Brandywine Global Investment Management LLC raised its stake in shares of Raymond James Financial, Inc. (NYSE:RJF - Free Report) by 14.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 123,843 shares of the financial services provider's stock after acquiring an additional 15,600 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.06% of Raymond James Financial worth $17,203,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Raymond James Financial by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 22,244,204 shares of the financial services provider's stock valued at $3,089,942,000 after acquiring an additional 347,916 shares during the period. Invesco Ltd. lifted its stake in Raymond James Financial by 19.1% during the 1st quarter. Invesco Ltd. now owns 2,901,435 shares of the financial services provider's stock valued at $403,038,000 after acquiring an additional 466,129 shares during the period. Earnest Partners LLC lifted its stake in Raymond James Financial by 1.0% during the 4th quarter. Earnest Partners LLC now owns 2,533,666 shares of the financial services provider's stock valued at $393,554,000 after acquiring an additional 24,195 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Raymond James Financial by 8.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,335,254 shares of the financial services provider's stock worth $324,390,000 after purchasing an additional 178,262 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Raymond James Financial by 18.4% in the 4th quarter. Northern Trust Corp now owns 2,107,218 shares of the financial services provider's stock worth $327,314,000 after purchasing an additional 327,739 shares during the period. Institutional investors own 83.83% of the company's stock.
Raymond James Financial Price Performance
RJF traded down $0.7190 during trading on Wednesday, reaching $163.4610. 424,871 shares of the company traded hands, compared to its average volume of 1,312,786. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.02 and a current ratio of 1.04. Raymond James Financial, Inc. has a 12-month low of $113.91 and a 12-month high of $174.32. The firm has a fifty day simple moving average of $158.92 and a 200 day simple moving average of $150.01. The company has a market cap of $32.59 billion, a P/E ratio of 16.03, a PEG ratio of 1.35 and a beta of 1.05.
Raymond James Financial (NYSE:RJF - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $2.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.36 by ($0.18). Raymond James Financial had a net margin of 13.56% and a return on equity of 18.38%. The company had revenue of $3.40 billion for the quarter, compared to analysts' expectations of $3.38 billion. During the same period last year, the business earned $2.39 earnings per share. The company's quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities analysts forecast that Raymond James Financial, Inc. will post 11.17 EPS for the current year.
Insider Transactions at Raymond James Financial
In other Raymond James Financial news, insider Bella Loykhter Allaire sold 6,570 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $146.61, for a total transaction of $963,227.70. Following the completion of the sale, the insider directly owned 74,586 shares of the company's stock, valued at $10,935,053.46. This trade represents a 8.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
RJF has been the topic of several recent research reports. JMP Securities increased their price objective on shares of Raymond James Financial from $175.00 to $180.00 and gave the stock a "market outperform" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. increased their price objective on shares of Raymond James Financial from $151.00 to $172.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Wells Fargo & Company increased their price objective on shares of Raymond James Financial from $155.00 to $163.00 and gave the stock an "equal weight" rating in a research note on Friday, July 11th. Citigroup reiterated an "outperform" rating on shares of Raymond James Financial in a research note on Monday, July 14th. Finally, Bank of America cut shares of Raymond James Financial from a "buy" rating to a "neutral" rating and set a $159.00 price objective on the stock. in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, Raymond James Financial has an average rating of "Hold" and an average target price of $163.80.
View Our Latest Stock Report on Raymond James Financial
About Raymond James Financial
(
Free Report)
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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