Rothschild Asset Management Inc. decreased its position in Raymond James Financial, Inc. (NYSE:RJF) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 526,676 shares of the financial services provider’s stock after selling 1,949 shares during the quarter. Rothschild Asset Management Inc. owned 0.37% of Raymond James Financial worth $44,414,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Greenwood Capital Associates LLC purchased a new stake in Raymond James Financial in the second quarter valued at approximately $300,000. Tower Research Capital LLC TRC raised its position in Raymond James Financial by 1,611.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,252 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 3,062 shares during the period. Principal Financial Group Inc. raised its position in Raymond James Financial by 16.1% in the second quarter. Principal Financial Group Inc. now owns 360,741 shares of the financial services provider’s stock valued at $28,938,000 after purchasing an additional 50,132 shares during the period. Ameriprise Financial Inc. raised its position in Raymond James Financial by 489.1% in the second quarter. Ameriprise Financial Inc. now owns 471,784 shares of the financial services provider’s stock valued at $38,146,000 after purchasing an additional 391,701 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in Raymond James Financial by 16.2% in the second quarter. Parametric Portfolio Associates LLC now owns 190,570 shares of the financial services provider’s stock valued at $15,288,000 after purchasing an additional 26,631 shares during the period. 67.86% of the stock is currently owned by institutional investors.

Raymond James Financial, Inc. (NYSE RJF) traded up $0.94 during trading on Tuesday, hitting $84.72. The stock had a trading volume of 754,100 shares, compared to its average volume of 785,882. Raymond James Financial, Inc. has a 1-year low of $68.97 and a 1-year high of $87.22. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $12,240.00, a price-to-earnings ratio of 16.49, a P/E/G ratio of 0.84 and a beta of 1.71.

Raymond James Financial (NYSE:RJF) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.15. Raymond James Financial had a return on equity of 13.97% and a net margin of 9.75%. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the company earned $1.28 earnings per share. The company’s revenue was up 15.8% on a year-over-year basis. equities research analysts expect that Raymond James Financial, Inc. will post 5.89 EPS for the current year.

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RJF has been the topic of a number of research analyst reports. BidaskClub lowered Raymond James Financial from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Buckingham Research boosted their target price on Raymond James Financial from $92.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Zacks Investment Research raised Raymond James Financial from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Wednesday, August 30th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $85.00 price objective on shares of Raymond James Financial in a research report on Tuesday, August 29th. Finally, Wells Fargo & Company raised Raymond James Financial from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $86.00 to $90.00 in a research report on Thursday, September 14th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Raymond James Financial currently has a consensus rating of “Buy” and an average target price of $89.67.

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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