FNY Partners Fund LP Has $240,000 Position in Raymond James Financial, Inc. (RJF)

FNY Partners Fund LP increased its position in shares of Raymond James Financial, Inc. (NYSE:RJF) by 3,103.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,003 shares of the financial services provider’s stock after acquiring an additional 3,103 shares during the period. FNY Partners Fund LP’s holdings in Raymond James Financial were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Raymond James Financial by 0.4% during the 2nd 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 in the last quarter. Sawtooth Solutions LLC boosted its position in shares of Raymond James Financial by 2.1% during the 2nd 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 in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Raymond James Financial by 1.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 8,000 shares of the financial services provider’s stock worth $642,000 after acquiring an additional 100 shares in the last quarter. SPC Financial Inc. boosted its position in shares of Raymond James Financial by 1.3% during the 2nd quarter. SPC Financial Inc. now owns 8,100 shares of the financial services provider’s stock worth $650,000 after acquiring an additional 100 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Raymond James Financial by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 31,800 shares of the financial services provider’s stock worth $2,551,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 70.03% of the company’s stock.

Several analysts recently issued reports on the stock. BidaskClub upgraded shares of Raymond James Financial from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $85.00 price target on shares of Raymond James Financial in a research report on Tuesday, August 29th. Zacks Investment Research lowered shares of Raymond James Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Instinet reduced their price target on shares of Raymond James Financial to $89.00 and set a “buy” rating on the stock in a research report on Thursday, May 25th. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $85.00 price target (up previously from $82.50) on shares of Raymond James Financial in a research report on Monday, June 12th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $88.50.

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Shares of Raymond James Financial, Inc. (RJF) traded up 1.19% during trading on Tuesday, reaching $78.01. 144,306 shares of the company traded hands. The stock has a market capitalization of $11.21 billion, a PE ratio of 18.55 and a beta of 1.66. The firm’s 50-day moving average is $80.14 and its 200-day moving average is $77.71. Raymond James Financial, Inc. has a 12-month low of $56.06 and a 12-month high of $85.97.

Raymond James Financial (NYSE:RJF) last released its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.26 EPS for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.02. Raymond James Financial had a net margin of 9.78% and a return on equity of 13.37%. The business had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the previous year, the company earned $0.93 EPS. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, equities analysts predict that Raymond James Financial, Inc. will post $5.07 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.14%. Raymond James Financial’s dividend payout ratio (DPR) is 20.90%.

In other news, CEO Paul C. Reilly sold 33,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $83.17, for a total value of $2,744,610.00. Following the completion of the sale, the chief executive officer now owns 128,980 shares of the company’s stock, valued at approximately $10,727,266.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bella Loykhter Allaire sold 4,000 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $82.83, for a total transaction of $331,320.00. Following the completion of the sale, the insider now directly owns 37,513 shares of the company’s stock, valued at approximately $3,107,201.79. The disclosure for this sale can be found here. 11.18% of the stock is currently owned by corporate insiders.

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.

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

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