New York State Teachers Retirement System raised its position in Raymond James Financial, Inc. (NYSE:RJF) by 4.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 186,830 shares of the financial services provider’s stock after acquiring an additional 8,209 shares during the period. New York State Teachers Retirement System owned about 0.13% of Raymond James Financial worth $15,755,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RJF. BT Investment Management Ltd bought a new stake in Raymond James Financial in the 2nd quarter valued at approximately $98,773,000. Janus Henderson Group PLC lifted its stake in Raymond James Financial by 188.1% in the 2nd quarter. Janus Henderson Group PLC now owns 1,206,006 shares of the financial services provider’s stock valued at $96,746,000 after acquiring an additional 787,396 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Raymond James Financial by 25.1% in the 2nd quarter. Wells Fargo & Company MN now owns 3,198,757 shares of the financial services provider’s stock valued at $256,605,000 after acquiring an additional 642,474 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Raymond James Financial by 489.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 471,784 shares of the financial services provider’s stock valued at $38,146,000 after acquiring an additional 391,701 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Raymond James Financial by 2.5% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 69.59% of the company’s stock.

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Several equities research analysts have commented on RJF shares. Wells Fargo & Company upgraded Raymond James Financial from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $86.00 to $90.00 in a research note on Thursday, September 14th. Zacks Investment Research upgraded Raymond James Financial from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research note on Wednesday, August 30th. Buckingham Research reaffirmed a “buy” rating and set a $94.00 price target (up previously from $88.00) on shares of Raymond James Financial in a research report on Monday, July 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $85.00 price target on shares of Raymond James Financial in a research report on Tuesday, October 3rd. Finally, BidaskClub lowered Raymond James Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 6th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $89.67.

Raymond James Financial, Inc. (NYSE RJF) opened at $85.32 on Tuesday. The firm has a market capitalization of $12,356.88, a P/E ratio of 16.87, a price-to-earnings-growth ratio of 0.86 and a beta of 1.71. Raymond James Financial, Inc. has a 1 year low of $58.77 and a 1 year high of $87.22. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.14 and a current ratio of 1.17.

Raymond James Financial (NYSE:RJF) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.15. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.67 billion. Raymond James Financial had a return on equity of 13.97% and a net margin of 9.75%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.28 EPS. sell-side analysts forecast that Raymond James Financial, Inc. will post 5.89 earnings per share 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 given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Friday, September 29th. Raymond James Financial’s dividend payout ratio (DPR) is 20.32%.

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.

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

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