4,600 Shares in Raymond James Financial, Inc. $RJF Acquired by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC acquired a new stake in shares of Raymond James Financial, Inc. (NYSE:RJF) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,600 shares of the financial services provider’s stock, valued at approximately $810,000.

Other large investors have also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC increased its stake in shares of Raymond James Financial by 586.7% in the fourth quarter. Kingsview Wealth Management LLC now owns 20,374 shares of the financial services provider’s stock worth $3,272,000 after acquiring an additional 17,407 shares during the last quarter. Algebris UK Ltd. purchased a new stake in shares of Raymond James Financial during the fourth quarter worth $10,179,000. Fisher Asset Management LLC boosted its position in Raymond James Financial by 6.9% during the fourth quarter. Fisher Asset Management LLC now owns 392,663 shares of the financial services provider’s stock valued at $63,058,000 after purchasing an additional 25,410 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Raymond James Financial by 7.2% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 107,794 shares of the financial services provider’s stock valued at $17,343,000 after purchasing an additional 7,202 shares during the last quarter. Finally, Swedbank AB grew its stake in Raymond James Financial by 31.1% in the fourth quarter. Swedbank AB now owns 41,436 shares of the financial services provider’s stock valued at $6,654,000 after purchasing an additional 9,838 shares in the last quarter. Institutional investors and hedge funds own 83.83% of the company’s stock.

Raymond James Financial Trading Down 0.1%

Shares of NYSE:RJF opened at $180.85 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.03 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $34.79 billion, a PE ratio of 15.77, a P/E/G ratio of 1.11 and a beta of 0.92. Raymond James Financial, Inc. has a 1 year low of $138.82 and a 1 year high of $182.73. The firm has a fifty day moving average price of $165.70 and a 200 day moving average price of $157.52.

Raymond James Financial (NYSE:RJF) last posted its earnings results on Wednesday, July 22nd. The financial services provider reported $3.14 earnings per share for the quarter, beating the consensus estimate of $2.91 by $0.23. Raymond James Financial had a return on equity of 19.07% and a net margin of 13.57%.The company had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same period last year, the company earned $2.18 earnings per share. The business’s revenue was up 15.6% compared to the same quarter last year. Analysts expect that Raymond James Financial, Inc. will post 12.07 EPS for the current fiscal year.

Insider Transactions at Raymond James Financial

In other Raymond James Financial news, insider Tashtego S. Elwyn sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $176.06, for a total transaction of $1,760,600.00. Following the completion of the sale, the insider owned 45,114 shares of the company’s stock, valued at $7,942,770.84. This represents a 18.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven M. Raney sold 5,770 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $172.97, for a total value of $998,036.90. Following the sale, the insider directly owned 43,046 shares of the company’s stock, valued at $7,445,666.62. The trade was a 11.82% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.58% of the company’s stock.

Wall Street Analysts Forecast Growth

RJF has been the topic of several research reports. Argus upped their target price on Raymond James Financial from $178.00 to $196.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Raymond James Financial in a report on Wednesday, May 20th. Morgan Stanley boosted their price target on Raymond James Financial from $172.00 to $174.00 and gave the company an “equal weight” rating in a research note on Friday, July 10th. TD Cowen dropped their price objective on Raymond James Financial from $162.00 to $161.00 and set a “hold” rating on the stock in a report on Thursday, July 23rd. Finally, Barclays raised their price objective on shares of Raymond James Financial from $192.00 to $196.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $181.00.

Raymond James Financial Company 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.