Quantbot Technologies LP Sells 14,563 Shares of Raymond James Financial, Inc. $RJF

Quantbot Technologies LP lowered its holdings in Raymond James Financial, Inc. (NYSE:RJF) by 47.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,210 shares of the financial services provider’s stock after selling 14,563 shares during the period. Quantbot Technologies LP’s holdings in Raymond James Financial were worth $2,486,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Waterloo Capital L.P. raised its holdings in Raymond James Financial by 2.0% during the 2nd quarter. Waterloo Capital L.P. now owns 3,302 shares of the financial services provider’s stock valued at $506,000 after acquiring an additional 64 shares during the period. Level Four Advisory Services LLC raised its stake in shares of Raymond James Financial by 2.4% during the 2nd quarter. Level Four Advisory Services LLC now owns 2,880 shares of the financial services provider’s stock valued at $442,000 after purchasing an additional 67 shares during the period. Capital Investment Advisors LLC lifted its holdings in Raymond James Financial by 0.9% during the 2nd quarter. Capital Investment Advisors LLC now owns 7,629 shares of the financial services provider’s stock worth $1,170,000 after purchasing an additional 68 shares in the last quarter. EP Wealth Advisors LLC boosted its stake in Raymond James Financial by 5.5% in the 1st quarter. EP Wealth Advisors LLC now owns 1,506 shares of the financial services provider’s stock worth $209,000 after purchasing an additional 78 shares during the period. Finally, Tectonic Advisors LLC grew its holdings in Raymond James Financial by 2.6% during the 2nd quarter. Tectonic Advisors LLC now owns 3,199 shares of the financial services provider’s stock valued at $491,000 after buying an additional 80 shares in the last quarter. 83.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Citigroup restated an “outperform” rating on shares of Raymond James Financial in a research report on Thursday, October 9th. Cowen reissued a “hold” rating on shares of Raymond James Financial in a report on Thursday, October 23rd. BMO Capital Markets upped their price target on shares of Raymond James Financial from $180.00 to $182.00 and gave the stock a “market perform” rating in a report on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Raymond James Financial in a research report on Wednesday, October 8th. Finally, TD Cowen boosted their target price on Raymond James Financial from $175.00 to $180.00 and gave the stock a “hold” rating in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $177.20.

Raymond James Financial Stock Performance

NYSE RJF opened at $163.00 on Friday. Raymond James Financial, Inc. has a 52-week low of $117.57 and a 52-week high of $177.66. The company has a fifty day moving average of $161.09 and a 200-day moving average of $160.32. The company has a market capitalization of $32.06 billion, a P/E ratio of 15.84, a P/E/G ratio of 1.21 and a beta of 0.99. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.07.

Raymond James Financial (NYSE:RJF) last issued its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.28. Raymond James Financial had a return on equity of 18.19% and a net margin of 13.42%.The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the previous year, the company posted $2.95 earnings per share. The company’s revenue was up 7.7% compared to the same quarter last year. As a group, equities research analysts predict that Raymond James Financial, Inc. will post 11.17 EPS for the current fiscal year.

Raymond James Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 2nd will be paid a $0.54 dividend. This is an increase from Raymond James Financial’s previous quarterly dividend of $0.50. This represents a $2.16 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, January 2nd. Raymond James Financial’s payout ratio is currently 19.44%.

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.