Raymond James Financial, Inc. $RJF Stock Position Lifted by Natixis Advisors LLC

Natixis Advisors LLC lifted its holdings in Raymond James Financial, Inc. (NYSE:RJF) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 329,450 shares of the financial services provider’s stock after purchasing an additional 13,591 shares during the quarter. Natixis Advisors LLC’s holdings in Raymond James Financial were worth $52,906,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Old Peak Finance LLC bought a new position in shares of Raymond James Financial in the fourth quarter worth $311,000. MUFG Securities EMEA plc grew its stake in shares of Raymond James Financial by 112.8% in the fourth quarter. MUFG Securities EMEA plc now owns 7,228 shares of the financial services provider’s stock worth $1,161,000 after purchasing an additional 3,831 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Raymond James Financial by 7.2% in the fourth quarter. BNP Paribas Financial Markets now owns 437,675 shares of the financial services provider’s stock worth $70,286,000 after purchasing an additional 29,571 shares in the last quarter. Gulf International Bank UK Ltd grew its stake in shares of Raymond James Financial by 0.9% in the fourth quarter. Gulf International Bank UK Ltd now owns 9,854 shares of the financial services provider’s stock worth $1,582,000 after purchasing an additional 85 shares in the last quarter. Finally, Forsta AP Fonden grew its stake in shares of Raymond James Financial by 71.3% in the fourth quarter. Forsta AP Fonden now owns 106,200 shares of the financial services provider’s stock worth $17,055,000 after purchasing an additional 44,200 shares in the last quarter. Institutional investors own 83.83% of the company’s stock.

Raymond James Financial Trading Up 0.0%

Shares of RJF stock opened at $146.82 on Thursday. The stock has a 50-day simple moving average of $149.99 and a 200 day simple moving average of $156.74. Raymond James Financial, Inc. has a fifty-two week low of $138.82 and a fifty-two week high of $177.66. The stock has a market capitalization of $28.61 billion, a P/E ratio of 13.88, a P/E/G ratio of 1.13 and a beta of 0.94. 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 announced its earnings results 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 business had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter last year, the business posted $2.42 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. On average, sell-side analysts expect that Raymond James Financial, Inc. will post 11.82 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. Investors of record on Wednesday, July 1st will be given a $0.54 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.5%. Raymond James Financial’s dividend payout ratio (DPR) is 20.42%.

Insider Buying and Selling at Raymond James Financial

In related news, insider Bella Loykhter Allaire sold 29,551 shares of the stock in a transaction on 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 completion of the transaction, the insider owned 53,586 shares in the company, valued at $7,627,431.24. This trade represents a 35.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.58% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Morgan Stanley raised their target price on Raymond James Financial from $171.00 to $172.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. BMO Capital Markets raised their target price on Raymond James Financial from $152.00 to $165.00 and gave the company a “market perform” rating in a research note on Thursday, April 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Raymond James Financial in a research note on Wednesday, May 20th. Barclays reaffirmed an “overweight” rating and set a $182.00 target price (up from $174.00) on shares of Raymond James Financial in a research note on Thursday, April 23rd. Finally, UBS Group reaffirmed a “neutral” rating and set a $166.00 target price (up from $158.00) on shares of Raymond James Financial in a research note on Thursday, April 23rd. Four investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $172.92.

About Raymond James Financial

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.