Sigma Planning Corp boosted its position in shares of Raymond James (NYSE:RJF) by 21.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,251 shares of the financial services provider’s stock after purchasing an additional 582 shares during the period. Sigma Planning Corp’s holdings in Raymond James were worth $275,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Montag & Caldwell LLC boosted its stake in shares of Raymond James by 4.2% during the 1st quarter. Montag & Caldwell LLC now owns 3,632 shares of the financial services provider’s stock valued at $292,000 after buying an additional 146 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Raymond James by 1.0% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 16,657 shares of the financial services provider’s stock valued at $1,339,000 after buying an additional 158 shares during the period. Bray Capital Advisors boosted its stake in shares of Raymond James by 18.8% during the 2nd quarter. Bray Capital Advisors now owns 1,045 shares of the financial services provider’s stock valued at $88,000 after buying an additional 165 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Raymond James by 0.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 66,280 shares of the financial services provider’s stock valued at $5,604,000 after buying an additional 200 shares during the period. Finally, Parallel Advisors LLC boosted its stake in shares of Raymond James by 215.3% during the 1st quarter. Parallel Advisors LLC now owns 309 shares of the financial services provider’s stock valued at $25,000 after buying an additional 211 shares during the period. Hedge funds and other institutional investors own 71.30% of the company’s stock.

A number of brokerages have issued reports on RJF. ValuEngine lowered shares of Raymond James from a “hold” rating to a “sell” rating in a research note on Wednesday, June 19th. Citigroup set a $87.00 target price on shares of Raymond James and gave the company a “hold” rating in a research note on Friday, July 26th. Finally, Argus reissued a “buy” rating on shares of Raymond James in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $93.88.

RJF stock opened at $77.66 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. Raymond James has a 1 year low of $69.11 and a 1 year high of $96.76. The company has a fifty day simple moving average of $81.15 and a 200 day simple moving average of $83.29. The firm has a market cap of $10.78 billion, a PE ratio of 12.00 and a beta of 1.52.

Raymond James (NYSE:RJF) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.06). Raymond James had a net margin of 13.06% and a return on equity of 16.12%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the firm posted $1.55 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, analysts forecast that Raymond James will post 7.4 EPS for the current fiscal year.

In related news, EVP Jonathan N. Santelli sold 725 shares of Raymond James stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $84.82, for a total value of $61,494.50. Following the completion of the sale, the executive vice president now owns 3,003 shares of the company’s stock, valued at approximately $254,714.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 10.74% of the stock is currently owned by insiders.

Raymond James 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.

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

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