Insider sale details
Raymond James Financial (NASDAQ: RJF) Chief Administrative Officer Allaire Bella Loykhter sold 29,551 shares of the company's common stock on March 19, 2026. The shares were sold at $142.34 each, producing a total transaction value of $4,206,289.
After completing the sale, Allaire directly holds 53,586 shares of Raymond James Financial stock. In addition to her direct holdings, she indirectly owns 1,292 shares through an Employee Stock Ownership Plan (ESOP) as of March 16, 2026.
Company valuation and market context
At the time of reporting, Raymond James shares were trading at $143.44. That share price corresponds to a market capitalization of $30.94 billion and a price-to-earnings ratio of 13.73. An InvestingPro analysis cited in company commentary positions the stock as trading below its Fair Value and lists the company among opportunities on a Most Undervalued list. The same source highlights the firm’s long track record of dividend distributions, noting 42 consecutive years of dividend payments.
Recent financial results and corporate moves
Raymond James reported its fiscal 2026 first-quarter results, where adjusted earnings per share came in at $2.86, narrowly topping the $2.83 analysts’ expectation. Revenue for the quarter was $3.74 billion, which missed the $3.81 billion analysts had forecast.
The firm also announced a leadership appointment: Kirk Bell will assume the role of president of the Independent Contractor Division effective April 1. Bell, who has been with Raymond James for nearly 26 years, will join both the Senior Leadership Team and the Private Client Group’s Executive Leadership Team.
Other industry developments cited
Separately, First Northern Bank’s wealth management arm, First Northern Advisors, completed an acquisition of Beacon Wealth Strategies. As part of that transaction, Tom Cicchini, the owner of Beacon Wealth Strategies, will become part of First Northern Advisors and will continue working with clients until his planned retirement in 2026.
The article also notes a broader market reaction that affected several financial firms: shares of Raymond James, Charles Schwab and Stifel Financial each experienced a roughly 7% decline amid a wider selloff in financial services stocks. That pullback followed an announcement by tech platform Altruist regarding a new AI-powered tax planning tool, an event that the article cites as having provoked concern within the industry.
What the transaction shows
The insider sale by the chief administrative officer is a discrete, recorded transaction that reduced her direct holdings while leaving a material remaining position. The sale coincides with the company publishing fiscal results that beat on EPS but missed on revenue, a leadership appointment effective next month, and industrywide stock movements tied to developments in financial technology and tax-planning tools.
Where precise motivations for the sale are not provided, the transaction and the accompanying corporate disclosures together present a snapshot of company activity and market dynamics at this point in Raymond James’ fiscal calendar.