This Insider Has Just Sold Shares In Raymond James Financial, Inc. (NYSE:RJF)

We'd be surprised if Raymond James Financial, Inc. (NYSE:RJF) shareholders haven't noticed that an insider, George Catanese, recently sold US$398k worth of stock at US$114 per share. That sale was 23% of their holding, so it does make us raise an eyebrow.

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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 COO & Head of Asset Management Group, Jeffrey Dowdle, for US$2.1m worth of shares, at about US$113 per share. That means that even when the share price was slightly below the current price of US$113, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was only 24% of Jeffrey Dowdle's holding.

Raymond James Financial insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

I will like Raymond James Financial better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership Of Raymond James Financial

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Raymond James Financial insiders own 9.6% of the company, currently worth about US$2.4b based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Raymond James Financial Insider Transactions Indicate?

Insiders sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. On the plus side, Raymond James Financial makes money, and is growing profits. 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. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Raymond James Financial. In terms of investment risks, we've identified 2 warning signs with Raymond James Financial and understanding them should be part of your investment process.

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.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.