Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Raymond James Financial, Inc. (NYSE:RJF) by 3.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,165 shares of the financial services provider’s stock after buying an additional 643 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Raymond James Financial were worth $1,616,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of RJF. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Raymond James Financial by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,523 shares of the financial services provider’s stock worth $764,000 after purchasing an additional 37 shares in the last quarter. Sawtooth Solutions LLC lifted its position in shares of Raymond James Financial by 2.1% in the second quarter. Sawtooth Solutions LLC now owns 3,067 shares of the financial services provider’s stock worth $246,000 after purchasing an additional 62 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its position in shares of Raymond James Financial by 4.9% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,413 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 66 shares in the last quarter. SPC Financial Inc. lifted its position in shares of Raymond James Financial by 1.3% in the second quarter. SPC Financial Inc. now owns 8,100 shares of the financial services provider’s stock worth $650,000 after purchasing an additional 100 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of Raymond James Financial by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 8,000 shares of the financial services provider’s stock worth $642,000 after purchasing an additional 100 shares in the last quarter. 69.03% of the stock is owned by institutional investors.

RJF has been the subject of a number of research analyst reports. Buckingham Research increased their price target on shares of Raymond James Financial from $92.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Zacks Investment Research lowered shares of Raymond James Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $85.00 price target on shares of Raymond James Financial in a research report on Tuesday, October 3rd. BidaskClub lowered shares of Raymond James Financial from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Wells Fargo & Company upgraded Raymond James Financial from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $86.00 to $90.00 in a report on Thursday, September 14th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $89.67.

Raymond James Financial, Inc. (NYSE:RJF) opened at $83.37 on Tuesday. Raymond James Financial, Inc. has a twelve month low of $68.20 and a twelve month high of $87.22. The company has a market capitalization of $12,046.88, a P/E ratio of 16.45, a P/E/G ratio of 0.84 and a beta of 1.71. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 0.48.

Raymond James Financial (NYSE:RJF) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.15. Raymond James Financial had a return on equity of 13.97% and a net margin of 9.75%. The firm had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the company posted $1.28 earnings per share. The firm’s revenue was up 15.8% on a year-over-year basis. analysts expect that Raymond James Financial, Inc. will post 5.89 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Monday, October 2nd were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 29th. This represents a $0.88 annualized dividend and a yield of 1.06%. Raymond James Financial’s dividend payout ratio (DPR) is presently 20.32%.

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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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