Oregon Public Employees Retirement Fund Has $3.49 Million Stock Holdings in Raymond James Financial, Inc. $RJF

Oregon Public Employees Retirement Fund raised its holdings in Raymond James Financial, Inc. (NYSE:RJF) by 28.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,213 shares of the financial services provider’s stock after buying an additional 4,503 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Raymond James Financial were worth $3,489,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in Raymond James Financial in the 2nd quarter valued at about $354,446,000. JPMorgan Chase & Co. raised its stake in shares of Raymond James Financial by 41.6% in the second quarter. JPMorgan Chase & Co. now owns 5,616,998 shares of the financial services provider’s stock worth $861,479,000 after purchasing an additional 1,651,380 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Raymond James Financial by 39.9% in the second quarter. First Trust Advisors LP now owns 2,485,569 shares of the financial services provider’s stock worth $381,212,000 after purchasing an additional 709,315 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Raymond James Financial by 179.8% in the second quarter. American Century Companies Inc. now owns 688,405 shares of the financial services provider’s stock valued at $105,581,000 after purchasing an additional 442,340 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Raymond James Financial by 824.7% during the second quarter. Marshall Wace LLP now owns 438,213 shares of the financial services provider’s stock valued at $67,209,000 after buying an additional 390,821 shares during the last quarter. 83.83% of the stock is owned by institutional investors.

Insider Transactions at Raymond James Financial

In other Raymond James Financial news, insider Paul C. Reilly sold 130,687 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $163.15, for a total value of $21,321,584.05. Following the sale, the insider directly owned 260,546 shares in the company, valued at $42,508,079.90. The trade was a 33.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.58% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on RJF. JPMorgan Chase & Co. increased their price target on Raymond James Financial from $178.00 to $180.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. JMP Securities increased their target price on shares of Raymond James Financial from $185.00 to $190.00 and gave the company a “market outperform” rating in a report on Thursday, October 23rd. Bank of America raised their price target on shares of Raymond James Financial from $194.00 to $196.00 and gave the company a “neutral” rating in a research report on Wednesday, December 10th. Citigroup reaffirmed an “outperform” rating on shares of Raymond James Financial in a research report on Thursday, October 9th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Raymond James Financial from $174.00 to $181.00 and gave the stock a “market perform” rating in a research report on Thursday, October 23rd. Three investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $180.73.

Raymond James Financial Price Performance

RJF opened at $167.76 on Monday. Raymond James Financial, Inc. has a fifty-two week low of $117.57 and a fifty-two week high of $177.66. The firm has a 50-day moving average of $161.33 and a 200 day moving average of $163.46. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.07. The firm has a market cap of $33.13 billion, a P/E ratio of 16.30, a PEG ratio of 1.03 and a beta of 0.99.

Raymond James Financial (NYSE:RJF) last released its earnings results on Wednesday, October 22nd. The financial services provider reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.28. Raymond James Financial had a net margin of 13.42% and a return on equity of 18.19%. The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the previous year, the company earned $2.95 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, research analysts expect that Raymond James Financial, Inc. will post 11.17 EPS for the current year.

Raymond James Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 2nd will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.3%. This is a positive change from Raymond James Financial’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, January 2nd. Raymond James Financial’s dividend payout ratio is currently 20.99%.

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.