Raymond James financial chief admin officer sells $1.33 million shares

Bella Loykhter Allaire, Chief Admin Officer at Raymond James Financial Inc., sold 7,500 shares of common stock on August 28, 2026. The sale amounted to $1,331,981 and took place in multiple transactions with a weighted average price of $177.5975 per share. After the sale, Ms. Allaire still directly holds 46,086 shares and indirectly holds 1,300 shares through the company's Employee Stock Ownership Plan.

Raymond James stock is currently trading near its 52-week high of $182.73, with the shares priced at $178.17. The stock is considered undervalued, with an estimated Fair Value of $215.17. Raymond James has a strong market cap of $34.3 billion and delivered a 17% return over the past six months. The company recently reported its fiscal third-quarter 2026 results, surpassing expectations with adjusted earnings of $3.14 per share and revenue of $3.93 billion, a 16% increase year-over-year.

Analysts at Citizens raised their price target for Raymond James Financial to $205 from $200 and maintained a Market Outperform rating. The recent developments indicate potential for sustained earnings growth for the company.