Florida's 23rd congressional district representative, Jared Moskowitz, has been active in the stock market, making numerous transactions in various companies. These transactions have been reported in a recent congressional trade report, all of which occurred within an account managed by an independent financial manager.
Moskowitz made a significant sale of Raymond James Financial (NYSE:RJF), Inc. common stock (NYSE:RJF) in the range of $100,001 to $250,000. This sale was the largest transaction reported by Moskowitz. Other notable sales included Citigroup, Inc. common stock (NYSE:C) and Intel Corporation (NASDAQ:INTC) common stock (NASDAQ:INTC), both ranging from $15,001 to $50,000.
In terms of purchases, Moskowitz made a significant investment in W.W. Grainger, Inc. common stock (NYSE:GWW), with the transaction amount ranging from $15,001 to $50,000. Other stocks purchased include a wide range of companies such as A.O. Smith Corporation (NYSE:AOS), Accenture plc (NYSE:NYSE:ACN), Alphabet (NASDAQ:GOOGL) Inc. - Class C Capital Stock (NASDAQ:GOOG), and Amgen Inc (NASDAQ:AMGN). - Common Stock (NASDAQ:AMGN), among others. All these purchases were in the range of $1,001 to $15,000.
All transactions were part of the Morgan Stanley (NYSE:MS) Active Assets account, which is managed independently. As stated in the report, due to an administrative error, the report preparer did not have viewing access to this account online and did not receive transaction notifications during the covered period. The issue was discovered while preparing the CY 2023 financial disclosure report and was promptly rectified. Safeguards have since been implemented to ensure all future transactions are timely reported.
InvestingPro Insights
Amid the financial activities of Florida's 23rd congressional district representative, Jared Moskowitz, Raymond James Financial, Inc. (NYSE:RJF) was notably a significant sale in his portfolio. For investors looking at the broader picture of RJF, recent metrics and analyst insights from InvestingPro provide a deeper understanding of the company's financial health and future prospects.
With a market capitalization of $25.01 billion, RJF stands as a substantial player in the financial sector. The company's Price-to-Earnings (P/E) ratio, a key metric for valuation, is currently at 13.73, indicating a potentially favorable valuation compared to industry peers. Furthermore, the adjusted P/E ratio for the last twelve months as of Q3 2024 dips slightly to 12.37, which could signal an attractive entry point for long-term investors.
InvestingPro Tips highlight that RJF has maintained dividend payments for 40 consecutive years, showcasing a strong commitment to returning value to shareholders. Additionally, RJF's liquid assets surpass its short-term obligations, reflecting a stable financial position that could reassure investors of the company's ability to meet its immediate liabilities.
For those considering an investment in Raymond James Financial, Inc., it is noteworthy that analysts predict the company will be profitable this year, and it has been profitable over the last twelve months. This sustained profitability, coupled with a high return over the last decade and a strong return over the last five years, positions RJF as a potentially appealing choice for investors seeking steady performance.
Investors interested in further insights and detailed analysis can find additional InvestingPro Tips for RJF at https://www.investing.com/pro/RJF, where a total of 7 tips are available to guide investment decisions.
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