Boston Partners decreased its stake in shares of Raymond James Financial, Inc. (NYSE:RJF) by 2.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,282,228 shares of the financial services provider’s stock after selling 155,495 shares during the period. Boston Partners’ holdings in Raymond James Financial were worth $423,740,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Raymond James Financial by 24.4% in the first quarter. Vanguard Group Inc. now owns 12,571,840 shares of the financial services provider’s stock valued at $958,728,000 after buying an additional 2,462,838 shares during the period. BlackRock Inc. increased its position in shares of Raymond James Financial by 3,818.6% in the first quarter. BlackRock Inc. now owns 8,358,285 shares of the financial services provider’s stock valued at $637,402,000 after buying an additional 8,144,989 shares during the period. State Street Corp increased its position in shares of Raymond James Financial by 44.2% in the first quarter. State Street Corp now owns 5,930,879 shares of the financial services provider’s stock valued at $452,297,000 after buying an additional 1,819,172 shares during the period. Wells Fargo & Company MN increased its position in shares of Raymond James Financial by 7.4% in the first quarter. Wells Fargo & Company MN now owns 2,556,283 shares of the financial services provider’s stock valued at $194,943,000 after buying an additional 175,601 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of Raymond James Financial by 6.0% in the first quarter. Prudential Financial Inc. now owns 1,559,596 shares of the financial services provider’s stock valued at $118,935,000 after buying an additional 88,017 shares during the period. 70.87% of the stock is owned by hedge funds and other institutional investors.

Raymond James Financial, Inc. (NYSE:RJF) opened at 81.92 on Thursday. The company has a 50-day moving average of $81.76 and a 200-day moving average of $77.49. The company has a market capitalization of $11.77 billion, a P/E ratio of 19.49 and a beta of 1.65. Raymond James Financial, Inc. has a 1-year low of $55.42 and a 1-year high of $85.97.

Raymond James Financial (NYSE:RJF) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.26 EPS for the quarter, beating the consensus estimate of $1.24 by $0.02. Raymond James Financial had a net margin of 9.78% and a return on equity of 13.57%. The business had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the previous year, the business posted $0.93 EPS. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. Equities analysts expect that Raymond James Financial, Inc. will post $5.07 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Monday, July 3rd were issued a $0.22 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $0.88 annualized dividend and a dividend yield of 1.07%. Raymond James Financial’s dividend payout ratio is currently 20.90%.

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RJF has been the subject of several recent analyst reports. Buckingham Research reaffirmed a “buy” rating and set a $94.00 price objective (up from $88.00) on shares of Raymond James Financial in a research note on Monday, July 10th. Nomura upped their price objective on shares of Raymond James Financial from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, July 13th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $85.00 price objective (up from $82.50) on shares of Raymond James Financial in a research note on Monday, June 12th. Instinet reaffirmed a “buy” rating and set a $90.00 price objective (up from $89.00) on shares of Raymond James Financial in a research note on Thursday, July 13th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $85.00 price objective on shares of Raymond James Financial in a research note on Wednesday, May 24th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Raymond James Financial presently has a consensus rating of “Buy” and a consensus target price of $87.50.

In other news, insider Bella Loykhter Allaire sold 4,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $82.83, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jonathan N. Santelli sold 1,880 shares of the business’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $73.30, for a total transaction of $137,804.00. Following the completion of the sale, the executive vice president now owns 3,000 shares of the company’s stock, valued at approximately $219,900. 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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