Victory Capital Management Inc. Has $16.81 Million Position in Raymond James (NYSE:RJF)

Victory Capital Management Inc. increased its position in Raymond James (NYSE:RJFGet Rating) by 58.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 172,517 shares of the financial services provider’s stock after buying an additional 63,601 shares during the quarter. Victory Capital Management Inc.’s holdings in Raymond James were worth $16,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its position in Raymond James by 6.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 18,388 shares of the financial services provider’s stock valued at $2,021,000 after purchasing an additional 1,141 shares during the period. Envestnet Asset Management Inc. increased its position in Raymond James by 26.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 424,374 shares of the financial services provider’s stock valued at $46,643,000 after purchasing an additional 89,209 shares during the period. Shell Asset Management Co. increased its position in Raymond James by 56.7% during the 1st quarter. Shell Asset Management Co. now owns 25,315 shares of the financial services provider’s stock valued at $2,782,000 after purchasing an additional 9,159 shares during the period. Versor Investments LP increased its position in Raymond James by 4.5% during the 1st quarter. Versor Investments LP now owns 6,362 shares of the financial services provider’s stock valued at $699,000 after purchasing an additional 272 shares during the period. Finally, Arizona State Retirement System increased its position in Raymond James by 2.2% during the 1st quarter. Arizona State Retirement System now owns 51,554 shares of the financial services provider’s stock valued at $5,666,000 after purchasing an additional 1,129 shares during the period. Institutional investors and hedge funds own 76.98% of the company’s stock.

Raymond James Stock Performance

Shares of RJF stock opened at $102.30 on Friday. The company has a market cap of $21.30 billion, a price-to-earnings ratio of 14.57 and a beta of 1.09. Raymond James has a 52 week low of $84.86 and a 52 week high of $117.37. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $92.95 and a 200-day moving average of $100.11.

Raymond James (NYSE:RJFGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $1.61 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.12). Raymond James had a return on equity of 18.39% and a net margin of 13.58%. The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same period last year, the business earned $1.83 EPS. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, equities analysts forecast that Raymond James will post 7.43 earnings per share for the current year.

Raymond James Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 1st were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Thursday, June 30th. Raymond James’s dividend payout ratio is currently 19.37%.

Analyst Upgrades and Downgrades

RJF has been the subject of a number of recent analyst reports. Morgan Stanley decreased their target price on shares of Raymond James from $138.00 to $119.00 and set an “overweight” rating for the company in a research report on Monday, July 18th. Citigroup decreased their target price on shares of Raymond James from $205.00 to $195.00 in a research report on Friday, April 29th. Finally, StockNews.com downgraded shares of Raymond James from a “buy” rating to a “hold” rating in a research report on Monday, August 1st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $134.25.

Raymond James Profile

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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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