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

Raymond James Financial Services Advisors Inc. raised its stake in shares of Raymond James Financial, Inc. (NYSE:RJF) by 14.5% in the 4th quarter, Holdings Channel reports. The firm owned 197,323 shares of the financial services provider’s stock after purchasing an additional 25,014 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Raymond James Financial were worth $17,621,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Cerebellum GP LLC bought a new stake in Raymond James Financial during the fourth quarter valued at approximately $129,000. Claraphi Advisory Network LLC bought a new stake in Raymond James Financial during the fourth quarter valued at approximately $202,000. Squar Milner Financial Services LLC bought a new stake in Raymond James Financial during the fourth quarter valued at approximately $205,000. Noesis Capital Mangement Corp bought a new stake in Raymond James Financial during the third quarter valued at approximately $210,000. Finally, Advisor Partners LLC bought a new stake in Raymond James Financial during the fourth quarter valued at approximately $218,000. Institutional investors and hedge funds own 68.35% of the company’s stock.

In related news, Chairman Thomas A. James sold 200,000 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $85.98, for a total transaction of $17,196,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP George Catanese sold 506 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $88.29, for a total transaction of $44,674.74. Following the sale, the senior vice president now owns 5,884 shares of the company’s stock, valued at $519,498.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 330,479 shares of company stock valued at $28,616,533. Company insiders own 10.46% of the company’s stock.

Shares of Raymond James Financial, Inc. (NYSE:RJF) opened at $92.56 on Monday. The firm has a market cap of $13,478.13, a P/E ratio of 16.47, a PEG ratio of 0.79 and a beta of 1.63. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 0.53. Raymond James Financial, Inc. has a 1-year low of $71.35 and a 1-year high of $99.10.

Raymond James Financial (NYSE:RJF) last announced its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $1.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.19. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.73 billion. Raymond James Financial had a net margin of 9.00% and a return on equity of 14.87%. The business’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.07 EPS. research analysts predict that Raymond James Financial, Inc. will post 6.89 earnings per share for the current year.

Several equities research analysts have issued reports on RJF shares. Buckingham Research lifted their target price on shares of Raymond James Financial from $92.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Credit Suisse Group reiterated a “hold” rating and set a $99.00 target price on shares of Raymond James Financial in a research report on Friday, January 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $102.00 target price on shares of Raymond James Financial in a research report on Thursday, January 25th. Finally, Wells Fargo & Co restated an “outperform” rating and issued a $110.00 price objective (up from $94.00) on shares of Raymond James Financial in a report on Thursday, January 4th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Raymond James Financial has an average rating of “Buy” and a consensus price target of $99.29.

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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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