32,510 Shares in Raymond James Financial, Inc. $RJF Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in Raymond James Financial, Inc. (NYSE:RJF) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 32,510 shares of the financial services provider’s stock, valued at approximately $4,942,000.

A number of other hedge funds have also added to or reduced their stakes in RJF. Empowered Funds LLC increased its position in shares of Raymond James Financial by 8.2% during the first quarter. Empowered Funds LLC now owns 4,142 shares of the financial services provider’s stock worth $573,000 after acquiring an additional 314 shares during the period. Woodline Partners LP boosted its holdings in shares of 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 valued at $2,164,000 after purchasing an additional 4,592 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 valued at $182,000 after purchasing an additional 685 shares during the period. Brown Advisory Inc. grew 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 worth $348,000 after purchasing an additional 298 shares in the last quarter. Finally, Cresset Asset Management LLC bought a new position in Raymond James Financial in the second quarter worth approximately $363,000. 83.83% of the stock is currently owned by institutional investors.

Raymond James Financial Stock Up 1.8%

Raymond James Financial stock opened at $175.37 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.06 and a debt-to-equity ratio of 0.43. The firm has a market cap of $33.73 billion, a P/E ratio of 15.29, a P/E/G ratio of 1.07 and a beta of 0.92. The business has a fifty day moving average of $168.25 and a two-hundred day moving average of $157.82. Raymond James Financial, Inc. has a twelve month low of $138.82 and a twelve month high of $182.73.

Raymond James Financial (NYSE:RJF) last announced its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.91 by $0.23. The business had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.87 billion. Raymond James Financial had a return on equity of 19.07% and a net margin of 13.57%.The business’s revenue was up 15.6% compared to the same quarter last year. During the same period last year, the business posted $2.18 EPS. On average, analysts forecast that Raymond James Financial, Inc. will post 12.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on RJF shares. BMO Capital Markets reaffirmed a “market perform” rating and set a $175.00 target price (up from $160.00) on shares of Raymond James Financial in a research report on Thursday, July 23rd. JPMorgan Chase & Co. increased their price target on Raymond James Financial from $175.00 to $179.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Morgan Stanley raised their price target on Raymond James Financial from $172.00 to $174.00 and gave the company an “equal weight” rating in a research note on Friday, July 10th. Argus lifted their price objective on Raymond James Financial from $178.00 to $196.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Barclays upped their price objective on shares of Raymond James Financial from $192.00 to $196.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Five research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $181.00.

Insider Transactions at Raymond James Financial

In other Raymond James Financial news, insider Steven M. Raney sold 5,770 shares of the business’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 directly owned 43,046 shares in the company, valued at approximately $7,445,666.62. The trade was a 11.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Tashtego S. Elwyn sold 10,000 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $176.06, for a total transaction of $1,760,600.00. Following the sale, the insider directly owned 45,114 shares of the company’s stock, valued at approximately $7,942,770.84. The trade was a 18.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.58% of the stock is owned by company insiders.

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.