Y Intercept Hong Kong Ltd Has $1.39 Million Stock Holdings in Raymond James Financial, Inc. (NYSE:RJF)

Y Intercept Hong Kong Ltd increased its position in shares of Raymond James Financial, Inc. (NYSE:RJF - Free Report) by 67.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,993 shares of the financial services provider's stock after buying an additional 4,027 shares during the period. Y Intercept Hong Kong Ltd's holdings in Raymond James Financial were worth $1,388,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Raymond James Financial in the 1st quarter valued at $25,000. Alpine Bank Wealth Management acquired a new position in Raymond James Financial in the first quarter valued at about $27,000. Golden State Wealth Management LLC boosted its position in shares of Raymond James Financial by 164.0% during the first quarter. Golden State Wealth Management LLC now owns 198 shares of the financial services provider's stock worth $28,000 after buying an additional 123 shares during the period. Olde Wealth Management LLC acquired a new position in Raymond James Financial in the 1st quarter valued at about $33,000. Finally, Larson Financial Group LLC increased its stake in Raymond James Financial by 364.3% during the 1st quarter. Larson Financial Group LLC now owns 325 shares of the financial services provider's stock worth $45,000 after buying an additional 255 shares during the period. Hedge funds and other institutional investors own 83.83% of the company's stock.

Raymond James Financial Stock Up 1.0%

Shares of NYSE RJF traded up $1.60 during mid-day trading on Friday, reaching $168.44. 1,086,787 shares of the company traded hands, compared to its average volume of 1,134,046. The company's fifty day moving average is $152.63 and its two-hundred day moving average is $150.05. Raymond James Financial, Inc. has a fifty-two week low of $104.24 and a fifty-two week high of $174.32. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.02 and a current ratio of 1.04. The stock has a market cap of $33.99 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 1.40 and a beta of 1.02.

Raymond James Financial (NYSE:RJF - Get Free Report) last released its 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 firm 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 18.50% and a net margin of 13.56%. The firm's revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.39 EPS. On average, analysts expect that Raymond James Financial, Inc. will post 11.17 earnings per share for the current year.

Raymond James Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were given a $0.50 dividend. The ex-dividend date was Tuesday, July 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.19%. Raymond James Financial's dividend payout ratio is 19.61%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on RJF. Morgan Stanley raised their price objective on shares of Raymond James Financial from $136.00 to $180.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. The Goldman Sachs Group reduced their price objective on Raymond James Financial from $198.00 to $173.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Citigroup reissued an "outperform" rating on shares of Raymond James Financial in a report on Monday, July 14th. Cowen reaffirmed a "hold" rating on shares of Raymond James Financial in a report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Raymond James Financial from $167.00 to $170.00 and gave the company a "market perform" rating in a research note on Thursday. Nine equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $163.80.

Insider Buying and Selling at Raymond James Financial

In other news, insider Bella Loykhter Allaire sold 6,570 shares of the company's stock in a transaction dated 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 owned 74,586 shares of the company's stock, valued at approximately $10,935,053.46. This represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James E. Bunn sold 3,650 shares of Raymond James Financial stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $136.49, for a total value of $498,188.50. Following the sale, the insider directly owned 78,227 shares in the company, valued at approximately $10,677,203.23. This trade represents a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.54% of the company's stock.

Raymond James Financial 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.