Norinchukin Bank The lifted its position in Raymond James Financial, Inc. (NYSE:RJF) by 12.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,061 shares of the financial services provider’s stock after purchasing an additional 567 shares during the quarter. Norinchukin Bank The’s holdings in Raymond James Financial were worth $406,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE raised its stake in Raymond James Financial by 13.2% during the 1st quarter. Bank of America Corp DE now owns 898,931 shares of the financial services provider’s stock valued at $68,554,000 after acquiring an additional 105,145 shares during the last quarter. Bank of Nova Scotia purchased a new stake in Raymond James Financial during the 1st quarter valued at approximately $2,243,000. Greenwood Capital Associates LLC purchased a new stake in Raymond James Financial during the 2nd quarter valued at approximately $300,000. Alliancebernstein L.P. raised its stake in Raymond James Financial by 132.5% during the 1st quarter. Alliancebernstein L.P. now owns 240,437 shares of the financial services provider’s stock valued at $18,336,000 after acquiring an additional 137,022 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Raymond James Financial during the 1st quarter valued at approximately $3,614,000. 70.02% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Paul C. Reilly sold 33,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $83.17, for a total transaction of $2,744,610.00. Following the completion of the transaction, the chief executive officer now directly owns 128,980 shares in the company, valued at $10,727,266.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bella Loykhter Allaire sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was 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. Insiders own 11.18% of the company’s stock.

Raymond James Financial, Inc. (NYSE RJF) opened at 82.74 on Friday. Raymond James Financial, Inc. has a 52 week low of $56.06 and a 52 week high of $85.97. The stock’s 50 day moving average price is $79.30 and its 200-day moving average price is $77.70. The stock has a market capitalization of $11.89 billion, a P/E ratio of 19.68 and a beta of 1.66.

Raymond James Financial (NYSE:RJF) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $1.26 EPS for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.02. Raymond James Financial had a return on equity of 13.37% and a net margin of 9.78%. The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. Raymond James Financial’s quarterly revenue was up 19.5% compared to the same quarter last year. Equities research analysts expect that Raymond James Financial, Inc. will post $5.07 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.22 per share. The ex-dividend date is Friday, September 29th. This represents a $0.88 annualized dividend and a dividend yield of 1.07%. Raymond James Financial’s dividend payout ratio is presently 20.90%.

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Several analysts have commented on the company. Wells Fargo & Company raised Raymond James Financial from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $86.00 to $90.00 in a research note on Thursday, September 14th. Zacks Investment Research raised Raymond James Financial from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research note on Wednesday, August 30th. 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 Tuesday, August 29th. BidaskClub downgraded Raymond James Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 6th. Finally, Instinet reaffirmed a “buy” rating and set a $90.00 price objective (up from $89.00) on shares of Raymond James Financial in a research note on Thursday, July 13th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $89.33.

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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