Nomura Holdings Inc. reduced its position in shares of Raymond James (NYSE:RJF) by 76.6% in the second quarter, Holdings Channel reports. The institutional investor owned 6,619 shares of the financial services provider’s stock after selling 21,623 shares during the quarter. Nomura Holdings Inc.’s holdings in Raymond James were worth $591,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. increased its position in Raymond James by 1.9% during the 1st quarter. BlackRock Inc. now owns 8,647,915 shares of the financial services provider’s stock valued at $773,210,000 after purchasing an additional 164,613 shares during the period. Wells Fargo & Company MN increased its position in Raymond James by 7.7% during the 2nd quarter. Wells Fargo & Company MN now owns 4,521,398 shares of the financial services provider’s stock valued at $403,986,000 after purchasing an additional 322,014 shares during the period. Bank of New York Mellon Corp increased its position in Raymond James by 51.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,877,559 shares of the financial services provider’s stock valued at $167,759,000 after purchasing an additional 634,378 shares during the period. Millennium Management LLC increased its position in Raymond James by 75.1% during the 1st quarter. Millennium Management LLC now owns 1,140,478 shares of the financial services provider’s stock valued at $101,970,000 after purchasing an additional 489,310 shares during the period. Finally, FMR LLC increased its position in Raymond James by 30.0% during the 2nd quarter. FMR LLC now owns 959,737 shares of the financial services provider’s stock valued at $85,753,000 after purchasing an additional 221,379 shares during the period. Institutional investors own 71.46% of the company’s stock.

A number of research analysts have issued reports on the stock. JMP Securities raised shares of Raymond James from a “market perform” rating to an “outperform” rating in a research report on Friday, July 27th. Zacks Investment Research raised shares of Raymond James from a “sell” rating to a “hold” rating in a research report on Tuesday, August 21st. Wolfe Research assumed coverage on shares of Raymond James in a research report on Tuesday. They set an “outperform” rating on the stock. Finally, Citigroup boosted their price objective on shares of Raymond James from $95.00 to $108.00 and gave the company a “neutral” rating in a research report on Friday, June 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $103.75.

NYSE:RJF opened at $93.86 on Wednesday. The stock has a market capitalization of $13.88 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 0.85 and a beta of 1.65. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.44. Raymond James has a 1-year low of $81.90 and a 1-year high of $102.17.

Raymond James (NYSE:RJF) last released its earnings results on Wednesday, July 25th. The financial services provider reported $1.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.72 by ($0.17). The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Raymond James had a return on equity of 15.66% and a net margin of 10.87%. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 earnings per share. analysts forecast that Raymond James will post 6.6 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Monday, October 1st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, September 28th. Raymond James’s dividend payout ratio is presently 22.94%.

In other news, President John C. Jr. Carson sold 5,698 shares of the company’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $92.66, for a total value of $527,976.68. The transaction was disclosed in a filing with the SEC, which is available through this link. 10.46% of the stock is owned by corporate insiders.

Raymond James Company Profile

Raymond James Financial, Inc, a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments.

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

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