Endurance Wealth Management Inc. held its stake in Raymond James Financial, Inc. (NYSE:RJF) during the second quarter, Holdings Channel reports. The firm owned 1,900 shares of the financial services provider’s stock at the end of the second quarter. Endurance Wealth Management Inc.’s holdings in Raymond James Financial were worth $152,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new stake in Raymond James Financial during the first quarter worth $323,000. Sanders Morris Harris Inc. bought a new stake in shares of Raymond James Financial during the first quarter worth approximately $305,000. Hartford Investment Management Co. bought a new stake in shares of Raymond James Financial during the first quarter worth approximately $2,216,000. Boston Advisors LLC raised its stake in shares of Raymond James Financial by 19.5% in the first quarter. Boston Advisors LLC now owns 76,216 shares of the financial services provider’s stock worth $5,812,000 after buying an additional 12,428 shares in the last quarter. Finally, Gateway Investment Advisers LLC bought a new stake in shares of Raymond James Financial during the first quarter worth approximately $759,000. Institutional investors and hedge funds own 70.87% of the company’s stock.

Shares of Raymond James Financial, Inc. (RJF) opened at 82.88 on Wednesday. The company has a market capitalization of $11.91 billion, a price-to-earnings ratio of 19.72 and a beta of 1.65. The stock has a 50 day moving average of $81.42 and a 200-day moving average of $77.23. Raymond James Financial, Inc. has a 52 week low of $55.42 and a 52 week high of $85.97.

Raymond James Financial (NYSE:RJF) last announced its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.02. The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.61 billion. Raymond James Financial had a net margin of 9.78% and a return on equity of 13.57%. Raymond James Financial’s revenue was up 19.5% on a year-over-year basis. During the same period last year, the firm posted $0.93 EPS. On average, analysts anticipate that Raymond James Financial, Inc. will post $5.07 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Monday, July 3rd were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Thursday, June 29th. Raymond James Financial’s payout ratio is currently 20.90%.

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A number of brokerages have recently commented on RJF. Instinet reduced their price target on shares of Raymond James Financial to $89.00 and set a “buy” rating for the company in a research note on Thursday, May 25th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $85.00 price target on shares of Raymond James Financial in a research note on Wednesday, May 24th. Buckingham Research reiterated a “buy” rating and issued a $94.00 price target (up from $88.00) on shares of Raymond James Financial in a research note on Monday, July 10th. Wells Fargo & Company reiterated a “market perform” rating and issued a $85.00 price target (up from $82.50) on shares of Raymond James Financial in a research note on Monday, June 12th. Finally, BidaskClub lowered shares of Raymond James Financial from a “buy” rating to a “hold” rating in a research note on Sunday. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Raymond James Financial currently has a consensus rating of “Buy” and an average price target of $87.50.

In related news, insider Bella Loykhter Allaire sold 4,000 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $82.83, for a total value of $331,320.00. Following the completion of the transaction, the insider now directly owns 37,513 shares of the company’s stock, valued at approximately $3,107,201.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jonathan N. Santelli sold 1,880 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $73.30, for a total transaction of $137,804.00. Following the completion of the transaction, the executive vice president now owns 3,000 shares in the company, valued at approximately $219,900. The disclosure for this sale can be found here. Company insiders own 11.18% of the company’s stock.

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.

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

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