Exxonmobil Investment Management Inc. TX Decreases Stake in Raymond James Financial, Inc. (NYSE:RJF)

Exxonmobil Investment Management Inc. TX decreased its position in Raymond James Financial, Inc. (NYSE:RJF) by 13.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,610 shares of the financial services provider’s stock after selling 3,788 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Raymond James Financial were worth $1,974,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Raymond James Financial by 24.4% in the first quarter. Vanguard Group Inc. now owns 12,571,840 shares of the financial services provider’s stock valued at $958,728,000 after buying an additional 2,462,838 shares in the last quarter. BlackRock Inc. boosted its position in shares of Raymond James Financial by 3,818.6% in the first quarter. BlackRock Inc. now owns 8,358,285 shares of the financial services provider’s stock valued at $637,402,000 after buying an additional 8,144,989 shares in the last quarter. State Street Corp boosted its position in shares of Raymond James Financial by 44.2% in the first quarter. State Street Corp now owns 5,930,879 shares of the financial services provider’s stock valued at $452,297,000 after buying an additional 1,819,172 shares in the last quarter. Boston Partners boosted its position in shares of Raymond James Financial by 9.9% in the first quarter. Boston Partners now owns 5,437,723 shares of the financial services provider’s stock valued at $414,680,000 after buying an additional 489,610 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Raymond James Financial by 7.4% in the first quarter. Wells Fargo & Company MN now owns 2,556,283 shares of the financial services provider’s stock valued at $194,943,000 after buying an additional 175,601 shares in the last quarter. Institutional investors own 70.59% of the company’s stock.

Raymond James Financial, Inc. (NYSE RJF) opened at 82.90 on Friday. The stock has a market capitalization of $11.91 billion, a P/E ratio of 19.72 and a beta of 1.65. Raymond James Financial, Inc. has a 12 month low of $53.56 and a 12 month high of $85.97. The company’s 50-day moving average is $81.09 and its 200-day moving average is $77.11.

Raymond James Financial (NYSE:RJF) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.02. Raymond James Financial had a net margin of 9.78% and a return on equity of 13.57%. The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the company posted $0.93 EPS. Raymond James Financial’s revenue for the quarter was up 19.5% on a year-over-year basis. Equities analysts anticipate that Raymond James Financial, Inc. will post $5.10 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Monday, July 3rd were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $0.88 dividend on an annualized basis and a yield of 1.06%. Raymond James Financial’s payout ratio is 20.90%.

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Several equities analysts have recently issued reports on RJF shares. BidaskClub cut shares of Raymond James Financial from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Instinet reissued a “buy” rating and issued a $90.00 target price (up from $89.00) on shares of Raymond James Financial in a research report on Thursday, July 13th. Nomura lifted their target price on shares of Raymond James Financial from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 13th. Buckingham Research reissued a “buy” rating and issued a $94.00 target price (up from $88.00) on shares of Raymond James Financial in a research report on Monday, July 10th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $85.00 target price on shares of Raymond James Financial in a research report on Wednesday, May 24th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Raymond James Financial has a consensus rating of “Buy” and a consensus target price of $87.50.

In related news, EVP Jonathan N. Santelli sold 1,880 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $73.30, for a total transaction of $137,804.00. Following the completion of the sale, the executive vice president now directly owns 3,000 shares of the company’s stock, valued at approximately $219,900. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Bella Loykhter Allaire sold 4,000 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $82.83, for a total value of $331,320.00. Following the sale, the insider now directly owns 37,513 shares of the company’s stock, valued at $3,107,201.79. The disclosure for this sale can be found here. 11.18% of the stock is currently owned by corporate insiders.

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.