Frontier Capital Management Co. LLC cut its stake in shares of Raymond James Financial, Inc. (NYSE:RJF) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,768,965 shares of the financial services provider’s stock after selling 126,062 shares during the quarter. Raymond James Financial makes up 1.2% of Frontier Capital Management Co. LLC’s portfolio, making the stock its 5th largest holding. Frontier Capital Management Co. LLC’s holdings in Raymond James Financial were worth $157,969,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of RJF. YorkBridge Wealth Partners LLC grew its holdings in shares of Raymond James Financial by 4.9% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,413 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 66 shares during the last quarter. Noesis Capital Mangement Corp bought a new position in shares of Raymond James Financial during the third quarter valued at approximately $210,000. Sterling Capital Management LLC bought a new position in shares of Raymond James Financial during the third quarter valued at approximately $219,000. Visionary Asset Management Inc. bought a new position in shares of Raymond James Financial during the third quarter valued at approximately $220,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Raymond James Financial by 37.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,921 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 798 shares during the last quarter. 69.31% of the stock is owned by institutional investors.

Several research firms have recently commented on RJF. Credit Suisse Group reaffirmed an “underperform” rating and set a $95.00 target price (up from $82.00) on shares of Raymond James Financial in a report on Tuesday. Wells Fargo & Co reissued an “outperform” rating and issued a $110.00 price objective (up from $94.00) on shares of Raymond James Financial in a report on Thursday, January 4th. Buckingham Research increased their price objective on Raymond James Financial from $92.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $85.00 price objective on shares of Raymond James Financial in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Raymond James Financial currently has an average rating of “Buy” and an average target price of $93.29.

Shares of Raymond James Financial, Inc. (RJF) traded up $0.65 during mid-day trading on Thursday, reaching $96.25. The company had a trading volume of 715,800 shares, compared to its average volume of 1,025,945. Raymond James Financial, Inc. has a 1-year low of $70.74 and a 1-year high of $97.83. The company has a market cap of $13,780.00, a price-to-earnings ratio of 22.28, a price-to-earnings-growth ratio of 0.83 and a beta of 1.71. 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 data on Wednesday, October 25th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.15. Raymond James Financial had a return on equity of 13.75% and a net margin of 9.75%. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the company posted $1.28 EPS. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. sell-side analysts forecast that Raymond James Financial, Inc. will post 6.78 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 17th. Investors of record on Wednesday, January 3rd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.04%. This is a positive change from Raymond James Financial’s previous quarterly dividend of $0.22. The ex-dividend date was Tuesday, January 2nd. Raymond James Financial’s dividend payout ratio is 23.15%.

In other Raymond James Financial news, SVP George Catanese sold 506 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $88.29, for a total value of $44,674.74. Following the completion of the sale, the senior vice president now directly owns 5,884 shares in the company, valued at $519,498.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Steven M. Raney sold 9,890 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $88.95, for a total value of $879,715.50. The disclosure for this sale can be found here. Insiders sold a total of 318,204 shares of company stock valued at $27,453,239 over the last three months. Corporate insiders own 10.46% of the company’s stock.

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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.

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

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