Swedbank AB Sells 5,372 Shares of Raymond James Financial, Inc. $RJF

Swedbank AB lessened its holdings in Raymond James Financial, Inc. (NYSE:RJF) by 13.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,064 shares of the financial services provider’s stock after selling 5,372 shares during the period. Swedbank AB’s holdings in Raymond James Financial were worth $5,222,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of RJF. Reflection Asset Management acquired a new stake in shares of Raymond James Financial in the fourth quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Raymond James Financial during the 4th quarter valued at about $32,000. Harbor Investment Advisory LLC raised its stake in shares of Raymond James Financial by 452.6% in the 4th quarter. Harbor Investment Advisory LLC now owns 210 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 172 shares in the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of Raymond James Financial in the 4th quarter valued at approximately $35,000. Finally, Steigerwald Gordon & Koch Inc. lifted its holdings in Raymond James Financial by 760.0% in the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 258 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 228 shares during the last quarter. 83.83% of the stock is currently owned by institutional investors.

Raymond James Financial Stock Performance

NYSE RJF traded down $0.57 during trading on Friday, hitting $168.15. The company’s stock had a trading volume of 1,000,423 shares, compared to its average volume of 1,493,235. Raymond James Financial, Inc. has a 52 week low of $138.82 and a 52 week high of $177.66. The firm has a market cap of $32.77 billion, a P/E ratio of 15.89, a price-to-earnings-growth ratio of 1.30 and a beta of 0.93. The firm has a 50 day moving average price of $154.40 and a 200 day moving average price of $156.32. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 0.44.

Raymond James Financial (NYSE:RJF) last posted its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.76 by $0.07. Raymond James Financial had a return on equity of 17.93% and a net margin of 13.04%.The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the prior year, the business earned $2.42 earnings per share. Raymond James Financial’s revenue for the quarter was up 13.4% compared to the same quarter last year. Equities research analysts forecast that Raymond James Financial, Inc. will post 11.76 earnings per share for the current fiscal year.

Raymond James Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.3%. The ex-dividend date is Wednesday, July 1st. Raymond James Financial’s dividend payout ratio (DPR) is currently 20.42%.

More Raymond James Financial News

Here are the key news stories impacting Raymond James Financial this week:

• Positive Sentiment: Several analysts turned more constructive on Raymond James Financial after earnings, including Citizens JMP raising its price target to $200 and Barclays lifting its target to $192 with an overweight rating, signaling expectations for further upside. Raymond James Financial (NYSE:RJF) Given New $200.00 Price Target at Citizens Jmp
• Positive Sentiment: Morgan Stanley also raised its target to $174, and a separate article suggested RJF could be about 3% undervalued after posting strong quarterly results, reinforcing the case that recent fundamentals may be better than the market is pricing in. Raymond James Financial (RJF) Could Be 3% Undervalued After Strong Quarterly Results
• Neutral Sentiment: UBS kept a hold rating on Raymond James Financial, indicating some analysts still see limited near-term upside despite the recent positive momentum. UBS Sticks to Their Hold Rating for Raymond James Financial (RJF)

Analyst Ratings Changes

RJF has been the subject of a number of recent analyst reports. Jefferies Financial Group decreased their target price on Raymond James Financial from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Monday, April 6th. Citizens Jmp boosted their price objective on shares of Raymond James Financial from $190.00 to $200.00 and gave the stock a “market outperform” rating in a research note on Thursday. UBS Group reaffirmed a “neutral” rating and set a $175.00 price objective (up from $166.00) on shares of Raymond James Financial in a report on Wednesday. Morgan Stanley raised their target price on shares of Raymond James Financial from $172.00 to $174.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, Barclays lifted their target price on shares of Raymond James Financial from $182.00 to $192.00 and gave the stock an “overweight” rating in a report on Thursday. Four investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $176.64.

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.