Key insights
- Raymond James' Chief Administrative Officer sold $4.2M in stock. The stock is considered undervalued, with a solid dividend history. Recent earnings beat EPS estimates but missed on revenue. The stock experienced a 7% drop amid a broader financial services selloff. Overall, the insider selling and revenue miss slightly outweigh the positive valuation, suggesting a mildly bearish signal.
Raymond James Financial (NASDAQ:RJF) Chief Administrative Officer Allaire Bella Loykhter sold 29,551 shares of common stock on March 19, 2026, at a price of $142.34, for a total transaction value of $4,206,289.
Following the transaction, Allaire directly owns 53,586 shares of Raymond James Financial.The sale comes as RJF stock trades at $143.44, giving the financial services firm a market cap of $30.94 billion with a P/E ratio of 13.73. According to InvestingPro analysis, the stock appears undervalued relative to its Fair Value, placing it among opportunities on the Most Undervalued list. An InvestingPro tip highlights that Raymond James has maintained dividend payments for 42 consecutive years, demonstrating financial stability.
Allaire also indirectly owns 1,292 shares of common stock through an Employee Stock Ownership Plan (ESOP) as of March 16, 2026.
In other recent news, Raymond James Financial reported its first-quarter earnings for fiscal 2026, slightly exceeding earnings per share (EPS) expectations but missing revenue forecasts. The company posted an adjusted EPS of $2.86, surpassing the anticipated $2.83, while revenues reached $3.74 billion, falling short of the expected $3.81 billion. Additionally, Raymond James announced the appointment of Kirk Bell as president of its Independent Contractor Division, effective April 1. Bell, who has been with the firm for nearly 26 years, will join the Senior Leadership Team and the Private Client Group’s Executive Leadership Team.
In other developments, First Northern Bank’s division, First Northern Advisors, acquired Beacon Wealth Strategies. As part of the acquisition, Tom Cicchini, the owner of Beacon Wealth Strategies, will join First Northern Advisors and work with clients until his planned retirement in 2026. Meanwhile, Raymond James Financial, along with Charles Schwab and Stifel Financial, experienced a 7% drop in stock value amid a broader selloff in financial services stocks. This decline followed the announcement by tech platform Altruist of a new AI-powered tax planning tool, which has sparked concerns in the industry.
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