Shares of Raymond James Financial, Inc. (NYSE:RJF) fell 5.5% during trading on Thursday . The company traded as low as $86.02 and last traded at $86.06. 1,214,453 shares changed hands during mid-day trading, an increase of 25% from the average session volume of 970,291 shares. The stock had previously closed at $91.05.

A number of brokerages have recently commented on RJF. Credit Suisse Group reiterated a “hold” rating and issued a $99.00 price target on shares of Raymond James Financial in a research note on Friday, January 26th. Buckingham Research lifted their price target on shares of Raymond James Financial from $113.00 to $117.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $102.00 price target on shares of Raymond James Financial in a research note on Thursday, January 25th. Finally, Wells Fargo & Co reiterated an “outperform” rating and issued a $110.00 price target (up from $94.00) on shares of Raymond James Financial in a research note on Thursday, January 4th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Raymond James Financial has a consensus rating of “Buy” and an average target price of $99.29.

The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.14 and a current ratio of 1.16. The company has a market cap of $13,269.98, a PE ratio of 20.89, a PEG ratio of 0.78 and a beta of 1.63.

Raymond James Financial (NYSE:RJF) last announced its earnings results on Wednesday, January 24th. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.19. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.73 billion. Raymond James Financial had a net margin of 9.00% and a return on equity of 15.07%. The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.07 earnings per share. equities analysts anticipate that Raymond James Financial, Inc. will post 6.89 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 17th. Investors of record on Wednesday, January 3rd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.16%. 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 payout ratio is 24.27%.

In related news, Vice Chairman Francis S. Godbold sold 45,000 shares of the business’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 transaction of $3,847,950.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP George Catanese sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were 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 of the company’s stock, valued at $571,837.14. The disclosure for this sale can be found here. Insiders have sold 325,479 shares of company stock valued at $28,161,533 over the last 90 days. 10.46% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Toronto Dominion Bank boosted its position in shares of Raymond James Financial by 12.2% in the third quarter. Toronto Dominion Bank now owns 48,731 shares of the financial services provider’s stock worth $4,110,000 after purchasing an additional 5,295 shares during the period. Janus Henderson Group PLC boosted its position in shares of Raymond James Financial by 188.1% in the second quarter. Janus Henderson Group PLC now owns 1,206,006 shares of the financial services provider’s stock worth $96,746,000 after purchasing an additional 787,396 shares during the period. Cookson Peirce & Co. Inc. boosted its position in shares of Raymond James Financial by 4.0% in the second quarter. Cookson Peirce & Co. Inc. now owns 102,890 shares of the financial services provider’s stock worth $8,254,000 after purchasing an additional 3,950 shares during the period. Jaffetilchin Investment Partners LLC boosted its position in shares of Raymond James Financial by 219.7% in the third quarter. Jaffetilchin Investment Partners LLC now owns 11,051 shares of the financial services provider’s stock worth $932,000 after purchasing an additional 7,594 shares during the period. Finally, GSA Capital Partners LLP boosted its position in shares of Raymond James Financial by 42.8% in the second quarter. GSA Capital Partners LLP now owns 5,158 shares of the financial services provider’s stock worth $414,000 after purchasing an additional 1,545 shares during the period. Institutional investors and hedge funds own 69.36% 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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