2,491 Shares in Raymond James Financial, Inc. (RJF) Purchased by Noesis Capital Mangement Corp

Noesis Capital Mangement Corp acquired a new position in Raymond James Financial, Inc. (NYSE:RJF) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,491 shares of the financial services provider’s stock, valued at approximately $210,000.

Several other institutional investors also recently bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Raymond James Financial by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,523 shares of the financial services provider’s stock worth $764,000 after acquiring an additional 37 shares during the period. Sawtooth Solutions LLC lifted its stake in shares of Raymond James Financial by 2.1% in the second quarter. Sawtooth Solutions LLC now owns 3,067 shares of the financial services provider’s stock worth $246,000 after acquiring an additional 62 shares during the period. YorkBridge Wealth Partners LLC lifted its stake in shares of Raymond James Financial by 4.9% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,413 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 66 shares during the period. SPC Financial Inc. lifted its stake in Raymond James Financial by 1.3% in the second quarter. SPC Financial Inc. now owns 8,100 shares of the financial services provider’s stock valued at $650,000 after buying an additional 100 shares during the period. Finally, Louisiana State Employees Retirement System lifted its stake in Raymond James Financial by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 8,000 shares of the financial services provider’s stock valued at $642,000 after buying an additional 100 shares during the period. 69.03% of the stock is currently owned by institutional investors.

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RJF has been the topic of several recent analyst reports. Zacks Investment Research raised Raymond James Financial from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research note on Wednesday, August 30th. Wells Fargo & Company raised Raymond James Financial from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $86.00 to $90.00 in a research note on Thursday, September 14th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $85.00 price target on shares of Raymond James Financial in a research note on Tuesday, October 3rd. BidaskClub lowered Raymond James Financial from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Buckingham Research boosted their price target on Raymond James Financial from $92.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Raymond James Financial presently has an average rating of “Buy” and an average target price of $89.67.

Shares of Raymond James Financial, Inc. (NYSE:RJF) traded down $0.34 on Wednesday, reaching $83.03. The company’s stock had a trading volume of 667,500 shares, compared to its average volume of 786,458. Raymond James Financial, Inc. has a 12-month low of $68.97 and a 12-month high of $87.22. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.14 and a current ratio of 1.17. The firm has a market capitalization of $11,920.00, a price-to-earnings ratio of 16.41, a PEG ratio of 0.83 and a beta of 1.71.

Raymond James Financial (NYSE:RJF) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.15. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.67 billion. Raymond James Financial had a return on equity of 13.97% and a net margin of 9.75%. The company’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.28 earnings per share. equities research analysts expect that Raymond James Financial, Inc. will post 5.89 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 2nd were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 29th. This represents a $0.88 annualized dividend and a dividend yield of 1.06%. Raymond James Financial’s dividend payout ratio is 20.37%.

Raymond James Financial Profile

Raymond James Financial, Inc (RJF) is a financial holding company. The Company’s subsidiaries include Raymond James & Associates, Inc (RJ&A), Raymond James Financial Services, Inc (RJFS), Raymond James Financial Services Advisors, Inc (RJFSA), Raymond James Ltd. (RJ Ltd.), Eagle Asset Management, Inc (Eagle), and Raymond James Bank, N.A.

Institutional Ownership by Quarter for Raymond James Financial (NYSE:RJF)

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