Public Employees Retirement Association of Colorado boosted its stake in Raymond James Financial, Inc. (NYSE:RJF) by 0.1% during the second quarter, Holdings Channel reports. The fund owned 25,760 shares of the financial services provider’s stock after buying an additional 35 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Raymond James Financial were worth $2,066,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Independent Portfolio Consultants Inc. raised its position in Raymond James Financial by 2.3% in the first quarter. Independent Portfolio Consultants Inc. now owns 1,805 shares of the financial services provider’s stock valued at $138,000 after buying an additional 40 shares during the last quarter. YorkBridge Wealth Partners LLC raised its position in Raymond James Financial by 4.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,347 shares of the financial services provider’s stock valued at $102,000 after buying an additional 52 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Raymond James Financial by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 8,000 shares of the financial services provider’s stock valued at $642,000 after buying an additional 100 shares during the last quarter. SPC Financial Inc. raised its position in Raymond James Financial by 1.3% in the second quarter. SPC Financial Inc. now owns 8,100 shares of the financial services provider’s stock valued at $650,000 after buying an additional 100 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in Raymond James Financial by 0.6% in the first quarter. ProShare Advisors LLC now owns 29,433 shares of the financial services provider’s stock valued at $2,245,000 after buying an additional 173 shares during the last quarter. 70.87% of the stock is owned by institutional investors.

Shares of Raymond James Financial, Inc. (RJF) opened at 81.92 on Thursday. The company has a market capitalization of $11.77 billion, a P/E ratio of 19.49 and a beta of 1.65. Raymond James Financial, Inc. has a 52-week low of $55.42 and a 52-week high of $85.97. The stock’s 50 day moving average price is $81.76 and its 200 day moving average price is $77.49.

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

The company also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Monday, July 3rd were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Thursday, June 29th. Raymond James Financial’s dividend payout ratio (DPR) is 20.90%.

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Several research firms have commented on RJF. Instinet dropped their price objective 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 reaffirmed a “hold” rating and set a $85.00 price objective on shares of Raymond James Financial in a research note on Wednesday, May 24th. Buckingham Research reaffirmed a “buy” rating and set a $94.00 price objective (up from $88.00) on shares of Raymond James Financial in a research note on Monday, July 10th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $85.00 price objective (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 company. The stock currently has an average rating of “Buy” and a consensus price target of $87.50.

In related news, EVP Jonathan N. Santelli sold 1,880 shares of the firm’s stock in a transaction dated 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 directly owns 3,000 shares in the company, valued at approximately $219,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bella Loykhter Allaire sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $82.83, for a total value of $331,320.00. Following the transaction, the insider now owns 37,513 shares of the company’s stock, valued at $3,107,201.79. The disclosure for this sale can be found here. Company insiders own 11.18% of the company’s stock.

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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