Raymond James Financial, Inc. $RJF Shares Bought by Amundi

Amundi lifted its holdings in shares of Raymond James Financial, Inc. (NYSE:RJF - Free Report) by 14.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 401,301 shares of the financial services provider's stock after acquiring an additional 50,092 shares during the quarter. Amundi owned 0.21% of Raymond James Financial worth $58,104,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Norges Bank acquired a new stake in Raymond James Financial during the 4th quarter valued at approximately $324,263,000. First Trust Advisors LP grew its position in shares of Raymond James Financial by 18.3% during the fourth quarter. First Trust Advisors LP now owns 3,071,996 shares of the financial services provider's stock worth $493,332,000 after buying an additional 474,477 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Raymond James Financial during the fourth quarter worth approximately $64,640,000. AQR Capital Management LLC increased its stake in shares of Raymond James Financial by 40.0% in the fourth quarter. AQR Capital Management LLC now owns 1,096,731 shares of the financial services provider's stock worth $176,124,000 after buying an additional 313,587 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in shares of Raymond James Financial by 7,823.8% in the third quarter. Balyasny Asset Management L.P. now owns 288,583 shares of the financial services provider's stock worth $49,809,000 after buying an additional 284,941 shares during the last quarter. Institutional investors and hedge funds own 83.83% of the company's stock.

Analyst Upgrades and Downgrades

RJF has been the topic of a number of research analyst reports. Barclays increased their price objective on shares of Raymond James Financial from $192.00 to $196.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Citizens Jmp upped their target price on shares of Raymond James Financial from $200.00 to $205.00 and gave the company a "market outperform" rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. increased their price target on shares of Raymond James Financial from $175.00 to $179.00 and gave the stock a "neutral" rating in a research report on Thursday, July 23rd. 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. Finally, TD Cowen lowered their price objective on Raymond James Financial from $162.00 to $161.00 and set a "hold" rating for the company in a report on Thursday, July 23rd. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $181.00.

Raymond James Financial Trading Up 0.1%

NYSE RJF opened at $176.12 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.05 and a current ratio of 1.07. Raymond James Financial, Inc. has a one year low of $138.82 and a one year high of $178.28. The company has a 50-day simple moving average of $159.33 and a 200-day simple moving average of $156.79. The firm has a market capitalization of $34.32 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 1.08 and a beta of 0.92.

Raymond James Financial (NYSE:RJF - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $3.14 earnings per share for the quarter, topping the consensus estimate of $2.91 by $0.23. Raymond James Financial had a net margin of 13.57% and a return on equity of 19.17%. The firm had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same quarter in the prior year, the business earned $2.18 earnings per share. Raymond James Financial's quarterly revenue was up 15.6% on a year-over-year basis. On average, equities analysts forecast that Raymond James Financial, Inc. will post 12.07 earnings per share for the current year.

Raymond James Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $2.16 annualized dividend and a dividend yield of 1.2%. Raymond James Financial's payout ratio is 18.83%.

Insider Buying and Selling at Raymond James Financial

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

Raymond James Financial Company Profile

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.

Want to see what other hedge funds are holding RJF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Raymond James Financial, Inc. (NYSE:RJF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.