Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

5K characters. Original on sec.gov · Markdown

Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Our common stock is traded on the NYSE under the symbol “RJF.” As of November 25, 2019, we had 335 holders of record of our common stock. Shares of our common stock are held by a substantially greater number of beneficial owners, whose shares are held of record by banks, brokers, and other financial institutions.

RAYMOND JAMES FINANCIAL, INC. AND SUBSIDIARIES

See Note 22 of the Notes to Consolidated Financial Statements of this Form 10-K for information regarding our intentions for paying cash dividends and the related capital restrictions.

Information related to our compensation plans under which equity securities are authorized for issuance is presented in Note 21 of the Notes to Consolidated Financial Statements and Part III, Item 12 of this Form 10-K.

We did not have any sales of unregistered securities for the years ended September 30, 2019, 2018 or 2017.

We purchase our own stock from time to time in conjunction with a number of activities, each of which is described in the following paragraphs. The following table presents information on our purchases of our own stock, on a monthly basis, for the twelve months ended September 30, 2019.

Total number of shares purchasedAverage price per shareNumber of shares purchased as part of publicly announced plans or programsApproximate dollar value (in millions) at each month-end, of securities that may yet be purchased under the plans or programs
October 1, 2018 – October 31, 2018469,566$74.88423,903$182
November 1, 2018 – November 30, 20182,420,562$77.662,341,466$500
December 1, 2018 – December 31, 20183,449,198$74.553,287,237$255
First quarter6,339,326$75.766,052,606
January 1, 2019 – January 31, 201913,408$75.16—$255
February 1, 2019 – February 28, 20194,050$82.54—$255
March 1, 2019 – March 31, 2019603,529$78.23602,938$458
Second quarter620,987$78.19602,938
April 1, 2019 – April 30, 201922,241$81.07—$458
May 1, 2019 – May 31, 2019302,699$83.53301,756$433
June 1, 2019 – June 30, 2019744,251$80.95742,076$373
Third quarter1,069,191$81.681,043,832
July 1, 2019 – July 31, 2019267$83.02—$373
August 1, 2019 – August 31, 20192,129,923$75.752,127,461$750
September 1, 2019 – September 30, 2019—$——$750
Fourth quarter2,130,190$75.752,127,461
Fiscal year total10,159,694$76.539,826,837

During the year ended September 30, 2019, we utilized the remainder of the previous Board of Directors’ (“Board”) authorization for repurchases of our common stock and outstanding senior notes. Accordingly, the Board approved two increases to the authorization totaling $750 million, including $500 million in November 2018 and $250 million in March 2019. In August 2019, the Board authorized the repurchase of our common stock in aggregate of up to $750 million, replacing the previous authorization. As of November 25, 2019, we had $750 million remaining under this authorization.

In the preceding table, the total number of shares purchased includes shares purchased pursuant to the Restricted Stock Trust Fund, which was established to acquire our common stock in the open market and used to settle restricted stock units (“RSUs”) granted as a retention vehicle for certain employees of our wholly-owned Canadian subsidiaries. For more information on this trust fund, see Note 2 and Note 9 of the Notes to Consolidated Financial Statements of this Form 10-K. These activities do not utilize the previously described repurchase authorization.

The total number of shares purchased also includes shares repurchased as a result of employees surrendering shares as payment for option exercises or withholding taxes. These activities do not utilize the previously described repurchase authorization.

RAYMOND JAMES FINANCIAL, INC. AND SUBSIDIARIES

Previous: Item 4. MINE SAFETY DISCLOSURES · Next: Item 6. SELECTED FINANCIAL DATA