South Street Advisors LLC lessened its holdings in Raymond James Financial (NYSE:RJF) by 3.0% in the 4th quarter, HoldingsChannel reports. The firm owned 155,320 shares of the financial services provider’s stock after selling 4,870 shares during the quarter. Raymond James Financial comprises about 4.2% of South Street Advisors LLC’s holdings, making the stock its 7th biggest position. South Street Advisors LLC’s holdings in Raymond James Financial were worth $13,870,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of Raymond James Financial by 4.7% in the 4th quarter. BlackRock Inc. now owns 8,483,302 shares of the financial services provider’s stock valued at $757,558,000 after purchasing an additional 383,937 shares in the last quarter. Boston Partners increased its stake in shares of Raymond James Financial by 3.0% in the 4th quarter. Boston Partners now owns 5,473,707 shares of the financial services provider’s stock valued at $488,802,000 after purchasing an additional 160,998 shares in the last quarter. Viking Global Investors LP increased its stake in Raymond James Financial by 48.7% during the 4th quarter. Viking Global Investors LP now owns 4,760,050 shares of the financial services provider’s stock worth $425,072,000 after buying an additional 1,559,315 shares in the last quarter. Wells Fargo & Company MN increased its stake in Raymond James Financial by 21.0% during the 4th quarter. Wells Fargo & Company MN now owns 4,002,228 shares of the financial services provider’s stock worth $357,398,000 after buying an additional 693,916 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Raymond James Financial by 6.2% during the 4th quarter. Geode Capital Management LLC now owns 1,403,346 shares of the financial services provider’s stock worth $125,070,000 after buying an additional 81,579 shares in the last quarter. Hedge funds and other institutional investors own 70.93% of the company’s stock.

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Several equities research analysts have commented on RJF shares. ValuEngine upgraded Raymond James Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Buckingham Research boosted their price objective on Raymond James Financial from $113.00 to $117.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Credit Suisse Group reiterated a “hold” rating and set a $82.00 price objective on shares of Raymond James Financial in a research note on Wednesday, January 3rd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $102.00 price objective on shares of Raymond James Financial in a research note on Thursday, January 25th. Finally, Zacks Investment Research lowered Raymond James Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Raymond James Financial has an average rating of “Buy” and an average price target of $95.29.

In other news, insider Paul D. Allison sold 6,600 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $96.65, for a total transaction of $637,890.00. Following the transaction, the insider now directly owns 21,142 shares in the company, valued at approximately $2,043,374.30. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Jennifer C. Ackart sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $91.00, for a total value of $455,000.00. Following the transaction, the senior vice president now owns 7,028 shares in the company, valued at $639,548. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,878 shares of company stock worth $3,774,080. Insiders own 10.46% of the company’s stock.

Raymond James Financial stock traded down $0.38 during trading hours on Monday, reaching $97.19. The company’s stock had a trading volume of 37,131 shares, compared to its average volume of 927,142. Raymond James Financial has a 52 week low of $71.35 and a 52 week high of $99.26. The company has a current ratio of 1.14, a quick ratio of 1.12 and a debt-to-equity ratio of 0.53. The stock has a market cap of $14,207.66, a price-to-earnings ratio of 17.36, a P/E/G ratio of 0.83 and a beta of 1.61.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, March 29th. Raymond James Financial’s dividend payout ratio is currently 24.27%.

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Raymond James Financial Profile

Raymond James Financial, Inc, a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments.

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

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