the stock is a selling.
How much short interest is there in Raymond James Financial Inc.?
A steep rise in short interest was recorded in Raymond James Financial Inc. stocks on Jul 14, 2022, growing by 0.79 million shares to a total of 2.53 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 1.74 million shares. There was a rise of 31.23%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.65% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.04.
Raymond James Financial Inc. [RJF] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 22,199,553 shares, or roughly 10.29% of the outstanding RJF shares. In other words, the investor’s shares have risen by 890,713 from its previous 13-F filing of 21308840.0. Additionally, PRIMECAP Management Co. increased 16.77% of its stake after which the total value it holdings stand at $1,342,925,952, while BlackRock Fund Advisors reduced -2.32% of its stake to hold $960.2 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -935,980 shares of Raymond James Financial Inc., while Wellington Management Co. LLP sold 188,109 shares. At present, Fidelity Management & Research Co is holding 4,653,586 shares valued at $459.87 million. Geode Capital Management LLC owned 3,866,611 shares of the company at the time of its most recent 13F filing, worth $382.1 million.
The most recent change occurred on July 21, 2021 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $150 price target.