Sun Sep 15 16:49:13 UTC 2024: ## Raymond James (RJF) Sees Mixed Activity from Hedge Funds and Institutional Investors

**New York, NY – September 15, 2024** – Raymond James Financial, Inc. (NYSE:RJF) has seen a mix of activity from hedge funds and institutional investors in the second quarter. While some funds have reduced their holdings, others have increased their stakes in the financial services provider.

**Hedge Fund Activity:**

* HBK Sorce Advisory LLC trimmed its position in Raymond James by 3.3% during the quarter, selling 195 shares.
* Meeder Advisory Services Inc. bought a new stake in Raymond James worth approximately $210,000.
* DekaBank Deutsche Girozentrale raised its stake in Raymond James by 11.0%, acquiring an additional 3,694 shares.
* BOKF NA significantly lifted its position in Raymond James by 106.5%, purchasing 28,063 shares.
* Achmea Investment Management B.V. grew its stake in Raymond James by 67.6%, adding 4,239 shares to its portfolio.
* American Century Companies Inc. increased its holdings in Raymond James by 2.2%, buying an additional 2,531 shares.

**Insider Trading:**

* CEO Tashtego S. Elwyn sold 31,277 shares of the company’s stock on August 12th, bringing his total holdings to 35,380 shares.
* EVP Bella Loykhter Allaire sold 17,363 shares of the company’s stock on July 31st, leaving her with 75,586 shares.

**Analyst Ratings:**

* Ten equity research analysts have rated Raymond James stock with a “hold” rating, while three have assigned a “buy” rating.
* The consensus rating is “Hold” with a consensus price target of $130.70.

**Company Performance:**

* Raymond James opened at $117.89 on Friday, with a market capitalization of $24.44 billion.
* The company has a P/E ratio of 14.26, a P/E/G ratio of 0.79, and a beta of 1.02.
* Raymond James recently declared a quarterly dividend of $0.45, payable on October 15th.

**Overall, Raymond James has received mixed signals from hedge funds and institutional investors in the second quarter. The company’s performance and future prospects remain to be seen, but it will be interesting to observe how these investment trends unfold in the coming months.**

Read More