Raymond James Financial, Inc. $RJF Shares Bought by Savant Capital LLC

Savant Capital LLC grew its holdings in Raymond James Financial, Inc. (NYSE:RJF) by 237.9% during the second quarter, HoldingsChannel reports. The firm owned 20,371 shares of the financial services provider’s stock after acquiring an additional 14,343 shares during the period. Savant Capital LLC’s holdings in Raymond James Financial were worth $3,124,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in RJF. Princeton Global Asset Management LLC lifted its position in Raymond James Financial by 69.0% during the second quarter. Princeton Global Asset Management LLC now owns 245 shares of the financial services provider’s stock worth $38,000 after buying an additional 100 shares in the last quarter. TCTC Holdings LLC increased its stake in shares of Raymond James Financial by 72.9% in the 1st quarter. TCTC Holdings LLC now owns 287 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 121 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of Raymond James Financial by 364.3% during the 1st quarter. Larson Financial Group LLC now owns 325 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 255 shares during the period. TD Private Client Wealth LLC boosted its position in shares of Raymond James Financial by 47.2% during the 2nd quarter. TD Private Client Wealth LLC now owns 337 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 108 shares during the last quarter. Finally, South Dakota Investment Council boosted its position in shares of Raymond James Financial by 300.0% during the 2nd quarter. South Dakota Investment Council now owns 400 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 300 shares during the last quarter. 83.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RJF has been the topic of a number of analyst reports. JMP Securities lifted their target price on shares of Raymond James Financial from $185.00 to $190.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 23rd. BMO Capital Markets raised their price target on shares of Raymond James Financial from $180.00 to $182.00 and gave the stock a “market perform” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. upped their price objective on Raymond James Financial from $178.00 to $180.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Morgan Stanley increased their price objective on Raymond James Financial from $176.00 to $184.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 1st. Finally, Keefe, Bruyette & Woods raised their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $177.20.

Raymond James Financial Stock Up 1.3%

Raymond James Financial stock opened at $162.92 on Monday. The company has a market capitalization of $32.48 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 1.19 and a beta of 1.05. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.02 and a current ratio of 1.04. Raymond James Financial, Inc. has a fifty-two week low of $117.57 and a fifty-two week high of $177.66. The firm has a 50 day moving average price of $166.11 and a 200 day moving average price of $158.67.

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

Raymond James Financial Dividend Announcement

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

About Raymond James Financial

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.