Sei Investments Co. decreased its holdings in Raymond James Financial, Inc. (NYSE:RJF) by 6.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,959 shares of the financial services provider’s stock after selling 6,929 shares during the quarter. Sei Investments Co. owned approximately 0.07% of Raymond James Financial worth $8,851,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of RJF. Creative Planning grew its holdings in shares of Raymond James Financial by 30.3% during the 2nd quarter. Creative Planning now owns 4,391 shares of the financial services provider’s stock worth $352,000 after purchasing an additional 1,022 shares during the period. LS Investment Advisors LLC grew its holdings in shares of Raymond James Financial by 7.8% during the 2nd quarter. LS Investment Advisors LLC now owns 5,692 shares of the financial services provider’s stock worth $457,000 after purchasing an additional 410 shares during the period. Louisiana State Employees Retirement System grew its holdings in shares of Raymond James Financial by 1.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 8,000 shares of the financial services provider’s stock worth $642,000 after purchasing an additional 100 shares during the period. Aperio Group LLC grew its holdings in shares of Raymond James Financial by 19.5% during the 2nd quarter. Aperio Group LLC now owns 55,405 shares of the financial services provider’s stock worth $4,445,000 after purchasing an additional 9,047 shares during the period. Finally, SPC Financial Inc. grew its holdings in shares of Raymond James Financial by 1.3% during the 2nd quarter. SPC Financial Inc. now owns 8,100 shares of the financial services provider’s stock worth $650,000 after purchasing an additional 100 shares during the period. Institutional investors own 67.86% of the company’s stock.

Several research firms recently commented on RJF. Buckingham Research boosted their price target on Raymond James Financial from $92.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Zacks Investment Research lowered Raymond James Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $85.00 price target on shares of Raymond James Financial in a report on Tuesday, October 3rd. BidaskClub downgraded Raymond James Financial from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Wells Fargo & Company upgraded 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 note on Thursday, September 14th. Two investment analysts have rated the stock with a hold rating and five have issued 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, Inc. (RJF) opened at $85.15 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.14 and a current ratio of 1.17. The company has a market capitalization of $12,215.57, a PE ratio of 16.68, a PEG ratio of 0.85 and a beta of 1.71. Raymond James Financial, Inc. has a fifty-two week low of $68.97 and a fifty-two week high of $87.22.

Raymond James Financial (NYSE:RJF) last posted its earnings results on Wednesday, October 25th. The financial services provider reported $1.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the company earned $1.28 EPS. Raymond James Financial’s revenue was up 15.8% on a year-over-year basis. analysts expect that Raymond James Financial, Inc. will post 5.89 earnings per share for the current year.

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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.

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

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