LMR Partners LLP lifted its position in shares of Raymond James Financial, Inc. (NYSE:RJF) by 19.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 9,271 shares of the financial services provider’s stock after acquiring an additional 1,524 shares during the quarter. LMR Partners LLP’s holdings in Raymond James Financial were worth $828,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Cerebellum GP LLC acquired a new position in Raymond James Financial during the fourth quarter worth about $129,000. Advisor Partners LLC acquired a new position in Raymond James Financial during the fourth quarter worth about $218,000. Noesis Capital Mangement Corp acquired a new position in Raymond James Financial during the third quarter worth about $210,000. Arthur M. Cohen & Associates LLC acquired a new position in Raymond James Financial during the fourth quarter worth about $221,000. Finally, Sterling Capital Management LLC acquired a new position in Raymond James Financial during the third quarter worth about $219,000. Institutional investors and hedge funds own 69.33% of the company’s stock.

Several brokerages have weighed in on RJF. Buckingham Research upped their target price on shares of Raymond James Financial from $113.00 to $117.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Keefe, Bruyette & Woods restated a “hold” rating and set a $102.00 target price on shares of Raymond James Financial in a research report on Thursday, January 25th. Credit Suisse Group restated a “hold” rating and set a $99.00 target price on shares of Raymond James Financial in a research report on Friday, January 26th. Finally, Wells Fargo & Co restated an “outperform” rating and set a $110.00 target price (up from $94.00) on shares of Raymond James Financial in a research report on Thursday, January 4th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $99.29.

In other news, Vice Chairman Francis S. Godbold sold 45,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $85.51, for a total value of $3,847,950.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Thomas A. James sold 200,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $85.98, for a total transaction of $17,196,000.00. The disclosure for this sale can be found here. Insiders sold 325,479 shares of company stock worth $28,161,533 over the last quarter. Company insiders own 10.46% of the company’s stock.

Raymond James Financial, Inc. (RJF) opened at $94.33 on Friday. 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, Inc. has a 1 year low of $71.35 and a 1 year high of $99.10. The firm has a market cap of $14,132.19, a PE ratio of 22.90, a price-to-earnings-growth ratio of 0.83 and a beta of 1.63.

Raymond James Financial (NYSE:RJF) last released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.42 by $0.19. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.73 billion. Raymond James Financial had a net margin of 9.00% and a return on equity of 15.07%. The company’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.07 earnings per share. equities analysts anticipate that Raymond James Financial, Inc. will post 6.89 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 17th. Stockholders of record on Wednesday, January 3rd were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, January 2nd. This is a positive change from Raymond James Financial’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. Raymond James Financial’s dividend payout ratio is currently 24.27%.

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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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