On Tuesday, Raymond James Financial, Inc. (NYSE:RJF) saw its Chief Financial Officer and Executive Vice President of Finance, Jeffrey Julien, unload 10,000 shares of Common Stock, directly, for a weighted average price of $51.72 per share. Following the insider’s first stock disposition of the fiscal year, he now owns a total of 30,061 company holdings.
Insider trading hasn’t been very frequent at the $7.36 billion market cap financial holding firm this year, although its Chief Executive Officer, Dennis Zank, disposed of 11,148 shares of Common Stock for a price of $50.42 per share in February.
However, in terms of hedge fund shareholders, the last quarter showed solid developments. Ken Griffin’s Citadel Investment Group, which is one of the largest shareholders at Raymond James, increased its stakes in the firm by 19% during Q1, boosting the hedge funds shares to over 1.11 million, with an estimated value of $62.3 million. Chuck Royce’s Royce & Associates also augmented the company’s portfolio participation by 3% in March and now owns 432,425 shares, worth approximately $24.1 million.