Earnest Partners LLC reduced its holdings in Raymond James Financial, Inc. (NYSE:RJF) by 3.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,048,869 shares of the financial services provider’s stock after selling 83,485 shares during the period. Raymond James Financial makes up 1.8% of Earnest Partners LLC’s portfolio, making the stock its 5th largest holding. Earnest Partners LLC owned approximately 1.41% of Raymond James Financial worth $182,964,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Advisor Partners LLC purchased a new position in shares of Raymond James Financial in the 4th quarter worth $218,000. Toronto Dominion Bank lifted its holdings in shares of Raymond James Financial by 12.2% in the 3rd quarter. Toronto Dominion Bank now owns 48,731 shares of the financial services provider’s stock worth $4,110,000 after acquiring an additional 5,295 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Raymond James Financial by 4.7% in the 4th quarter. BlackRock Inc. now owns 8,483,302 shares of the financial services provider’s stock worth $757,558,000 after acquiring an additional 383,937 shares during the last quarter. DnB Asset Management AS lifted its holdings in shares of Raymond James Financial by 29.8% in the 4th quarter. DnB Asset Management AS now owns 14,800 shares of the financial services provider’s stock worth $1,322,000 after acquiring an additional 3,400 shares during the last quarter. Finally, Crestline Management LP bought a new stake in shares of Raymond James Financial in the 3rd quarter worth about $2,218,000. 70.99% of the stock is owned by institutional investors and hedge funds.
In related news, SVP Jennifer C. Ackart sold 5,000 shares of Raymond James Financial stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $91.00, for a total transaction of $455,000.00. Following the completion of the sale, the senior vice president now owns 7,028 shares in the company, valued at approximately $639,548. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP George Catanese sold 506 shares of Raymond James Financial stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $88.29, for a total transaction of $44,674.74. Following the sale, the senior vice president now owns 5,884 shares of the company’s stock, valued at approximately $519,498.36. The disclosure for this sale can be found here. Insiders have sold a total of 25,462 shares of company stock valued at $2,320,980 in the last quarter. 10.46% of the stock is currently owned by company insiders.
Shares of Raymond James Financial, Inc. (NYSE:RJF) opened at $98.75 on Monday. Raymond James Financial, Inc. has a twelve month low of $71.35 and a twelve month high of $99.10. The firm has a market cap of $14,379.48, a PE ratio of 17.57, a P/E/G ratio of 0.84 and a beta of 1.61. The company has a current ratio of 1.14, a quick ratio of 1.12 and a debt-to-equity ratio of 0.53.
Raymond James Financial (NYSE:RJF) last announced its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.19. Raymond James Financial had a net margin of 9.00% and a return on equity of 14.87%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the business posted $1.07 EPS. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. equities analysts forecast that Raymond James Financial, Inc. will post 6.89 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. Raymond James Financial’s payout ratio is 24.27%.
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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.
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