Raymond James president Elwyn sells 10,000 shares worth $1.76 million By Investing.com

Tashtego S. Elwyn, President of PCG at RAYMOND JAMES FINANCIAL INC (), sold 10,000 shares of the company’s common stock on July 28, 2026. These transactions totaled approximately $1,760,552, with shares sold at prices ranging from $176.00 to $176.17 per share. The weighted average sale price for these transactions was $176.0552. The sale came as the stock trades near its 52-week high of $178.28, with shares currently valued at $175.25.

Following these sales, Mr. Elwyn directly holds 45,114 shares of Raymond James Financial common stock. The financial services firm, with a market capitalization of $33.67 billion and trading at a P/E ratio of 15.31, appears undervalued according to InvestingPro analysis. Additionally, he indirectly holds 7,602 shares through an Employee Stock Ownership Plan (ESOP) account. Mr. Elwyn also indirectly holds 75 shares as custodian for a daughter and 75 shares as custodian for a son, though he disclaims beneficial ownership of these particular securities.

In other recent news, Raymond James Financial reported its fiscal third-quarter 2026 results, surpassing Wall Street expectations. The company achieved adjusted earnings of $3.14 per share, exceeding the consensus estimate of $2.94. Revenue for the quarter was $3.93 billion, marking a 16% increase from the previous year and also surpassing forecasts. Despite these strong results, the company’s stock experienced a slight decline in after-hours trading. Additionally, Citizens raised its price target for Raymond James Financial to $205 from $200, maintaining a Market Outperform rating. The firm highlighted strong wealth momentum and robust advisor recruiting as key drivers for sustained management-fee growth. These developments underscore Raymond James Financial’s multiple avenues for earnings growth and recurring revenue visibility.

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