We wouldn't blame Raymond James Financial, Inc. (NYSE:RJF) shareholders if they were a little worried about the fact that Jeffrey Trocin, the Vice Chairman recently netted about US$1.5m selling shares at an average price of US$88.09. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 8.7%.
The Last 12 Months Of Insider Transactions At Raymond James Financial
Over the last year, we can see that the biggest insider sale was by the Chairman & CEO , Paul Reilly, for US$5.5m worth of shares, at about US$91.35 per share. That means that an insider was selling shares at around the current price of US$89.06. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
We note that in the last year insiders divested 161950 shares for a total of US$14m. In the last year Raymond James Financial insiders didn't buy any company stock. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
Does Raymond James Financial Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. It's great to see that Raymond James Financial insiders own 11% of the company, worth about US$1.3b. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At Raymond James Financial Tell Us?
Insiders haven't bought Raymond James Financial stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. But since Raymond James Financial is profitable and growing, we're not too worried by this. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Raymond James Financial.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.