Raymond James Financial, Inc. $RJF Shares Acquired by CVA Family Office LLC

CVA Family Office LLC grew its holdings in Raymond James Financial, Inc. (NYSE:RJF) by 18.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 570 shares of the financial services provider’s stock after acquiring an additional 90 shares during the period. CVA Family Office LLC’s holdings in Raymond James Financial were worth $87,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Capital Investment Advisors LLC lifted its position in Raymond James Financial by 0.9% during the second quarter. Capital Investment Advisors LLC now owns 7,629 shares of the financial services provider’s stock valued at $1,170,000 after purchasing an additional 68 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of Raymond James Financial by 2.2% in the 1st quarter. Venturi Wealth Management LLC now owns 3,318 shares of the financial services provider’s stock valued at $461,000 after buying an additional 73 shares during the period. EP Wealth Advisors LLC boosted its stake in shares of Raymond James Financial by 5.5% in the first quarter. EP Wealth Advisors LLC now owns 1,506 shares of the financial services provider’s stock worth $209,000 after buying an additional 78 shares during the last quarter. Tectonic Advisors LLC grew its holdings in Raymond James Financial by 2.6% during the second quarter. Tectonic Advisors LLC now owns 3,199 shares of the financial services provider’s stock worth $491,000 after acquiring an additional 80 shares during the period. Finally, Cigna Investments Inc. New grew its holdings in Raymond James Financial by 4.1% during the first quarter. Cigna Investments Inc. New now owns 2,044 shares of the financial services provider’s stock worth $284,000 after acquiring an additional 81 shares during the period. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Raymond James Financial Stock Performance

RJF opened at $162.25 on Friday. The firm’s fifty day simple moving average is $167.36 and its two-hundred day simple moving average is $156.58. Raymond James Financial, Inc. has a 52-week low of $117.57 and a 52-week high of $177.66. The company has a market cap of $32.35 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 1.24 and a beta of 1.03. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.33.

Raymond James Financial (NYSE:RJF) last released its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $3.11 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.28. Raymond James Financial had a net margin of 13.42% and a return on equity of 18.33%. The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the prior year, the firm earned $2.95 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities analysts anticipate that Raymond James Financial, Inc. will post 11.17 earnings per share for the current fiscal year.

Raymond James Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Wednesday, October 1st. Raymond James Financial’s dividend payout ratio (DPR) is 19.44%.

Wall Street Analyst Weigh In

Several research firms have commented on RJF. Cowen restated a “hold” rating on shares of Raymond James Financial in a research report on Thursday. JMP Securities increased their price target on shares of Raymond James Financial from $185.00 to $190.00 and gave the stock a “market outperform” rating in a report on Thursday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Raymond James Financial in a report on Saturday. Wells Fargo & Company upped their price objective on shares of Raymond James Financial from $155.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Friday, July 11th. Finally, TD Cowen raised their target price on Raymond James Financial from $175.00 to $180.00 and gave the company a “hold” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Raymond James Financial has a consensus rating of “Hold” and an average price target of $177.20.

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.