Fiera Capital Corp Has $5.12 Million Stock Holdings in Raymond James (NYSE:RJF)

Fiera Capital Corp reduced its stake in shares of Raymond James (NYSE:RJF - Free Report) by 90.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,805 shares of the financial services provider's stock after selling 414,476 shares during the quarter. Fiera Capital Corp's holdings in Raymond James were worth $5,119,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of RJF. AGF Management Ltd. raised its stake in shares of Raymond James by 17.2% in the 2nd quarter. AGF Management Ltd. now owns 2,580,467 shares of the financial services provider's stock valued at $318,972,000 after buying an additional 378,033 shares in the last quarter. Earnest Partners LLC raised its stake in shares of Raymond James by 1.5% in the 2nd quarter. Earnest Partners LLC now owns 2,505,369 shares of the financial services provider's stock valued at $309,689,000 after buying an additional 37,173 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Raymond James by 1.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,215,996 shares of the financial services provider's stock valued at $273,919,000 after buying an additional 25,494 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Raymond James by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,024,612 shares of the financial services provider's stock valued at $250,238,000 after buying an additional 113,826 shares in the last quarter. Finally, APG Asset Management N.V. raised its stake in shares of Raymond James by 2.1% in the 2nd quarter. APG Asset Management N.V. now owns 1,874,140 shares of the financial services provider's stock valued at $216,153,000 after buying an additional 38,695 shares in the last quarter. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Raymond James from $137.00 to $135.00 and set an "overweight" rating for the company in a research note on Thursday, July 25th. TD Cowen increased their target price on shares of Raymond James from $128.00 to $150.00 and gave the stock a "hold" rating in a research report on Wednesday, October 30th. The Goldman Sachs Group increased their target price on shares of Raymond James from $125.00 to $142.00 and gave the stock a "neutral" rating in a research report on Thursday, October 24th. JMP Securities increased their target price on shares of Raymond James from $146.00 to $150.00 and gave the stock a "market outperform" rating in a research report on Thursday, October 24th. Finally, Wells Fargo & Company increased their target price on shares of Raymond James from $140.00 to $152.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $140.91.

Insider Buying and Selling at Raymond James

In other Raymond James news, CEO Tashtego S. Elwyn sold 31,277 shares of Raymond James stock in a transaction on Monday, August 12th. The shares were sold at an average price of $109.64, for a total value of $3,429,210.28. Following the sale, the chief executive officer now directly owns 35,380 shares in the company, valued at approximately $3,879,063.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.74% of the company's stock.

Raymond James Trading Up 1.5 %

Shares of NYSE:RJF traded up $2.30 during mid-day trading on Friday, reaching $158.73. The stock had a trading volume of 1,218,949 shares, compared to its average volume of 1,497,748. The firm has a market cap of $32.69 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 0.80 and a beta of 0.99. The firm has a 50 day simple moving average of $130.92 and a two-hundred day simple moving average of $123.19. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.41. Raymond James has a twelve month low of $98.72 and a twelve month high of $161.76.

Raymond James (NYSE:RJF - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $2.95 EPS for the quarter, topping analysts' consensus estimates of $2.41 by $0.54. Raymond James had a net margin of 13.86% and a return on equity of 19.61%. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period last year, the business posted $2.13 earnings per share. The firm's quarterly revenue was up 13.4% on a year-over-year basis. On average, research analysts predict that Raymond James will post 10.73 EPS for the current fiscal year.

Raymond James Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were paid a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 1.13%. Raymond James's payout ratio is currently 18.54%.

About Raymond James

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.