Raymond James Financial, Inc. (NYSE:RJF) Stock Holdings Lifted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Raymond James Financial, Inc. (NYSE:RJF - Free Report) by 189.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,186 shares of the financial services provider's stock after purchasing an additional 123,860 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.09% of Raymond James Financial worth $26,280,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RJF. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Raymond James Financial in the first quarter valued at about $25,000. Alpine Bank Wealth Management bought a new stake in shares of Raymond James Financial during the 1st quarter worth about $27,000. Golden State Wealth Management LLC boosted its stake in shares of Raymond James Financial by 164.0% during the 1st quarter. Golden State Wealth Management LLC now owns 198 shares of the financial services provider's stock worth $28,000 after acquiring an additional 123 shares in the last quarter. Olde Wealth Management LLC bought a new stake in shares of Raymond James Financial during the 1st quarter worth about $33,000. Finally, Larson Financial Group LLC boosted its stake in shares of 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 acquiring an additional 255 shares in the last quarter. Hedge funds and other institutional investors own 83.83% of the company's stock.

Raymond James Financial Trading Down 0.7%

Raymond James Financial stock opened at $167.28 on Tuesday. The business has a 50 day moving average price of $152.90 and a two-hundred day moving average price of $150.07. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.32. The stock has a market cap of $33.75 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 1.40 and a beta of 1.02. Raymond James Financial, Inc. has a 12 month low of $104.24 and a 12 month high of $174.32.

Raymond James Financial (NYSE:RJF - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $2.18 EPS for the quarter, missing the consensus estimate of $2.36 by ($0.18). The firm had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.38 billion. Raymond James Financial had a net margin of 13.56% and a return on equity of 18.50%. The company's revenue was up 5.3% on a year-over-year basis. During the same period last year, the company earned $2.39 EPS. As a group, equities analysts forecast that Raymond James Financial, Inc. will post 11.17 EPS for the current year.

Raymond James Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were issued a $0.50 dividend. The ex-dividend date was Tuesday, July 1st. This represents a $2.00 annualized dividend and a yield of 1.20%. Raymond James Financial's dividend payout ratio (DPR) is 19.61%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RJF. JPMorgan Chase & Co. upped their price target on Raymond James Financial from $151.00 to $172.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. JMP Securities upped their price target on 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. Morgan Stanley upped their price target on Raymond James Financial from $136.00 to $180.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. The Goldman Sachs Group decreased their price target 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. Finally, Keefe, Bruyette & Woods boosted their price objective on Raymond James Financial from $167.00 to $170.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Nine research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $163.80.

Insider Buying and Selling

In other Raymond James Financial news, insider Bella Loykhter Allaire sold 6,570 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $146.61, for a total value of $963,227.70. Following the completion of the transaction, the insider owned 74,586 shares of the company's stock, valued at $10,935,053.46. This represents a 8.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.54% of the stock is currently owned by company 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.

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