Aberdeen Asset Management PLC UK lessened its holdings in Raymond James Financial, Inc. (NYSE:RJF) by 7.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,152 shares of the financial services provider’s stock after selling 1,892 shares during the quarter. Aberdeen Asset Management PLC UK’s holdings in Raymond James Financial were worth $1,777,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of RJF. Burt Wealth Advisors acquired a new position in Raymond James Financial in the 2nd quarter worth approximately $150,000. Global X Management Co. LLC increased its holdings in Raymond James Financial by 42.5% in the 1st quarter. Global X Management Co. LLC now owns 2,314 shares of the financial services provider’s stock worth $176,000 after buying an additional 690 shares during the period. Triangle Securities Wealth Management acquired a new position in Raymond James Financial in the 2nd quarter worth approximately $206,000. Pacer Advisors Inc. increased 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 worth $218,000 after buying an additional 206 shares during the period. Finally, Fox Run Management L.L.C. acquired a new position in Raymond James Financial in the 2nd quarter worth approximately $225,000. Institutional investors own 70.02% of the company’s stock.

Shares of Raymond James Financial, Inc. (NYSE:RJF) opened at 80.92 on Tuesday. The stock has a market cap of $11.63 billion, a price-to-earnings ratio of 19.24 and a beta of 1.66. Raymond James Financial, Inc. has a 52-week low of $56.06 and a 52-week high of $85.97. The firm has a 50-day moving average price of $79.36 and a 200 day moving average price of $77.69.

Raymond James Financial (NYSE:RJF) last released its earnings results 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 business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.61 billion. Raymond James Financial had a return on equity of 13.37% and a net margin of 9.78%. The company’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 company posted $0.93 earnings per share. Analysts expect that Raymond James Financial, Inc. will post $5.07 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Friday, September 29th. Raymond James Financial’s payout ratio is currently 20.90%.

RJF has been the topic of several research reports. BidaskClub downgraded shares of Raymond James Financial from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Instinet reiterated a “buy” rating and issued a $90.00 price target (up previously from $89.00) on shares of Raymond James Financial in a report on Thursday, July 13th. Nomura increased their price target on shares of Raymond James Financial from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Buckingham Research reiterated a “buy” rating and issued a $94.00 price target (up previously from $88.00) on shares of Raymond James Financial in a report on Monday, July 10th. Finally, Zacks Investment Research upgraded Raymond James Financial from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research report on Wednesday, August 30th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $89.33.

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In related news, CEO Paul C. Reilly sold 33,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $83.17, for a total transaction of $2,744,610.00. Following the transaction, the chief executive officer now owns 128,980 shares of the company’s stock, valued at $10,727,266.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bella Loykhter Allaire sold 4,000 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 37,513 shares in the company, valued at approximately $3,107,201.79. The disclosure for this sale can be found here. Insiders own 11.18% of the company’s stock.

Raymond James Financial 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.

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

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