California State Teachers Retirement System lessened its position in Raymond James Financial, Inc. (NYSE:RJF) by 7.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 240,568 shares of the financial services provider’s stock after selling 18,609 shares during the period. California State Teachers Retirement System owned approximately 0.17% of Raymond James Financial worth $19,298,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC raised its stake in shares of Raymond James Financial by 4.9% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,413 shares of the financial services provider’s stock worth $115,000 after buying an additional 66 shares in the last quarter. Burt Wealth Advisors bought a new stake in shares of Raymond James Financial in the 2nd quarter worth $150,000. Global X Management Co. LLC raised its stake in shares of 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 in the last quarter. Triangle Securities Wealth Management bought a new stake in shares of Raymond James Financial in the 2nd quarter worth $206,000. Finally, Pacer Advisors Inc. raised its stake in shares of 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 in the last quarter. 70.01% of the stock is currently owned by institutional investors.

Raymond James Financial, Inc. (RJF) opened at 85.5294 on Tuesday. The company has a 50 day moving average price of $81.58 and a 200-day moving average price of $78.72. Raymond James Financial, Inc. has a one year low of $57.84 and a one year high of $87.22. The firm has a market capitalization of $12.29 billion, a PE ratio of 20.3399 and a beta of 1.67.

Raymond James Financial (NYSE:RJF) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.02. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.61 billion. Raymond James Financial had a return on equity of 13.37% and a net margin of 9.78%. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.93 EPS. On average, equities analysts predict that Raymond James Financial, Inc. will post $5.07 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 2nd were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Friday, September 29th. Raymond James Financial’s dividend payout ratio (DPR) is currently 20.90%.

In other news, CEO Paul C. Reilly sold 33,000 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $83.17, for a total value of $2,744,610.00. Following the transaction, 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 document filed with the SEC, which is accessible through the SEC website. Also, insider Bella Loykhter Allaire sold 4,000 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $82.83, for a total value of $331,320.00. Following the completion of 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. Corporate insiders own 11.18% of the company’s stock.

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RJF has been the topic of a number of research reports. Wells Fargo & Company raised Raymond James Financial from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $86.00 to $90.00 in a research note on Thursday, September 14th. Buckingham Research reissued a “buy” rating and issued a $94.00 price objective (up previously from $88.00) on shares of Raymond James Financial in a research note on Monday, July 10th. Zacks Investment Research raised Raymond James Financial from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research note on Wednesday, August 30th. BidaskClub raised Raymond James Financial from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $85.00 target price on shares of Raymond James Financial in a report on Monday, June 26th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $89.33.

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.

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

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