Fox Run Management L.L.C. Sells 7,435 Shares of Raymond James Financial, Inc. $RJF

Fox Run Management L.L.C. lessened its stake in shares of Raymond James Financial, Inc. (NYSE:RJF) by 64.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,015 shares of the financial services provider’s stock after selling 7,435 shares during the period. Fox Run Management L.L.C.’s holdings in Raymond James Financial were worth $616,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in RJF. Princeton Global Asset Management LLC increased its stake in Raymond James Financial by 69.0% in the 2nd quarter. Princeton Global Asset Management LLC now owns 245 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 100 shares during the last quarter. TCTC Holdings LLC increased its stake in Raymond James Financial by 72.9% during the first quarter. TCTC Holdings LLC now owns 287 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 121 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Raymond James Financial by 364.3% in the 1st quarter. Larson Financial Group LLC now owns 325 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 255 shares during the period. TD Private Client Wealth LLC increased its position in shares of Raymond James Financial by 47.2% during the 2nd quarter. TD Private Client Wealth LLC now owns 337 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 108 shares during the last quarter. Finally, South Dakota Investment Council raised its holdings in Raymond James Financial by 300.0% during the 2nd quarter. South Dakota Investment Council now owns 400 shares of the financial services provider’s stock valued at $61,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. JMP Securities lifted their price target on shares of Raymond James Financial from $185.00 to $190.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 23rd. BMO Capital Markets boosted their price target on Raymond James Financial from $180.00 to $182.00 and gave the company a “market perform” rating in a report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Raymond James Financial in a research note on Wednesday, October 8th. TD Cowen lifted their target price on Raymond James Financial from $175.00 to $180.00 and gave the company a “hold” rating in a research report on Thursday, October 23rd. Finally, Citigroup reiterated an “outperform” rating on shares of Raymond James Financial in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $177.20.

Raymond James Financial Stock Down 0.7%

NYSE:RJF opened at $162.00 on Tuesday. The company’s 50-day simple moving average is $165.96 and its 200-day simple moving average is $158.84. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.02 and a current ratio of 1.04. Raymond James Financial, Inc. has a fifty-two week low of $117.57 and a fifty-two week high of $177.66. The stock has a market capitalization of $32.30 billion, a P/E ratio of 15.74, a P/E/G ratio of 1.19 and a beta of 1.05.

Raymond James Financial (NYSE:RJF) last posted its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $3.11 EPS for the quarter, topping the consensus estimate of $2.83 by $0.28. Raymond James Financial had a net margin of 13.42% and a return on equity of 18.33%. 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 business posted $2.95 EPS. Raymond James Financial’s revenue was up 7.7% on a year-over-year basis. On average, equities analysts anticipate that Raymond James Financial, Inc. will post 11.17 earnings per share for the current fiscal year.

Raymond James Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.2%. Raymond James Financial’s dividend payout ratio (DPR) is presently 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.