Strs Ohio raised its position in Raymond James Financial, Inc. (NYSE:RJF) by 9.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,037 shares of the financial services provider’s stock after buying an additional 1,027 shares during the period. Strs Ohio’s holdings in Raymond James Financial were worth $917,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of RJF. State Street Corp increased its position in Raymond James Financial by 2.3% in the fourth quarter. State Street Corp now owns 4,111,707 shares of the financial services provider’s stock valued at $284,819,000 after buying an additional 93,830 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Raymond James Financial by 9.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,556,193 shares of the financial services provider’s stock valued at $107,798,000 after buying an additional 130,650 shares during the last quarter. AQR Capital Management LLC increased its position in Raymond James Financial by 11.0% in the fourth quarter. AQR Capital Management LLC now owns 1,261,945 shares of the financial services provider’s stock valued at $87,415,000 after buying an additional 125,224 shares during the last quarter. Norges Bank purchased a new position in Raymond James Financial during the fourth quarter valued at about $80,439,000. Finally, Congress Asset Management Co. MA purchased a new position in Raymond James Financial during the fourth quarter valued at about $58,080,000. 67.37% of the stock is owned by institutional investors.
Raymond James Financial, Inc. (NYSE RJF) opened at 78.29 on Friday. The company has a 50-day moving average of $74.53 and a 200-day moving average of $74.86. The stock has a market capitalization of $11.22 billion, a price-to-earnings ratio of 20.45 and a beta of 1.53. Raymond James Financial, Inc. has a 52 week low of $46.30 and a 52 week high of $81.92.
Raymond James Financial (NYSE:RJF) last posted its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.14. Raymond James Financial had a net margin of 9.91% and a return on equity of 12.02%. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter last year, the firm posted $0.90 EPS. The business’s revenue for the quarter was up 19.1% on a year-over-year basis. Analysts anticipate that Raymond James Financial, Inc. will post $4.95 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Monday, July 3rd will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Thursday, June 29th. Raymond James Financial’s payout ratio is 22.34%.
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RJF has been the topic of several research reports. Nomura reissued a “buy” rating and issued a $94.00 target price on shares of Raymond James Financial in a research report on Tuesday, May 2nd. Instinet lowered their price target on shares of Raymond James Financial to $89.00 and set a “buy” rating on the stock in a report on Thursday, May 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $85.00 price target on shares of Raymond James Financial in a report on Wednesday, May 24th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $81.00.
In other Raymond James Financial news, EVP Jonathan N. Santelli sold 1,880 shares of the firm’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $73.30, for a total value of $137,804.00. Following the completion of the transaction, the executive vice president now directly owns 3,000 shares in the company, valued at $219,900. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 11.18% of the company’s stock.
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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