Robeco Institutional Asset Management B.V. Purchases 144,028 Shares of Raymond James Financial, Inc. $RJF

Robeco Institutional Asset Management B.V. raised its position in Raymond James Financial, Inc. (NYSE:RJF) by 345.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 185,681 shares of the financial services provider’s stock after buying an additional 144,028 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Raymond James Financial were worth $29,819,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in RJF. West Branch Capital LLC acquired a new stake in Raymond James Financial during the 3rd quarter worth $26,000. Salomon & Ludwin LLC acquired a new stake in shares of Raymond James Financial in the 3rd quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Raymond James Financial in the 4th quarter valued at about $32,000. Quent Capital LLC acquired a new stake in shares of Raymond James Financial in the 3rd quarter valued at about $33,000. Finally, Anfield Capital Management LLC acquired a new stake in shares of Raymond James Financial in the 3rd quarter valued at about $33,000. 83.83% of the stock is currently owned by institutional investors.

Raymond James Financial Price Performance

NYSE:RJF opened at $150.40 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.04 and a current ratio of 1.06. The stock’s 50-day simple moving average is $151.94 and its 200 day simple moving average is $159.51. The company has a market cap of $29.64 billion, a P/E ratio of 14.72, a P/E/G ratio of 1.10 and a beta of 1.00. Raymond James Financial, Inc. has a 52-week low of $129.47 and a 52-week high of $177.66.

Raymond James Financial (NYSE:RJF) last released its earnings results on Wednesday, January 28th. The financial services provider reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.03. The business had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.83 billion. Raymond James Financial had a return on equity of 17.65% and a net margin of 13.07%.Raymond James Financial’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.93 earnings per share. As a group, sell-side analysts forecast that Raymond James Financial, Inc. will post 11.17 EPS for the current fiscal year.

Raymond James Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st will be given a $0.54 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.4%. Raymond James Financial’s payout ratio is currently 21.14%.

Analyst Ratings Changes

Several analysts have issued reports on RJF shares. Barclays dropped their price target on Raymond James Financial from $196.00 to $174.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Jefferies Financial Group dropped their price target on Raymond James Financial from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Monday, April 6th. Weiss Ratings raised Raymond James Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. UBS Group dropped their price target on Raymond James Financial from $176.00 to $158.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. Finally, TD Cowen reissued a “hold” rating on shares of Raymond James Financial in a research note on Wednesday, January 14th. Four analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $175.58.

Insider Activity

In related news, insider Bella Loykhter Allaire sold 29,551 shares of Raymond James Financial stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $142.34, for a total value of $4,206,289.34. Following the sale, the insider owned 53,586 shares of the company’s stock, valued at approximately $7,627,431.24. The trade was a 35.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.58% of the company’s stock.

Raymond James Financial Profile

Raymond James Financial is a diversified financial services firm headquartered in St. Petersburg, Florida. Founded in 1962, the company provides a range of services to individual investors, businesses and institutions through a combination of wealth management, capital markets, investment banking, asset management, banking and trust services. Its business model centers on a network of financial advisors and broker-dealer operations that deliver personalized financial planning, investment advisory services and brokerage solutions.

The firm’s core offerings include private client wealth management delivered by independent and employee advisors, equity and fixed-income research, institutional sales and trading, and investment banking services such as mergers and acquisitions advisory and capital raising.