Candriam Luxembourg S.C.A. purchased a new stake in shares of Raymond James Financial, Inc. (NYSE:RJF) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 109,860 shares of the financial services provider’s stock, valued at approximately $8,813,000. Candriam Luxembourg S.C.A. owned approximately 0.08% of Raymond James Financial at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the stock. YorkBridge Wealth Partners LLC boosted its stake in Raymond James Financial by 4.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,347 shares of the financial services provider’s stock valued at $102,000 after buying an additional 52 shares in the last quarter. Independent Portfolio Consultants Inc. increased its position in Raymond James Financial by 2.3% in the first quarter. Independent Portfolio Consultants Inc. now owns 1,805 shares of the financial services provider’s stock valued at $138,000 after buying an additional 40 shares during the last quarter. Americafirst Capital Management LLC purchased a new position in Raymond James Financial during the first quarter valued at $168,000. Global X Management Co. LLC increased its position in Raymond James Financial by 42.5% in the first quarter. Global X Management Co. LLC now owns 2,314 shares of the financial services provider’s stock valued at $176,000 after buying an additional 690 shares during the last quarter. Finally, Triangle Securities Wealth Management purchased a new position in Raymond James Financial during the second quarter valued at $206,000. 70.11% of the stock is owned by institutional investors and hedge funds.
Shares of Raymond James Financial, Inc. (NYSE:RJF) traded up 0.15% on Tuesday, reaching $80.34. The company had a trading volume of 465,963 shares. The company has a 50 day moving average price of $81.99 and a 200 day moving average price of $77.61. The stock has a market capitalization of $11.55 billion, a PE ratio of 19.11 and a beta of 1.65. Raymond James Financial, Inc. has a 52-week low of $55.42 and a 52-week high of $85.97.
Raymond James Financial (NYSE:RJF) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.02. The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.61 billion. Raymond James Financial had a net margin of 9.78% and a return on equity of 13.37%. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.93 EPS. On average, equities research analysts anticipate that Raymond James Financial, Inc. will post $5.07 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Monday, July 3rd were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Thursday, June 29th. Raymond James Financial’s dividend payout ratio is currently 20.90%.
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Several equities analysts recently weighed in on the company. BidaskClub downgraded 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 set a $90.00 price target (up previously from $89.00) on shares of Raymond James Financial in a research report on Thursday, July 13th. Nomura raised their price target on 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 set a $94.00 price target (up previously from $88.00) on shares of Raymond James Financial in a research report on Monday, July 10th. Finally, Wells Fargo & Company reissued a “market perform” rating and set a $85.00 price target (up previously from $82.50) on shares of Raymond James Financial in a research report on Monday, June 12th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $87.50.
In other Raymond James Financial news, CEO Paul C. Reilly sold 33,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $83.17, for a total value of $2,744,610.00. Following the completion of the sale, the chief executive officer now owns 128,980 shares of the company’s stock, valued at approximately $10,727,266.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bella Loykhter Allaire sold 4,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $82.83, for a total transaction of $331,320.00. Following the completion of the sale, the insider now directly owns 37,513 shares of the company’s stock, valued at approximately $3,107,201.79. The disclosure for this sale can be found here. Insiders sold a total of 38,880 shares of company stock valued at $3,213,734 in the last three months. Insiders own 11.18% of the company’s stock.
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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