TD Asset Management Inc Sells 35,845 Shares of Raymond James Financial, Inc. $RJF

TD Asset Management Inc reduced its position in Raymond James Financial, Inc. (NYSE:RJF - Free Report) by 8.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 377,388 shares of the financial services provider's stock after selling 35,845 shares during the quarter. TD Asset Management Inc owned about 0.19% of Raymond James Financial worth $57,880,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of RJF. Alpine Bank Wealth Management bought a new position in Raymond James Financial in the 1st quarter valued at $27,000. Golden State Wealth Management LLC boosted its stake in 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 valued at $28,000 after buying an additional 123 shares during the period. Olde Wealth Management LLC purchased a new position in Raymond James Financial during the first quarter worth about $33,000. TCTC Holdings LLC grew its position in Raymond James Financial by 72.9% during the first quarter. TCTC Holdings LLC now owns 287 shares of the financial services provider's stock worth $40,000 after buying an additional 121 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Raymond James Financial by 364.3% in the 1st quarter. Larson Financial Group LLC now owns 325 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 255 shares in the last quarter. Institutional investors own 83.83% of the company's stock.

Raymond James Financial Stock Performance

NYSE RJF opened at $163.63 on Thursday. The company has a 50-day simple moving average of $167.51 and a two-hundred day simple moving average of $154.82. Raymond James Financial, Inc. has a 12-month low of $117.57 and a 12-month high of $177.66. The firm has a market cap of $32.62 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 1.24 and a beta of 1.03. 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 released its quarterly earnings data 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 company had revenue of $3.40 billion during the quarter, compared to analysts' expectations of $3.38 billion. Raymond James Financial had a return on equity of 18.38% and a net margin of 13.56%.The firm's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.39 EPS. On average, equities analysts forecast that Raymond James Financial, Inc. will post 11.17 EPS for the current year.

Raymond James Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st were given a $0.50 dividend. The ex-dividend date was Wednesday, October 1st. This represents a $2.00 annualized dividend and a yield of 1.2%. Raymond James Financial's payout ratio is presently 19.61%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. JMP Securities boosted their price objective on Raymond James Financial from $180.00 to $185.00 and gave the stock a "market outperform" rating in a report on Thursday, October 9th. Wells Fargo & Company boosted their price target 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. Weiss Ratings reissued a "hold (c+)" rating on shares of Raymond James Financial in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on shares of Raymond James Financial from $172.00 to $178.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 7th. Finally, Morgan Stanley raised their price target on Raymond James Financial from $176.00 to $184.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $172.20.

Raymond James Financial Company 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.

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