Raymond James Financial, Inc. (NYSE:RJF) Position Lifted by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. increased its stake in shares of Raymond James Financial, Inc. (NYSE:RJF) by 9.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 172,309 shares of the financial services provider’s stock after acquiring an additional 15,384 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.12% of Raymond James Financial worth $14,531,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in shares of Raymond James Financial by 1,611.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,252 shares of the financial services provider’s stock worth $261,000 after acquiring an additional 3,062 shares during the last quarter. Greenwood Capital Associates LLC bought a new position in Raymond James Financial during the second quarter valued at $300,000. Principal Financial Group Inc. lifted its position in Raymond James Financial by 16.1% during the second quarter. Principal Financial Group Inc. now owns 360,741 shares of the financial services provider’s stock valued at $28,938,000 after purchasing an additional 50,132 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Raymond James Financial by 489.1% during the second quarter. Ameriprise Financial Inc. now owns 471,784 shares of the financial services provider’s stock valued at $38,146,000 after purchasing an additional 391,701 shares during the last quarter. Finally, Toronto Dominion Bank lifted its position in Raymond James Financial by 25.9% during the second quarter. Toronto Dominion Bank now owns 43,436 shares of the financial services provider’s stock valued at $3,484,000 after purchasing an additional 8,929 shares during the last quarter. Hedge funds and other institutional investors own 69.86% of the company’s stock.

Several equities analysts have commented on RJF shares. Zacks Investment Research upgraded shares of Raymond James Financial from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Wednesday, August 30th. Wells Fargo & Company upgraded shares of Raymond James Financial from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $86.00 to $90.00 in a research report on Thursday, September 14th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $85.00 price objective on shares of Raymond James Financial in a research report on Tuesday, October 3rd. BidaskClub lowered shares of Raymond James Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 6th. Finally, Credit Suisse Group started coverage on shares of Raymond James Financial in a research report on Thursday. They set an “underperform” rating and a $82.00 price objective for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. Raymond James Financial has a consensus rating of “Buy” and an average price target of $88.57.

In related news, SVP George Catanese sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $85.63, for a total value of $171,260.00. Following the transaction, the senior vice president now owns 6,678 shares of the company’s stock, valued at approximately $571,837.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Francis S. Godbold sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $85.51, for a total transaction of $3,847,950.00. The disclosure for this sale can be found here. In the last three months, insiders sold 280,812 shares of company stock worth $24,145,735. Insiders own 11.18% of the company’s stock.

Shares of Raymond James Financial, Inc. (RJF) traded up $1.87 on Monday, hitting $90.11. 1,137,599 shares of the stock traded hands, compared to its average volume of 784,497. Raymond James Financial, Inc. has a 1-year low of $68.97 and a 1-year high of $91.29. The stock has a market capitalization of $12,741.90, a P/E ratio of 17.37, a P/E/G ratio of 0.88 and a beta of 1.71. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.60.

Raymond James Financial (NYSE:RJF) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $1.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.15. Raymond James Financial had a net margin of 9.75% and a return on equity of 13.75%. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the firm posted $1.28 earnings per share. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. sell-side analysts forecast that Raymond James Financial, Inc. will post 5.89 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Wednesday, January 3rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.11%. This is an increase from Raymond James Financial’s previous quarterly dividend of $0.22. Raymond James Financial’s dividend payout ratio is currently 20.32%.

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Raymond James Financial Company Profile

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.

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

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