Robeco Institutional Asset Management B.V. boosted its stake in shares of Raymond James Financial, Inc. (NYSE:RJF) by 7.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 122,095 shares of the financial services provider’s stock after buying an additional 8,474 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.08% of Raymond James Financial worth $9,797,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Tyers Asset Management LLC boosted its stake in Raymond James Financial by 21.9% in the first quarter. Tyers Asset Management LLC now owns 4,720 shares of the financial services provider’s stock valued at $360,000 after buying an additional 848 shares during the last quarter. ING Groep NV purchased a new stake in Raymond James Financial during the first quarter valued at $498,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Raymond James Financial by 9.6% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,517 shares of the financial services provider’s stock valued at $1,565,000 after buying an additional 1,792 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Raymond James Financial by 78.2% in the first quarter. Canada Pension Plan Investment Board now owns 31,900 shares of the financial services provider’s stock valued at $2,433,000 after buying an additional 14,000 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its stake in Raymond James Financial by 32.2% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,107 shares of the financial services provider’s stock valued at $847,000 after buying an additional 2,708 shares during the last quarter. 70.03% of the stock is currently owned by institutional investors and hedge funds.

Raymond James Financial, Inc. (NYSE RJF) opened at 78.20 on Thursday. The stock has a market capitalization of $11.24 billion, a price-to-earnings ratio of 18.60 and a beta of 1.65. Raymond James Financial, Inc. has a 12-month low of $56.06 and a 12-month high of $85.97. The stock’s 50 day moving average is $81.58 and its 200 day moving average is $77.79.

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, topping 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 13.37%. The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the previous year, the business posted $0.93 EPS. The firm’s revenue was up 19.5% on a year-over-year basis. Equities analysts predict that Raymond James Financial, Inc. will post $5.07 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.13%. The ex-dividend date is Friday, September 29th. Raymond James Financial’s dividend payout ratio (DPR) is presently 20.90%.

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RJF has been the subject of several recent research reports. BidaskClub lowered shares of Raymond James Financial from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Instinet reiterated a “buy” rating and set a $90.00 target price (up from $89.00) on shares of Raymond James Financial in a report on Thursday, July 13th. Nomura lifted their target price on shares of Raymond James Financial from $89.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, July 13th. Buckingham Research reiterated a “buy” rating and set a $94.00 target price (up from $88.00) on shares of Raymond James Financial in a report on Monday, July 10th. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $85.00 target price (up from $82.50) on shares of Raymond James Financial in a report on Monday, June 12th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $88.50.

In other Raymond James Financial news, CEO Paul C. Reilly sold 33,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $83.17, for a total transaction of $2,744,610.00. Following the completion of the transaction, the chief executive officer now owns 128,980 shares in the company, valued at approximately $10,727,266.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bella Loykhter Allaire sold 4,000 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $82.83, for a total transaction of $331,320.00. Following the completion of the transaction, the insider now owns 37,513 shares of the company’s stock, valued at approximately $3,107,201.79. The disclosure for this sale can be found here. Insiders own 11.18% of the company’s stock.

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.

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

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