Raymond James Financial (NYSE:RJF) Insider Tashtego Elwyn Sells 10,000 Shares of Stock

Raymond James Financial (NYSE:RJF) insider Tashtego Elwyn sold 10,000 shares of the company's stock for approximately $1.76 million, reducing their ownership by 18.14%. The sale comes after the company reported strong quarterly results, with EPS of $3.14 beating estimates and revenue increasing 15.6% year over year. Despite the insider selling, analysts maintain a "Hold" rating on the stock with an average price target of $179.64, and the company pays a quarterly dividend yielding about 1.2% annually.