Advisors Asset Management Inc. Has $391,000 Holdings in Raymond James Financial, Inc. (RJF)

Advisors Asset Management Inc. decreased its position in Raymond James Financial, Inc. (NYSE:RJF) by 84.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,635 shares of the financial services provider’s stock after selling 24,245 shares during the period. Advisors Asset Management Inc.’s holdings in Raymond James Financial were worth $391,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Raymond James Financial by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 12,891,297 shares of the financial services provider’s stock worth $1,034,139,000 after buying an additional 319,457 shares during the period. Boston Partners boosted its holdings in Raymond James Financial by 0.6% in the 3rd quarter. Boston Partners now owns 5,312,709 shares of the financial services provider’s stock worth $448,021,000 after buying an additional 30,481 shares during the period. Wells Fargo & Company MN boosted its holdings in Raymond James Financial by 25.1% in the 2nd quarter. Wells Fargo & Company MN now owns 3,198,757 shares of the financial services provider’s stock worth $256,605,000 after buying an additional 642,474 shares during the period. Northern Trust Corp boosted its holdings in Raymond James Financial by 0.7% in the 2nd quarter. Northern Trust Corp now owns 1,461,795 shares of the financial services provider’s stock worth $117,266,000 after buying an additional 10,794 shares during the period. Finally, BT Investment Management Ltd boosted its holdings in Raymond James Financial by 0.7% in the 3rd quarter. BT Investment Management Ltd now owns 1,240,326 shares of the financial services provider’s stock worth $104,597,000 after buying an additional 9,053 shares during the period. Hedge funds and other institutional investors own 69.86% of the company’s stock.

Several brokerages have commented on RJF. Credit Suisse Group began coverage on shares of Raymond James Financial in a report on Thursday, November 30th. They issued an “underperform” rating and a $82.00 price target for the company. Buckingham Research raised their price target on shares of Raymond James Financial from $92.00 to $96.00 and gave the company a “buy” rating in a report on Friday, October 27th. 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. Wells Fargo & Company raised shares of Raymond James Financial from a “market perform” rating to an “outperform” rating and raised their price target for the company from $86.00 to $90.00 in a report on Thursday, September 14th. Finally, Zacks Investment Research raised shares of Raymond James Financial from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. Raymond James Financial presently has an average rating of “Buy” and an average price target of $88.57.

In related news, 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 value of $17,196,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP George Catanese sold 2,000 shares of Raymond James Financial stock in a transaction 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 completion of the transaction, the senior vice president now owns 6,678 shares in the company, valued at approximately $571,837.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 280,812 shares of company stock worth $24,145,735. Corporate insiders own 11.18% of the company’s stock.

Raymond James Financial, Inc. (NYSE RJF) traded down $0.60 during trading on Thursday, hitting $87.72. 528,300 shares of the stock traded hands, compared to its average volume of 783,044. 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 stock has a market cap of $12,753.45, a PE ratio of 17.39, a P/E/G ratio of 0.88 and a beta of 1.71. Raymond James Financial, Inc. has a 12-month low of $68.97 and a 12-month high of $91.29.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Wednesday, January 3rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.14%. This is a boost from Raymond James Financial’s previous quarterly dividend of $0.22. Raymond James Financial’s dividend payout ratio (DPR) 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.

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

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