Oarsman Capital Inc. Increases Stock Holdings in Raymond James Financial, Inc. $RJF

Oarsman Capital Inc. lifted its stake in shares of Raymond James Financial, Inc. (NYSE:RJF) by 2.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,143 shares of the financial services provider’s stock after acquiring an additional 277 shares during the period. Oarsman Capital Inc.’s holdings in Raymond James Financial were worth $1,709,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in RJF. Victory Capital Management Inc. boosted its stake in shares of Raymond James Financial by 1,502.0% during the first quarter. Victory Capital Management Inc. now owns 1,883,139 shares of the financial services provider’s stock valued at $261,587,000 after acquiring an additional 1,765,588 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Raymond James Financial during the first quarter valued at $111,368,000. Goldman Sachs Group Inc. boosted its stake in shares of Raymond James Financial by 44.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,708,333 shares of the financial services provider’s stock valued at $237,305,000 after acquiring an additional 525,134 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Raymond James Financial by 19.1% during the first quarter. Invesco Ltd. now owns 2,901,435 shares of the financial services provider’s stock valued at $403,038,000 after acquiring an additional 466,129 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Raymond James Financial by 165.9% during the first quarter. Ameriprise Financial Inc. now owns 686,647 shares of the financial services provider’s stock valued at $95,381,000 after acquiring an additional 428,396 shares during the last quarter. Institutional investors and hedge funds own 83.83% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. JMP Securities increased their price objective on Raymond James Financial from $185.00 to $190.00 and gave the company a “market outperform” rating in a research note on Thursday, October 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Raymond James Financial in a research note on Wednesday, October 8th. Morgan Stanley raised their price target on Raymond James Financial from $176.00 to $184.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 1st. Keefe, Bruyette & Woods raised their price target on Raymond James Financial from $174.00 to $181.00 and gave the stock a “market perform” rating in a research note on Thursday, October 23rd. Finally, Wells Fargo & Company raised their price target on Raymond James Financial from $155.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, Raymond James Financial presently has a consensus rating of “Hold” and an average price target of $177.20.

Raymond James Financial Stock Performance

NYSE RJF opened at $159.88 on Wednesday. The firm has a market capitalization of $31.88 billion, a P/E ratio of 15.54, a P/E/G ratio of 1.22 and a beta of 1.03. 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 business’s 50-day simple moving average is $167.22 and its 200-day simple moving average is $157.09.

Raymond James Financial (NYSE:RJF) last released its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $3.11 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.28. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.64 billion. Raymond James Financial had a return on equity of 18.33% and a net margin of 13.42%.The company’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.95 EPS. Equities analysts predict that Raymond James Financial, Inc. will post 11.17 EPS for the current year.

Raymond James Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, October 1st. Raymond James Financial’s payout ratio is currently 19.44%.

Raymond James Financial 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.