BB&T Securities LLC increased its position in Raymond James Financial, Inc. (NYSE:RJF) by 10.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,097 shares of the financial services provider’s stock after acquiring an additional 881 shares during the quarter. BB&T Securities LLC’s holdings in Raymond James Financial were worth $767,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Raymond James Financial by 2.5% in the second quarter. Vanguard Group Inc. now owns 12,891,297 shares of the financial services provider’s stock valued at $1,034,139,000 after acquiring an additional 319,457 shares during the period. Boston Partners boosted its position in shares of Raymond James Financial by 0.6% in the third quarter. Boston Partners now owns 5,312,709 shares of the financial services provider’s stock valued at $448,021,000 after acquiring an additional 30,481 shares during the period. Wells Fargo & Company MN boosted its position in shares of Raymond James Financial by 3.4% in the third quarter. Wells Fargo & Company MN now owns 3,308,312 shares of the financial services provider’s stock valued at $278,990,000 after acquiring an additional 109,555 shares during the period. Northern Trust Corp lifted its position in Raymond James Financial by 0.7% during the second quarter. Northern Trust Corp now owns 1,461,795 shares of the financial services provider’s stock valued at $117,266,000 after purchasing an additional 10,794 shares during the last quarter. Finally, BT Investment Management Ltd lifted its position in Raymond James Financial by 0.7% during the third quarter. BT Investment Management Ltd now owns 1,240,326 shares of the financial services provider’s stock valued at $104,597,000 after purchasing an additional 9,053 shares during the last quarter. Institutional investors own 69.86% of the company’s stock.

RJF has been the subject of several research analyst reports. Buckingham Research lifted their target price on shares of Raymond James Financial from $92.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Wells Fargo & Company upgraded shares of Raymond James Financial from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $86.00 to $90.00 in a research report on Thursday, September 14th. Zacks Investment Research upgraded shares of Raymond James Financial from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research report on Wednesday, August 30th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $85.00 target price on shares of Raymond James Financial in a research report on Tuesday, October 3rd. Finally, Credit Suisse Group initiated coverage on shares of Raymond James Financial in a research report on Thursday, November 30th. They set an “underperform” rating and a $82.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $88.57.

In other Raymond James Financial news, SVP Jennifer C. Ackart sold 3,000 shares of Raymond James Financial stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $89.23, for a total transaction of $267,690.00. Following the transaction, the senior vice president now directly owns 12,409 shares of the company’s stock, valued at $1,107,255.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Francis S. Godbold sold 45,000 shares of Raymond James Financial stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $85.51, for a total transaction of $3,847,950.00. The disclosure for this sale can be found here. Insiders have sold 280,812 shares of company stock worth $24,145,735 over the last three months. Insiders own 11.18% of the company’s stock.

Shares of Raymond James Financial, Inc. (NYSE:RJF) traded up $1.03 during trading on Friday, reaching $89.49. 468,643 shares of the company’s stock traded hands, compared to its average volume of 681,457. Raymond James Financial, Inc. has a twelve month low of $68.97 and a twelve month high of $91.29. The company has a market capitalization of $12,922.36, a price-to-earnings ratio of 17.62, a PEG ratio of 0.89 and a beta of 1.71. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.60.

Raymond James Financial (NYSE:RJF) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.47 EPS for the quarter, topping the consensus estimate of $1.32 by $0.15. The firm had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.67 billion. Raymond James Financial had a net margin of 9.75% and a return on equity of 13.75%. The business’s revenue was up 15.8% compared to the same quarter last year. During the same period last year, the firm posted $1.28 earnings per share. analysts anticipate that Raymond James Financial, Inc. will post 5.89 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Wednesday, January 3rd will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, January 2nd. This is an increase from Raymond James Financial’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a dividend yield of 1.12%. Raymond James Financial’s dividend payout ratio (DPR) is 20.32%.

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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.

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

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