Raymond James Financial, Inc. (NYSE:RJF) Holdings Boosted by New York State Common Retirement Fund

New York State Common Retirement Fund grew its position in Raymond James Financial, Inc. (NYSE:RJF) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 642,475 shares of the financial services provider’s stock after buying an additional 7,200 shares during the quarter. New York State Common Retirement Fund owned 0.45% of Raymond James Financial worth $54,180,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC increased its position in Raymond James Financial by 4.9% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,413 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 66 shares during the period. Burt Wealth Advisors purchased a new stake in Raymond James Financial in the 2nd quarter valued at approximately $150,000. Pacer Advisors Inc. boosted its holdings in Raymond James Financial by 8.2% in the 2nd quarter. Pacer Advisors Inc. now owns 2,714 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 206 shares in the last quarter. FNY Partners Fund LP boosted its holdings in Raymond James Financial by 3,103.0% in the 2nd quarter. FNY Partners Fund LP now owns 3,003 shares of the financial services provider’s stock valued at $240,000 after purchasing an additional 3,103 shares in the last quarter. Finally, Sawtooth Solutions LLC boosted its stake in shares of Raymond James Financial by 2.1% during the 2nd quarter. Sawtooth Solutions LLC now owns 3,067 shares of the financial services provider’s stock worth $246,000 after acquiring an additional 62 shares in the last quarter. 69.86% of the stock is owned by hedge funds and other institutional investors.

RJF has been the topic of several research analyst reports. Buckingham Research boosted their price target 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. 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 note on Wednesday, August 30th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $85.00 price target on shares of Raymond James Financial in a report on Tuesday, August 29th. Wells Fargo & Company upgraded Raymond James Financial from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $86.00 to $90.00 in a report on Thursday, September 14th. Finally, Credit Suisse Group assumed coverage on Raymond James Financial in a report on Thursday, November 30th. They set an “underperform” rating and a $82.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $88.57.

In other Raymond James Financial news, insider Jeffrey E. Trocin sold 16,184 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $88.89, for a total value of $1,438,595.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Thomas A. James sold 200,000 shares of Raymond James Financial stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $85.98, for a total transaction of $17,196,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 305,017 shares of company stock worth $26,295,553 in the last 90 days. 11.18% of the stock is owned by insiders.

Raymond James Financial, Inc. (NYSE:RJF) traded down $1.22 on Friday, reaching $86.64. 1,010,000 shares of the company traded hands, compared to its average volume of 780,750. The firm has a market capitalization of $12,510.00, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 0.88 and a beta of 1.71. Raymond James Financial, Inc. has a 52-week low of $68.97 and a 52-week high of $91.29. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.60.

Raymond James Financial (NYSE:RJF) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.47 EPS for the quarter, beating the consensus estimate of $1.32 by $0.15. Raymond James Financial had a net margin of 9.75% and a return on equity of 13.75%. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the business earned $1.28 earnings per share. Raymond James Financial’s revenue was up 15.8% compared to the same quarter last year. equities analysts anticipate that Raymond James Financial, Inc. will post 5.89 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Wednesday, January 3rd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.15%. This is an increase from Raymond James Financial’s previous quarterly dividend of $0.22. Raymond James Financial’s dividend payout ratio (DPR) is currently 20.37%.

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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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