Cwm LLC Purchases 447 Shares of Raymond James Financial, Inc. $RJF

Cwm LLC raised its position in shares of Raymond James Financial, Inc. (NYSE:RJF) by 1.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,043 shares of the financial services provider’s stock after purchasing an additional 447 shares during the quarter. Cwm LLC’s holdings in Raymond James Financial were worth $4,301,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in RJF. Farther Finance Advisors LLC grew its stake in shares of Raymond James Financial by 9.0% during the 1st quarter. Farther Finance Advisors LLC now owns 994 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 82 shares during the period. GAMMA Investing LLC grew its stake in shares of Raymond James Financial by 82.6% during the 1st quarter. GAMMA Investing LLC now owns 4,858 shares of the financial services provider’s stock valued at $675,000 after purchasing an additional 2,197 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Raymond James Financial by 3.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 44,003 shares of the financial services provider’s stock valued at $6,112,000 after acquiring an additional 1,375 shares during the period. Dynamic Advisor Solutions LLC grew its stake in shares of Raymond James Financial by 12.5% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 2,057 shares of the financial services provider’s stock valued at $286,000 after acquiring an additional 229 shares during the period. Finally, Exchange Traded Concepts LLC grew its stake in shares of Raymond James Financial by 120.7% during the 1st quarter. Exchange Traded Concepts LLC now owns 4,213 shares of the financial services provider’s stock valued at $585,000 after acquiring an additional 2,304 shares during the period. 83.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on RJF. Wells Fargo & Company boosted their price objective on Raymond James Financial from $155.00 to $163.00 and gave the company an “equal weight” rating in a research note on Friday, July 11th. JMP Securities boosted their price objective on Raymond James Financial from $180.00 to $185.00 and gave the company a “market outperform” rating in a research note on Thursday, October 9th. Morgan Stanley boosted their price objective on Raymond James Financial from $176.00 to $184.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 1st. Citigroup reiterated an “outperform” rating on shares of Raymond James Financial in a research note on Thursday, October 9th. Finally, BMO Capital Markets began coverage on Raymond James Financial in a research note on Friday, October 3rd. They set a “market perform” rating and a $180.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $172.20.

Raymond James Financial Trading Down 2.2%

RJF stock opened at $160.12 on Friday. Raymond James Financial, Inc. has a 1-year low of $117.57 and a 1-year high of $177.66. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.04 and a quick ratio of 1.02. The company has a market capitalization of $31.92 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 1.25 and a beta of 1.03. The business has a 50 day simple moving average of $167.45 and a two-hundred day simple moving average of $154.96.

Raymond James Financial (NYSE:RJF) last posted its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.36 by ($0.18). Raymond James Financial had a return on equity of 18.38% and a net margin of 13.56%.The business had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter in the previous year, the company earned $2.39 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. Research analysts anticipate that Raymond James Financial, Inc. will post 11.17 EPS for the current fiscal year.

Raymond James Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.2%. The ex-dividend date was Wednesday, October 1st. Raymond James Financial’s dividend payout ratio is presently 19.61%.

Raymond James Financial Company 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.