Home / FINANCIAL NEWS / 16,482 Shares in Raymond James Financial, Inc. (RJF) Acquired by Delta Lloyd Asset Management N.V.

16,482 Shares in Raymond James Financial, Inc. (RJF) Acquired by Delta Lloyd Asset Management N.V.

Delta Lloyd Asset Management N.V. bought a new position in shares of Raymond James Financial, Inc. (NYSE:RJF) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 16,482 shares of the financial services provider’s stock, valued at approximately $1,322,000.

Other large investors have also recently modified their holdings of the company. Bank of America Corp DE grew its holdings in shares of Raymond James Financial by 13.2% during the 1st quarter. Bank of America Corp DE now owns 898,931 shares of the financial services provider’s stock worth $68,554,000 after purchasing an additional 105,145 shares during the period. Bank of Nova Scotia purchased a new stake in shares of Raymond James Financial during the 1st quarter worth about $2,243,000. Alliancebernstein L.P. grew its holdings in shares of Raymond James Financial by 132.5% during the 1st quarter. Alliancebernstein L.P. now owns 240,437 shares of the financial services provider’s stock worth $18,336,000 after purchasing an additional 137,022 shares during the period. Toronto Dominion Bank grew its holdings in shares of Raymond James Financial by 3,022.8% during the 1st quarter. Toronto Dominion Bank now owns 34,507 shares of the financial services provider’s stock worth $2,632,000 after purchasing an additional 33,402 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Raymond James Financial during the 1st quarter worth about $3,614,000. Institutional investors and hedge funds own 70.03% of the company’s stock.

In other Raymond James Financial news, CEO Paul C. Reilly sold 33,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $83.17, for a total value of $2,744,610.00. Following the completion of the sale, the chief executive officer now owns 128,980 shares in the company, valued at approximately $10,727,266.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bella Loykhter Allaire sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $82.83, for a total value of $331,320.00. Following the completion of the sale, the insider now owns 37,513 shares of the company’s stock, valued at approximately $3,107,201.79. The disclosure for this sale can be found here. 11.18% of the stock is currently owned by company insiders.

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A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Raymond James Financial from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a report on Wednesday, August 30th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $85.00 price target on shares of Raymond James Financial in a research report on Tuesday, August 29th. BidaskClub lowered Raymond James Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 6th. Instinet reissued a “buy” rating and set a $90.00 price target (up from $89.00) on shares of Raymond James Financial in a research report on Thursday, July 13th. Finally, Nomura boosted their price target on Raymond James Financial from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 13th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Raymond James Financial currently has a consensus rating of “Buy” and an average target price of $88.50.

Raymond James Financial, Inc. (NYSE RJF) opened at 77.73 on Wednesday. The company’s 50-day moving average price is $80.05 and its 200 day moving average price is $77.70. Raymond James Financial, Inc. has a 52-week low of $56.06 and a 52-week high of $85.97. The firm has a market capitalization of $11.17 billion, a price-to-earnings ratio of 18.49 and a beta of 1.66.

Raymond James Financial (NYSE:RJF) last announced its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.26 EPS for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.02. Raymond James Financial had a return on equity of 13.37% and a net margin of 9.78%. The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter last year, the company earned $0.93 EPS. The company’s quarterly revenue was up 19.5% on a year-over-year basis. Equities research analysts predict that Raymond James Financial, Inc. will post $5.07 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be given a $0.22 dividend. The ex-dividend date is Friday, September 29th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.13%. Raymond James Financial’s dividend payout ratio is currently 20.90%.

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.

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

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