Charles Schwab Investment Management Inc. Has $154.32 Million Holdings in Raymond James Financial, Inc. (NYSE:RJF)

Charles Schwab Investment Management Inc. increased its holdings in shares of Raymond James Financial, Inc. (NYSE:RJF - Free Report) by 3.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,110,906 shares of the financial services provider's stock after buying an additional 32,740 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.54% of Raymond James Financial worth $154,316,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RJF. Formidable Asset Management LLC raised its position in shares of Raymond James Financial by 0.9% during the fourth quarter. Formidable Asset Management LLC now owns 7,901 shares of the financial services provider's stock worth $1,227,000 after purchasing an additional 67 shares during the period. Venturi Wealth Management LLC increased its stake in Raymond James Financial by 2.2% during the 1st quarter. Venturi Wealth Management LLC now owns 3,318 shares of the financial services provider's stock worth $461,000 after purchasing an additional 73 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Raymond James Financial by 9.0% during the 1st quarter. Farther Finance Advisors LLC now owns 994 shares of the financial services provider's stock worth $137,000 after buying an additional 82 shares during the period. Dynasty Wealth Management LLC lifted its stake in Raymond James Financial by 4.9% in the first quarter. Dynasty Wealth Management LLC now owns 2,017 shares of the financial services provider's stock valued at $280,000 after buying an additional 94 shares in the last quarter. Finally, Brighton Jones LLC lifted its stake in Raymond James Financial by 3.6% in the first quarter. Brighton Jones LLC now owns 2,862 shares of the financial services provider's stock valued at $398,000 after buying an additional 100 shares in the last quarter. 83.83% of the stock is currently owned by institutional investors.

Raymond James Financial Stock Performance

Shares of RJF stock traded up $3.53 on Tuesday, reaching $168.45. The stock had a trading volume of 649,525 shares, compared to its average volume of 1,080,110. Raymond James Financial, Inc. has a 12 month low of $110.06 and a 12 month high of $174.32. The firm has a market capitalization of $33.58 billion, a price-to-earnings ratio of 16.51, a P/E/G ratio of 1.35 and a beta of 1.05. The firm's 50-day moving average is $157.10 and its two-hundred day moving average is $150.23. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.33.

Raymond James Financial (NYSE:RJF - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $2.18 earnings per share for the quarter, missing analysts' consensus estimates of $2.36 by ($0.18). The business had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.38 billion. Raymond James Financial had a return on equity of 18.38% and a net margin of 13.56%. Raymond James Financial's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm earned $2.39 EPS. On average, research analysts expect that Raymond James Financial, Inc. will post 11.17 EPS for the current fiscal year.

Raymond James Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, July 1st. Raymond James Financial's dividend payout ratio is 19.61%.

Analysts Set New Price Targets

RJF has been the subject of several research reports. Cowen reissued a "hold" rating on shares of Raymond James Financial in a research report on Thursday, April 24th. Wells Fargo & Company upped their target price 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 reissued an "outperform" rating on shares of Raymond James Financial in a research note on Monday, July 14th. JPMorgan Chase & Co. upped their price objective on Raymond James Financial from $151.00 to $172.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, JMP Securities increased their price objective on Raymond James Financial from $175.00 to $180.00 and gave the stock a "market outperform" rating in a report on Monday, July 14th. Nine equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $163.80.

Insider Transactions at Raymond James Financial

In other Raymond James Financial news, insider Bella Loykhter Allaire sold 6,570 shares of Raymond James Financial stock in a transaction 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 transaction, the insider directly owned 74,586 shares of the company's stock, valued at $10,935,053.46. The trade was a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.54% of the stock is owned by corporate insiders.

About Raymond James Financial

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.