Sei Investments Co. Has $8.85 Million Position in Raymond James Financial, Inc. (RJF)

Sei Investments Co. trimmed its stake in shares of Raymond James Financial, Inc. (NYSE:RJF) by 6.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,959 shares of the financial services provider’s stock after selling 6,929 shares during the period. Sei Investments Co. owned about 0.07% of Raymond James Financial worth $8,851,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of RJF. YorkBridge Wealth Partners LLC grew its holdings in Raymond James Financial by 4.9% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,413 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 66 shares during the period. Burt Wealth Advisors acquired a new stake in Raymond James Financial in the second quarter valued at approximately $150,000. Pacer Advisors Inc. grew its holdings in Raymond James Financial by 8.2% in the second quarter. Pacer Advisors Inc. now owns 2,714 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 206 shares during the period. FNY Partners Fund LP lifted its position in shares of Raymond James Financial by 3,103.0% in the second quarter. FNY Partners Fund LP now owns 3,003 shares of the financial services provider’s stock valued at $240,000 after acquiring an additional 3,103 shares in the last quarter. Finally, Sawtooth Solutions LLC lifted its position in shares of Raymond James Financial by 2.1% in the second quarter. Sawtooth Solutions LLC now owns 3,067 shares of the financial services provider’s stock valued at $246,000 after acquiring an additional 62 shares in the last quarter. 69.86% of the stock is currently owned by institutional investors.

In related news, SVP George Catanese sold 2,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $85.63, for a total transaction of $171,260.00. Following the completion of the transaction, the senior vice president now directly 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 the SEC website. Also, Chairman Thomas A. James sold 200,000 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $85.98, for a total value of $17,196,000.00. The disclosure for this sale can be found here. Insiders sold 280,812 shares of company stock valued at $24,145,735 over the last ninety days. Insiders own 11.18% of the company’s stock.

Several equities analysts have recently weighed in on the company. Credit Suisse Group assumed coverage on Raymond James Financial in a research report on Thursday, November 30th. They issued an “underperform” rating and a $82.00 target price on the stock. Keefe, Bruyette & Woods restated a “hold” rating and issued a $85.00 target price on shares of Raymond James Financial in a research report on Tuesday, October 3rd. Buckingham Research lifted their price objective on Raymond James Financial from $92.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Wells Fargo & Company upgraded Raymond James Financial from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $86.00 to $90.00 in a research report on Thursday, September 14th. Finally, Zacks Investment Research downgraded Raymond James Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. Raymond James Financial presently has an average rating of “Buy” and a consensus target price of $88.57.

Raymond James Financial, Inc. (NYSE RJF) traded up $0.74 during trading hours on Thursday, reaching $88.46. The company’s stock had a trading volume of 495,239 shares, compared to its average volume of 781,825. Raymond James Financial, Inc. has a 12 month low of $68.97 and a 12 month high of $91.29. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 1.14. The stock has a market capitalization of $12,753.45, a P/E ratio of 17.39, a P/E/G ratio of 0.88 and a beta of 1.71.

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

The company also recently disclosed 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 is Tuesday, January 2nd. This is a boost from Raymond James Financial’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.13%. Raymond James Financial’s payout ratio is presently 20.32%.

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Raymond James Financial 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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