Raymond James Financial, Inc. (RJF) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. boosted its holdings in Raymond James Financial, Inc. (NYSE:RJF) by 9.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 172,309 shares of the financial services provider’s stock after acquiring an additional 15,384 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.12% of Raymond James Financial worth $14,531,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of RJF. YorkBridge Wealth Partners LLC grew its holdings in Raymond James Financial by 4.9% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,413 shares of the financial services provider’s stock valued at $115,000 after buying an additional 66 shares in the last quarter. Burt Wealth Advisors acquired a new position in Raymond James Financial in the 2nd quarter valued at $150,000. Pacer Advisors Inc. grew its holdings in Raymond James Financial by 8.2% in the 2nd quarter. Pacer Advisors Inc. now owns 2,714 shares of the financial services provider’s stock valued at $218,000 after buying an additional 206 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Raymond James Financial in the 2nd quarter valued at $225,000. Finally, FNY Partners Fund LP grew its holdings in Raymond James Financial by 3,103.0% in the 2nd quarter. FNY Partners Fund LP now owns 3,003 shares of the financial services provider’s stock valued at $240,000 after buying an additional 3,103 shares in the last quarter. Institutional investors and hedge funds own 69.03% of the company’s stock.

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A number of research analysts have commented on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Raymond James Financial in a report on Tuesday, August 29th. BidaskClub lowered Raymond James Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 6th. Wells Fargo & Company raised Raymond James Financial from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $86.00 to $90.00 in a report on Thursday, September 14th. Zacks Investment Research raised Raymond James Financial from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Wednesday, August 30th. Finally, Buckingham Research increased their target price on Raymond James Financial from $92.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Raymond James Financial currently has a consensus rating of “Buy” and an average target price of $89.67.

Shares of Raymond James Financial, Inc. (NYSE:RJF) opened at $83.78 on Friday. The stock has a market capitalization of $12,080.07, a price-to-earnings ratio of 16.49, a PEG ratio of 0.84 and a beta of 1.71. Raymond James Financial, Inc. has a 1-year low of $68.97 and a 1-year high of $87.22. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.48.

Raymond James Financial (NYSE:RJF) last released its earnings results on Wednesday, October 25th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.15. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.67 billion. Raymond James Financial had a return on equity of 13.97% and a net margin of 9.75%. Raymond James Financial’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.28 EPS. research analysts anticipate that Raymond James Financial, Inc. will post 5.89 earnings per share for the current year.

About Raymond James Financial

Raymond James Financial, Inc (RJF) is a financial holding company. The Company’s subsidiaries include Raymond James & Associates, Inc (RJ&A), Raymond James Financial Services, Inc (RJFS), Raymond James Financial Services Advisors, Inc (RJFSA), Raymond James Ltd. (RJ Ltd.), Eagle Asset Management, Inc (Eagle), and Raymond James Bank, N.A.

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Institutional Ownership by Quarter for Raymond James Financial (NYSE:RJF)

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