Williams Jones & Associates LLC held its position in Raymond James Financial, Inc. (NYSE:RJF) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,625 shares of the financial services provider’s stock at the end of the second quarter. Williams Jones & Associates LLC’s holdings in Raymond James Financial were worth $291,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in 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 valued at $764,000 after acquiring an additional 37 shares during the last quarter. Sawtooth Solutions LLC grew its holdings in shares of Raymond James Financial by 2.1% during 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 during the last quarter. YorkBridge Wealth Partners LLC grew its holdings in shares of Raymond James Financial by 4.9% during 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 during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Raymond James Financial by 1.3% during 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 during the last quarter. Finally, SPC Financial Inc. grew its holdings in shares of Raymond James Financial by 1.3% during 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 during the last quarter. Hedge funds and other institutional investors own 70.02% of the company’s stock.

Shares of Raymond James Financial, Inc. (NYSE:RJF) opened at 86.27 on Friday. Raymond James Financial, Inc. has a 12-month low of $56.61 and a 12-month high of $87.22. The stock’s 50 day moving average price is $80.40 and its 200 day moving average price is $78.25. The company has a market capitalization of $12.40 billion, a PE ratio of 20.52 and a beta of 1.67.

Raymond James Financial (NYSE:RJF) last announced its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.02. The company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Raymond James Financial had a return on equity of 13.37% and a net margin of 9.78%. Raymond James Financial’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the firm posted $0.93 EPS. On average, equities research analysts forecast that Raymond James Financial, Inc. will post $5.08 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be issued a dividend of $0.22 per share. The ex-dividend date is Friday, September 29th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.02%. Raymond James Financial’s dividend payout ratio is 20.90%.

In related news, insider Bella Loykhter Allaire sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $82.83, for a total transaction of $331,320.00. Following the transaction, the insider now directly owns 37,513 shares in the company, valued at approximately $3,107,201.79. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Paul C. Reilly sold 33,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $83.17, for a total value of $2,744,610.00. Following the transaction, the chief executive officer now owns 128,980 shares in the company, valued at $10,727,266.60. The disclosure for this sale can be found here. Company insiders own 11.18% of the company’s stock.

Several analysts have recently weighed in on RJF shares. Wells Fargo & Company restated a “market perform” rating and set a $85.00 price target (up from $82.50) on shares of Raymond James Financial in a report on Monday, June 12th. Keefe, Bruyette & Woods restated a “hold” rating and set a $85.00 price target on shares of Raymond James Financial in a report on Monday, June 26th. BidaskClub upgraded Raymond James Financial from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 1st. Buckingham Research restated a “buy” rating and set a $94.00 price target (up from $88.00) on shares of Raymond James Financial in a report on Monday, July 10th. Finally, Nomura boosted their price target on Raymond James Financial from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $89.33.

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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.

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

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