IFM Investors Pty Ltd Acquires 3,464 Shares of Raymond James (NYSE:RJF)

IFM Investors Pty Ltd increased its holdings in Raymond James (NYSE:RJF) by 33.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,825 shares of the financial services provider’s stock after purchasing an additional 3,464 shares during the period. IFM Investors Pty Ltd’s holdings in Raymond James were worth $1,140,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. MML Investors Services LLC increased its position in Raymond James by 1.8% in the second quarter. MML Investors Services LLC now owns 7,633 shares of the financial services provider’s stock worth $645,000 after purchasing an additional 132 shares during the last quarter. Shine Investment Advisory Services Inc. increased its position in Raymond James by 36.0% in the third quarter. Shine Investment Advisory Services Inc. now owns 567 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 150 shares during the last quarter. LS Investment Advisors LLC increased its position in Raymond James by 2.6% in the second quarter. LS Investment Advisors LLC now owns 6,148 shares of the financial services provider’s stock worth $520,000 after purchasing an additional 154 shares during the last quarter. Bray Capital Advisors increased its position in Raymond James by 18.8% in the second quarter. Bray Capital Advisors now owns 1,045 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 165 shares during the last quarter. Finally, World Asset Management Inc increased its position in Raymond James by 2.0% in the third quarter. World Asset Management Inc now owns 8,248 shares of the financial services provider’s stock worth $680,000 after purchasing an additional 165 shares during the last quarter. Institutional investors own 70.23% of the company’s stock.

RJF has been the topic of a number of analyst reports. Citigroup cut their price objective on shares of Raymond James from $87.00 to $86.00 and set a “neutral” rating on the stock in a research report on Thursday, September 19th. Credit Suisse Group boosted their price objective on shares of Raymond James from $97.00 to $98.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Finally, ValuEngine cut shares of Raymond James from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Raymond James has a consensus rating of “Hold” and a consensus target price of $92.00.

In other news, CFO Jeffrey P. Julien sold 15,756 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $78.59, for a total transaction of $1,238,264.04. Following the completion of the sale, the chief financial officer now directly owns 39,592 shares of the company’s stock, valued at $3,111,535.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Paul D. Allison sold 1,950 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $84.50, for a total transaction of $164,775.00. Following the sale, the chief executive officer now directly owns 41,852 shares of the company’s stock, valued at $3,536,494. The disclosure for this sale can be found here. Insiders have sold 51,059 shares of company stock valued at $4,288,133 over the last three months. Insiders own 10.74% of the company’s stock.

RJF stock traded up $0.23 during mid-day trading on Friday, reaching $89.29. 404,750 shares of the stock traded hands, compared to its average volume of 949,767. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.11. Raymond James has a one year low of $69.11 and a one year high of $92.00. The stock has a market capitalization of $12.37 billion, a PE ratio of 12.07 and a beta of 1.52. The business has a 50-day moving average price of $82.91 and a two-hundred day moving average price of $83.08.

Raymond James (NYSE:RJF) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $2.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.01. Raymond James had a net margin of 12.89% and a return on equity of 16.67%. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the previous year, the business posted $1.68 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. On average, equities analysts expect that Raymond James will post 8.05 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Monday, September 30th. Raymond James’s dividend payout ratio is currently 18.38%.

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.

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Institutional Ownership by Quarter for Raymond James (NYSE:RJF)

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