Axa lowered its position in Raymond James Financial, Inc. (NYSE:RJF) by 74.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 15,400 shares of the financial services provider’s stock after selling 45,512 shares during the period. Axa’s holdings in Raymond James Financial were worth $1,235,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Burt Wealth Advisors acquired a new position in shares of Raymond James Financial in the 2nd quarter worth approximately $150,000. Global X Management Co. LLC lifted its position in shares of Raymond James Financial by 42.5% in the 1st quarter. Global X Management Co. LLC now owns 2,314 shares of the financial services provider’s stock worth $176,000 after purchasing an additional 690 shares during the period. Triangle Securities Wealth Management acquired a new position in shares of Raymond James Financial in the 2nd quarter worth approximately $206,000. Pacer Advisors Inc. lifted its position in shares of Raymond James Financial by 8.2% in the 2nd quarter. Pacer Advisors Inc. now owns 2,714 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 206 shares during the period. Finally, Fox Run Management L.L.C. acquired a new position in shares of Raymond James Financial in the 2nd quarter worth approximately $225,000. Hedge funds and other institutional investors own 70.02% of the company’s stock.

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Raymond James Financial, Inc. (NYSE RJF) opened at 82.91 on Friday. The company’s 50 day moving average is $79.30 and its 200-day moving average is $77.70. Raymond James Financial, Inc. has a 52-week low of $56.06 and a 52-week high of $85.97. The firm has a market cap of $11.92 billion, a P/E ratio of 19.72 and a beta of 1.66.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.06%. The ex-dividend date is Friday, September 29th. Raymond James Financial’s dividend payout ratio (DPR) is currently 20.90%.

A number of research analysts have recently issued reports on RJF shares. Buckingham Research restated a “buy” rating and issued a $94.00 price target (up previously from $88.00) on shares of Raymond James Financial in a research report on Monday, July 10th. Zacks Investment Research upgraded shares of Raymond James Financial from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research report on Wednesday, August 30th. BidaskClub upgraded shares of Raymond James Financial from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 1st. Wells Fargo & Company upgraded shares of Raymond James Financial from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $86.00 to $90.00 in a research report on Thursday, September 14th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $85.00 price target on shares of Raymond James Financial in a research report on Monday, June 26th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $89.33.

In related news, CEO Paul C. Reilly sold 33,000 shares of Raymond James Financial stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $83.17, for a total value of $2,744,610.00. Following the sale, the chief executive officer now owns 128,980 shares in the company, valued at $10,727,266.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bella Loykhter Allaire sold 4,000 shares of Raymond James Financial stock in a transaction on Monday, July 31st. The shares were sold at an average price of $82.83, for a total transaction of $331,320.00. Following the completion of the sale, the insider now owns 37,513 shares in the company, valued at approximately $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 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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