Caisse DE Depot ET Placement DU Quebec Increases Stake in Raymond James Financial, Inc. (RJF)

Caisse DE Depot ET Placement DU Quebec lifted its position in Raymond James Financial, Inc. (NYSE:RJF) by 513.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,400 shares of the financial services provider’s stock after acquiring an additional 15,400 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Raymond James Financial were worth $1,558,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in Raymond James Financial by 4.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 51,556 shares of the financial services provider’s stock valued at $4,346,000 after buying an additional 2,314 shares in the last quarter. Stifel Financial Corp increased its position in Raymond James Financial by 2.9% during the 3rd quarter. Stifel Financial Corp now owns 31,288 shares of the financial services provider’s stock valued at $2,635,000 after buying an additional 894 shares in the last quarter. Pinebridge Investments L.P. bought a new position in Raymond James Financial during the 3rd quarter valued at approximately $389,000. OxFORD Asset Management LLP bought a new position in Raymond James Financial during the 3rd quarter valued at approximately $1,041,000. Finally, Westfield Capital Management Co. LP increased its position in Raymond James Financial by 15.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 749,294 shares of the financial services provider’s stock valued at $63,188,000 after buying an additional 98,535 shares in the last quarter. 69.86% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on RJF shares. Buckingham Research raised their price objective on Raymond James Financial from $92.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Wells Fargo & Company raised Raymond James Financial from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $86.00 to $90.00 in a research report on Thursday, September 14th. Zacks Investment Research raised Raymond James Financial from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Wednesday, August 30th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $85.00 target price on shares of Raymond James Financial in a research note on Tuesday, October 3rd. Finally, Credit Suisse Group began coverage on Raymond James Financial in a research note on Thursday, November 30th. They set an “underperform” rating and a $82.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Raymond James Financial currently has a consensus rating of “Buy” and a consensus price target of $88.57.

In other news, Vice Chairman Francis S. Godbold sold 45,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $85.51, for a total value of $3,847,950.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Tashtego S. Elwyn sold 8,997 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $85.17, for a total value of $766,274.49. Following the completion of the transaction, the insider now owns 22,178 shares in the company, valued at $1,888,900.26. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 305,017 shares of company stock worth $26,295,553. Company insiders own 11.18% of the company’s stock.

Shares of Raymond James Financial, Inc. (RJF) traded down $1.67 on Thursday, reaching $87.86. The company’s stock had a trading volume of 832,200 shares, compared to its average volume of 779,795. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.60. Raymond James Financial, Inc. has a 1-year low of $68.97 and a 1-year high of $91.29. The stock has a market cap of $12,928.18, a P/E ratio of 17.62, a price-to-earnings-growth ratio of 0.89 and a beta of 1.71.

Raymond James Financial (NYSE:RJF) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $1.47 EPS for the quarter, beating the consensus estimate of $1.32 by $0.15. Raymond James Financial had a return on equity of 13.75% and a net margin of 9.75%. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the business posted $1.28 EPS. The company’s revenue was up 15.8% compared to the same quarter last year. equities analysts expect that Raymond James Financial, Inc. will post 5.89 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Wednesday, January 3rd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.14%. This is an increase from Raymond James Financial’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, January 2nd. Raymond James Financial’s dividend payout ratio (DPR) is currently 20.32%.

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Raymond James Financial Profile

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.

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

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