New York State Common Retirement Fund Has $44.30 Million Position in Raymond James (NYSE:RJF)

New York State Common Retirement Fund lowered its holdings in Raymond James (NYSE:RJF - Free Report) by 31.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 361,738 shares of the financial services provider's stock after selling 169,570 shares during the quarter. New York State Common Retirement Fund owned about 0.18% of Raymond James worth $44,298,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wolff Wiese Magana LLC grew its stake in shares of Raymond James by 3,960.0% during the third quarter. Wolff Wiese Magana LLC now owns 203 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 198 shares during the last quarter. Quarry LP acquired a new stake in shares of Raymond James in the 2nd quarter valued at $29,000. Covestor Ltd raised its position in shares of Raymond James by 77.0% during the first quarter. Covestor Ltd now owns 239 shares of the financial services provider's stock worth $31,000 after acquiring an additional 104 shares during the last quarter. Smithfield Trust Co lifted its stake in shares of Raymond James by 105.0% during the first quarter. Smithfield Trust Co now owns 246 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 126 shares during the period. Finally, Future Financial Wealth Managment LLC bought a new position in Raymond James in the third quarter valued at about $32,000. Institutional investors and hedge funds own 83.83% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Morgan Stanley boosted their price objective on Raymond James from $132.00 to $145.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 29th. Bank of America boosted their price target on shares of Raymond James from $136.00 to $152.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. JMP Securities raised their price objective on shares of Raymond James from $146.00 to $150.00 and gave the company a "market outperform" rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. dropped their target price on shares of Raymond James from $137.00 to $135.00 and set an "overweight" rating for the company in a research report on Thursday, July 25th. Finally, Wolfe Research reissued a "peer perform" rating on shares of Raymond James in a research note on Monday, July 8th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Raymond James currently has an average rating of "Hold" and an average target price of $140.91.

Insider Buying and Selling

In other Raymond James news, CEO Tashtego S. Elwyn sold 31,277 shares of Raymond James stock in a transaction dated Monday, August 12th. The stock was 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 owns 35,380 shares of the company's stock, valued at $3,879,063.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 9.74% of the company's stock.

Raymond James Trading Down 2.7 %

Shares of Raymond James stock traded down $3.93 during trading hours on Friday, hitting $144.29. The company's stock had a trading volume of 1,540,057 shares, compared to its average volume of 1,417,884. Raymond James has a 12 month low of $97.05 and a 12 month high of $151.59. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.02 and a quick ratio of 0.99. The company has a market capitalization of $29.72 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 0.75 and a beta of 0.98. The stock has a 50 day moving average of $127.40 and a 200 day moving average of $122.16.

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

Raymond James Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were given a $0.45 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 1.25%. Raymond James's dividend payout ratio is currently 18.54%.

Raymond James 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.