Raymond James Financial, Inc. (RJF) Stake Held by Dock Street Asset Management Inc.

Dock Street Asset Management Inc. held its position in Raymond James Financial, Inc. (NYSE:RJF) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,000 shares of the financial services provider’s stock at the end of the second quarter. Dock Street Asset Management Inc.’s holdings in Raymond James Financial were worth $241,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in RJF. YorkBridge Wealth Partners LLC increased its stake in shares of Raymond James Financial by 4.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,347 shares of the financial services provider’s stock valued at $102,000 after buying an additional 52 shares during the last quarter. Independent Portfolio Consultants Inc. increased its stake in shares of Raymond James Financial by 2.3% in the first quarter. Independent Portfolio Consultants Inc. now owns 1,805 shares of the financial services provider’s stock valued at $138,000 after buying an additional 40 shares during the last quarter. Americafirst Capital Management LLC purchased a new stake in shares of Raymond James Financial during the first quarter valued at approximately $168,000. Global X Management Co. LLC increased its stake in shares of Raymond James Financial by 42.5% in the first quarter. Global X Management Co. LLC now owns 2,314 shares of the financial services provider’s stock valued at $176,000 after buying an additional 690 shares during the last quarter. Finally, Triangle Securities Wealth Management purchased a new stake in shares of Raymond James Financial during the second quarter valued at approximately $206,000. Hedge funds and other institutional investors own 70.11% of the company’s stock.

Raymond James Financial, Inc. (NYSE:RJF) opened at 77.85 on Friday. The stock has a 50 day moving average of $81.95 and a 200-day moving average of $77.67. The stock has a market cap of $11.19 billion, a P/E ratio of 18.51 and a beta of 1.65. Raymond James Financial, Inc. has a 12 month low of $55.42 and a 12 month high of $85.97.

Raymond James Financial (NYSE:RJF) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter last year, the company earned $0.93 earnings per share. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, equities analysts forecast that Raymond James Financial, Inc. will post $5.07 EPS for the current fiscal year.

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Several analysts have recently commented on the stock. Nomura restated a “buy” rating and set a $94.00 price objective on shares of Raymond James Financial in a research report on Tuesday, May 2nd. BidaskClub raised shares of Raymond James Financial from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. Instinet cut their target price on shares of Raymond James Financial to $89.00 and set a “buy” rating for the company in a research note on Thursday, May 25th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $85.00 target price on shares of Raymond James Financial in a research note on Monday, June 26th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $85.00 target price (up from $82.50) on shares of Raymond James Financial in a research note on Monday, June 12th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $87.50.

In other news, EVP Jonathan N. Santelli sold 1,880 shares of Raymond James Financial stock in a transaction on Friday, May 26th. The stock was sold at an average price of $73.30, for a total transaction of $137,804.00. Following the completion of the transaction, the executive vice president now owns 3,000 shares of the company’s stock, valued at approximately $219,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Paul C. Reilly sold 33,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $83.17, for a total transaction of $2,744,610.00. Following the completion of the transaction, the chief executive officer now directly owns 128,980 shares of the company’s stock, valued at approximately $10,727,266.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,880 shares of company stock worth $3,213,734. Insiders own 11.18% of the company’s stock.

About Raymond James Financial

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.

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

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