OMERS ADMINISTRATION Corp Makes New $4.09 Million Investment in Raymond James Financial, Inc. $RJF

OMERS ADMINISTRATION Corp acquired a new position in Raymond James Financial, Inc. (NYSE:RJF - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 26,900 shares of the financial services provider's stock, valued at approximately $4,090,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Empowered Funds LLC increased its stake in shares of Raymond James Financial by 8.2% in the 1st quarter. Empowered Funds LLC now owns 4,142 shares of the financial services provider's stock valued at $573,000 after acquiring an additional 314 shares in the last quarter. Woodline Partners LP grew its holdings in Raymond James Financial by 41.8% in the first quarter. Woodline Partners LP now owns 15,580 shares of the financial services provider's stock worth $2,164,000 after purchasing an additional 4,592 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Raymond James Financial by 137.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,184 shares of the financial services provider's stock worth $182,000 after purchasing an additional 685 shares during the period. Brown Advisory Inc. increased its stake in Raymond James Financial by 15.1% in the second quarter. Brown Advisory Inc. now owns 2,268 shares of the financial services provider's stock valued at $348,000 after purchasing an additional 298 shares in the last quarter. Finally, Cresset Asset Management LLC bought a new stake in Raymond James Financial in the second quarter valued at $363,000. 83.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Raymond James Financial

In other Raymond James Financial news, insider Tashtego S. Elwyn sold 10,000 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $176.06, for a total transaction of $1,760,600.00. Following the completion of the transaction, the insider directly owned 45,114 shares of the company's stock, valued at approximately $7,942,770.84. This represents a 18.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven M. Raney sold 5,770 shares of the firm's stock in a transaction on Monday, July 27th. The stock was sold at an average price of $172.97, for a total value of $998,036.90. Following the completion of the sale, the insider directly owned 43,046 shares of the company's stock, valued at $7,445,666.62. This represents a 11.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.58% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on RJF. Argus raised their target price on Raymond James Financial from $178.00 to $196.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. UBS Group set a $184.00 price target on Raymond James Financial and gave the stock a "neutral" rating in a research note on Monday, July 27th. Citigroup reiterated a "market outperform" rating on shares of Raymond James Financial in a report on Thursday, July 23rd. TD Cowen reduced their price objective on Raymond James Financial from $162.00 to $161.00 and set a "hold" rating for the company in a research note on Thursday, July 23rd. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Raymond James Financial in a report on Monday, August 17th. Five investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $181.00.

Raymond James Financial Stock Performance

Shares of Raymond James Financial stock opened at $174.92 on Wednesday. The firm has a market capitalization of $33.65 billion, a P/E ratio of 15.25, a price-to-earnings-growth ratio of 1.08 and a beta of 0.92. Raymond James Financial, Inc. has a 12 month low of $138.82 and a 12 month high of $182.73. The company has a current ratio of 1.06, a quick ratio of 1.03 and a debt-to-equity ratio of 0.43. The business's fifty day simple moving average is $169.03 and its 200 day simple moving average is $157.87.

Raymond James Financial (NYSE:RJF - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $3.14 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.23. The company had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.87 billion. Raymond James Financial had a net margin of 13.57% and a return on equity of 19.07%. The firm's revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.18 earnings per share. As a group, analysts anticipate that Raymond James Financial, Inc. will post 12.07 EPS for the current year.

About Raymond James Financial

Raymond James Financial is a diversified financial services firm headquartered in St. Petersburg, Florida. Founded in 1962, the company provides a range of services to individual investors, businesses and institutions through a combination of wealth management, capital markets, investment banking, asset management, banking and trust services. Its business model centers on a network of financial advisors and broker-dealer operations that deliver personalized financial planning, investment advisory services and brokerage solutions.

The firm's core offerings include private client wealth management delivered by independent and employee advisors, equity and fixed-income research, institutional sales and trading, and investment banking services such as mergers and acquisitions advisory and capital raising.

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