Aperio Group LLC increased its position in Raymond James (NYSE:RJF) by 3.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,566 shares of the financial services provider’s stock after buying an additional 2,189 shares during the period. Aperio Group LLC’s holdings in Raymond James were worth $6,404,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its position in shares of Raymond James by 7.7% in the second quarter. Wells Fargo & Company MN now owns 4,521,398 shares of the financial services provider’s stock worth $403,986,000 after buying an additional 322,014 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Raymond James by 51.0% in the second quarter. Bank of New York Mellon Corp now owns 1,877,559 shares of the financial services provider’s stock worth $167,759,000 after buying an additional 634,378 shares in the last quarter. FMR LLC lifted its position in shares of Raymond James by 30.0% in the second quarter. FMR LLC now owns 959,737 shares of the financial services provider’s stock worth $85,753,000 after buying an additional 221,379 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Raymond James by 0.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 867,128 shares of the financial services provider’s stock worth $77,478,000 after buying an additional 3,380 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Raymond James by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 737,889 shares of the financial services provider’s stock worth $65,937,000 after buying an additional 2,883 shares in the last quarter. Institutional investors own 71.41% of the company’s stock.
In related news, insider Tashtego S. Elwyn acquired 1,500 shares of the firm’s stock in a transaction on Monday, October 29th. The shares were acquired at an average cost of $73.75 per share, for a total transaction of $110,625.00. Following the completion of the transaction, the insider now directly owns 12,055 shares in the company, valued at approximately $889,056.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President John C. Jr. Carson sold 5,698 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $92.66, for a total value of $527,976.68. The disclosure for this sale can be found here. Corporate insiders own 10.46% of the company’s stock.
Raymond James (NYSE:RJF) last issued its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.13). Raymond James had a net margin of 11.46% and a return on equity of 15.99%. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.91 billion. On average, equities research analysts anticipate that Raymond James will post 7.55 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Monday, October 1st were given a dividend of $0.30 per share. The ex-dividend date was Friday, September 28th. This represents a $1.20 dividend on an annualized basis and a yield of 1.62%. Raymond James’s dividend payout ratio (DPR) is presently 18.55%.
A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded Raymond James from a “sell” rating to a “hold” rating in a research report on Tuesday, July 3rd. Buckingham Research decreased their target price on Raymond James from $117.00 to $111.00 and set a “buy” rating on the stock in a research report on Friday, October 26th. Wells Fargo & Co decreased their target price on Raymond James from $111.00 to $96.00 and set an “outperform” rating on the stock in a research report on Friday, October 26th. Citigroup upgraded Raymond James from a “neutral” rating to a “buy” rating in a research report on Friday, July 13th. Finally, Wolfe Research assumed coverage on Raymond James in a research report on Tuesday, September 25th. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. Raymond James presently has an average rating of “Hold” and a consensus target price of $104.00.
Raymond James Profile
Raymond James Financial, Inc, a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments.
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