Raymond James (NYSE:RJF) Shares Bought by National Pension Service

National Pension Service lifted its position in shares of Raymond James (NYSE:RJF) by 2.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 292,577 shares of the financial services provider’s stock after buying an additional 6,221 shares during the quarter. National Pension Service’s holdings in Raymond James were worth $35,829,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Concurrent Investment Advisors LLC raised its position in Raymond James by 36.9% during the first quarter. Concurrent Investment Advisors LLC now owns 8,640 shares of the financial services provider’s stock worth $1,109,000 after acquiring an additional 2,328 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Raymond James by 5.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 225,331 shares of the financial services provider’s stock valued at $28,937,000 after buying an additional 11,427 shares in the last quarter. Bessemer Group Inc. grew its holdings in Raymond James by 1,138.5% during the 1st quarter. Bessemer Group Inc. now owns 19,036 shares of the financial services provider’s stock valued at $2,445,000 after buying an additional 17,499 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Raymond James by 44.6% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 17,600 shares of the financial services provider’s stock worth $2,260,000 after buying an additional 5,427 shares in the last quarter. Finally, Atria Investments Inc raised its holdings in shares of Raymond James by 37.3% in the first quarter. Atria Investments Inc now owns 31,287 shares of the financial services provider’s stock worth $4,018,000 after acquiring an additional 8,507 shares during the last quarter. 83.83% of the stock is currently owned by hedge funds and other institutional investors.

Raymond James Stock Performance

NYSE RJF opened at $160.79 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.02 and a quick ratio of 0.99. Raymond James has a 1-year low of $98.72 and a 1-year high of $161.76. The firm has a market capitalization of $33.11 billion, a P/E ratio of 16.56, a P/E/G ratio of 0.73 and a beta of 0.99. The business’s 50-day simple moving average is $128.52 and its 200-day simple moving average is $122.49.

Raymond James (NYSE:RJF) last released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.54. The company had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.32 billion. Raymond James had a net margin of 13.86% and a return on equity of 19.61%. Raymond James’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.13 earnings per share. Equities analysts predict that Raymond James will post 10.73 EPS for the current year.

Raymond James Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Tuesday, October 1st. Raymond James’s dividend payout ratio is presently 18.54%.

Analyst Ratings Changes

RJF has been the subject of a number of recent research reports. Jefferies Financial Group lifted their price objective on Raymond James from $123.00 to $126.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. The Goldman Sachs Group boosted their price objective on shares of Raymond James from $125.00 to $142.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. decreased their target price on shares of Raymond James from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Bank of America boosted their price target on Raymond James from $136.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Morgan Stanley raised their price objective on Raymond James from $132.00 to $145.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $140.91.

Insiders Place Their Bets

In related news, CEO Tashtego S. Elwyn sold 31,277 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $109.64, for a total transaction of $3,429,210.28. Following the sale, the chief executive officer now directly owns 35,380 shares in the company, valued at approximately $3,879,063.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 9.74% of the stock is currently owned by insiders.

About Raymond James

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.