Northern Trust Corp lifted its position in shares of Raymond James (NYSE:RJF) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,495,150 shares of the financial services provider’s stock after purchasing an additional 24,761 shares during the period. Northern Trust Corp owned 1.08% of Raymond James worth $126,414,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in RJF. Parallel Advisors LLC grew its position in shares of Raymond James by 215.3% during the 1st quarter. Parallel Advisors LLC now owns 309 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 211 shares in the last quarter. Atlas Capital Advisors LLC acquired a new position in shares of Raymond James during the 2nd quarter worth approximately $31,000. Motco acquired a new position in shares of Raymond James during the 2nd quarter worth approximately $31,000. Bremer Bank National Association acquired a new position in shares of Raymond James during the 1st quarter worth approximately $38,000. Finally, FTB Advisors Inc. grew its position in shares of Raymond James by 944.3% during the 2nd quarter. FTB Advisors Inc. now owns 731 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 661 shares in the last quarter. Institutional investors own 70.85% of the company’s stock.

A number of research analysts have issued reports on RJF shares. ValuEngine lowered shares of Raymond James from a “hold” rating to a “sell” rating in a research report on Wednesday, June 19th. Citigroup set a $87.00 target price on shares of Raymond James and gave the stock a “hold” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $93.88.

Shares of Raymond James stock traded up $1.06 on Friday, reaching $87.47. 22,209 shares of the stock were exchanged, compared to its average volume of 781,143. The firm’s 50 day moving average is $78.55 and its 200-day moving average is $82.99. Raymond James has a one year low of $69.11 and a one year high of $96.76. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.11. The firm has a market cap of $11.70 billion, a PE ratio of 13.54 and a beta of 1.52.

Raymond James (NYSE:RJF) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.86 by ($0.06). The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. Raymond James had a return on equity of 16.12% and a net margin of 13.06%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the company posted $1.55 EPS. On average, equities research analysts expect that Raymond James will post 7.4 EPS for the current fiscal year.

In related news, CFO Jeffrey P. Julien sold 15,756 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $78.59, for a total value of $1,238,264.04. Following the completion of the transaction, the chief financial officer now owns 39,592 shares of the company’s stock, valued at approximately $3,111,535.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Jonathan N. Santelli sold 1,200 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $84.80, for a total transaction of $101,760.00. Following the completion of the transaction, the executive vice president now directly owns 1,078 shares of the company’s stock, valued at approximately $91,414.40. The disclosure for this sale can be found here. 10.74% of the stock is owned by corporate insiders.

Raymond James Company 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.

Read More: Cost of Capital Explained

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

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