South Street Advisors LLC decreased its stake in Raymond James Financial, Inc. (NYSE:RJF) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 160,190 shares of the financial services provider’s stock after selling 2,490 shares during the period. Raymond James Financial makes up 2.6% of South Street Advisors LLC’s portfolio, making the stock its 7th biggest position. South Street Advisors LLC owned 0.11% of Raymond James Financial worth $13,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. California Public Employees Retirement System boosted its position in shares of Raymond James Financial by 1.4% in the third quarter. California Public Employees Retirement System now owns 285,772 shares of the financial services provider’s stock worth $24,099,000 after buying an additional 4,050 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Raymond James Financial by 14.1% in the third quarter. Janney Montgomery Scott LLC now owns 16,114 shares of the financial services provider’s stock worth $1,359,000 after buying an additional 1,986 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Raymond James Financial by 37.6% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,921 shares of the financial services provider’s stock worth $247,000 after buying an additional 798 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Raymond James Financial in the third quarter worth about $691,000. Finally, Point72 Asset Management L.P. purchased a new position in Raymond James Financial in the third quarter valued at about $5,503,000. 69.86% of the stock is owned by institutional investors.

In other Raymond James Financial news, SVP George Catanese sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $85.63, for a total transaction of $171,260.00. Following the sale, the senior vice president now owns 6,678 shares in the company, valued at $571,837.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Francis S. Godbold sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $85.51, for a total value of $3,847,950.00. The disclosure for this sale can be found here. Insiders have sold 288,833 shares of company stock worth $24,856,957 in the last 90 days. 11.18% of the stock is currently owned by insiders.

A number of research analysts recently commented on RJF shares. Buckingham Research increased their price target on Raymond James Financial from $92.00 to $96.00 and gave the company a “buy” rating in a report on Friday, October 27th. Zacks Investment Research downgraded Raymond James Financial from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $85.00 price target on shares of Raymond James Financial in a report on Tuesday, October 3rd. Credit Suisse Group started coverage on Raymond James Financial in a report on Thursday, November 30th. They issued an “underperform” rating and a $82.00 price target for the company. Finally, Wells Fargo & Company raised Raymond James Financial from a “market perform” rating to an “outperform” rating and increased their price target for the company from $86.00 to $90.00 in a report on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, two have issued 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 a consensus price target of $88.57.

Shares of Raymond James Financial, Inc. (NYSE RJF) traded down $0.45 on Tuesday, reaching $89.04. The company had a trading volume of 528,200 shares, compared to its average volume of 779,631. The stock has a market capitalization of $12,922.40, a P/E ratio of 17.62, a P/E/G ratio of 0.89 and a beta of 1.71. Raymond James Financial, Inc. has a 1 year low of $68.97 and a 1 year high of $91.29. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 1.14.

Raymond James Financial (NYSE:RJF) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.15. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.67 billion. Raymond James Financial had a return on equity of 13.75% and a net margin of 9.75%. Raymond James Financial’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.28 earnings per share. sell-side analysts anticipate that Raymond James Financial, Inc. will post 5.89 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Wednesday, January 3rd will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, January 2nd. This represents a $1.00 annualized dividend and a yield of 1.12%. This is a boost from Raymond James Financial’s previous quarterly dividend of $0.22. Raymond James Financial’s dividend payout ratio is presently 20.32%.

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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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