Highbridge Capital Management LLC bought a new position in Raymond James Financial, Inc. (NYSE:RJF) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 9,994 shares of the financial services provider’s stock, valued at approximately $843,000.

Other large investors also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC grew its position in shares of Raymond James Financial by 4.9% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,413 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 66 shares during the period. Burt Wealth Advisors bought a new stake in shares of Raymond James Financial during the 2nd quarter valued at $150,000. Noesis Capital Mangement Corp bought a new stake in shares of Raymond James Financial during the 3rd quarter valued at $210,000. Pacer Advisors Inc. grew its position in shares of Raymond James Financial by 8.2% during the 2nd quarter. Pacer Advisors Inc. now owns 2,714 shares of the financial services provider’s stock valued at $218,000 after acquiring an additional 206 shares during the period. Finally, FNY Partners Fund LP grew its position in shares of Raymond James Financial by 3,103.0% during the 2nd quarter. FNY Partners Fund LP now owns 3,003 shares of the financial services provider’s stock valued at $240,000 after acquiring an additional 3,103 shares during the period. 69.86% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on RJF shares. Buckingham Research boosted their price objective on shares of 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 shares of Raymond James Financial from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Wednesday, August 30th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $85.00 price objective on shares of Raymond James Financial in a research report on Tuesday, August 29th. Wells Fargo & Company upgraded shares of Raymond James Financial from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $86.00 to $90.00 in a research note on Thursday, September 14th. Finally, Credit Suisse Group began coverage on shares of Raymond James Financial in a research note on Thursday, November 30th. They set an “underperform” rating and a $82.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $88.57.

In related news, SVP Jennifer C. Ackart sold 3,000 shares of Raymond James Financial stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $89.23, for a total transaction of $267,690.00. Following the transaction, the senior vice president now owns 12,409 shares in the company, valued at approximately $1,107,255.07. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Thomas A. James sold 200,000 shares of Raymond James Financial stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $85.98, for a total transaction of $17,196,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 305,017 shares of company stock worth $26,295,553. 11.18% of the stock is owned by corporate insiders.

Raymond James Financial, Inc. (RJF) traded up $1.60 on Friday, hitting $88.24. 1,189,179 shares of the company were exchanged, compared to its average volume of 674,346. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.14 and a current ratio of 1.16. Raymond James Financial, Inc. has a 52 week low of $68.97 and a 52 week high of $91.29. The stock has a market cap of $12,513.75, a PE ratio of 17.06, a price-to-earnings-growth ratio of 0.87 and a beta of 1.71.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Investors of record on Wednesday, January 3rd will be paid a dividend of $0.25 per share. This is a boost from Raymond James Financial’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.13%. Raymond James Financial’s payout ratio is 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.

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

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