Raymond James Financial, Inc. (RJF) Stake Decreased by LMR Partners LLP

LMR Partners LLP trimmed its holdings in Raymond James Financial, Inc. (NYSE:RJF) by 38.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,747 shares of the financial services provider’s stock after selling 4,800 shares during the quarter. LMR Partners LLP’s holdings in Raymond James Financial were worth $653,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Raymond James Financial by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,523 shares of the financial services provider’s stock worth $764,000 after buying an additional 37 shares during the period. Sawtooth Solutions LLC grew its stake in Raymond James Financial by 2.1% in the second quarter. Sawtooth Solutions LLC now owns 3,067 shares of the financial services provider’s stock worth $246,000 after purchasing an additional 62 shares in the last quarter. YorkBridge Wealth Partners LLC grew its stake in Raymond James Financial by 4.9% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,413 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 66 shares in the last quarter. Arizona State Retirement System grew its stake in Raymond James Financial by 0.3% in the second quarter. Arizona State Retirement System now owns 31,800 shares of the financial services provider’s stock worth $2,551,000 after purchasing an additional 100 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in Raymond James Financial by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 8,000 shares of the financial services provider’s stock worth $642,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 67.86% of the company’s stock.

In other news, SVP George Catanese sold 2,000 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $85.63, for a total transaction of $171,260.00. Following the completion of the sale, the senior vice president now owns 6,678 shares in the company, valued at approximately $571,837.14. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman Francis S. Godbold sold 45,000 shares of the stock in a transaction 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 disclosure for this sale can be found here. 11.18% of the stock is currently owned by company insiders.

Shares of Raymond James Financial, Inc. (NYSE RJF) traded down $0.02 during midday trading on Monday, reaching $84.95. The company’s stock had a trading volume of 218,800 shares, compared to its average volume of 780,641. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.17 and a quick ratio of 1.14. The company has a market cap of $12,340.00, a PE ratio of 16.72, a PEG ratio of 0.85 and a beta of 1.71. Raymond James Financial, Inc. has a 1-year low of $68.97 and a 1-year high of $87.22.

Raymond James Financial (NYSE:RJF) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.15. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Raymond James Financial had a return on equity of 13.97% and a net margin of 9.75%. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.28 EPS. analysts forecast that Raymond James Financial, Inc. will post 5.89 EPS for the current year.

Several research analysts recently issued reports on the company. Buckingham Research increased their price objective on Raymond James Financial from $92.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $85.00 price objective on shares of Raymond James Financial in a research note on Tuesday, October 3rd. Wells Fargo & Company raised Raymond James Financial from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $86.00 to $90.00 in a research note on Thursday, September 14th. Zacks Investment Research raised Raymond James Financial from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Wednesday, August 30th. Finally, BidaskClub cut Raymond James Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 6th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Raymond James Financial presently has an average rating of “Buy” and a consensus price target of $89.67.

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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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