Swedbank AB Has $4.85 Million Holdings in Raymond James Financial, Inc. $RJF

Swedbank AB boosted its holdings in Raymond James Financial, Inc. (NYSE:RJF) by 173.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,598 shares of the financial services provider’s stock after buying an additional 20,022 shares during the quarter. Swedbank AB’s holdings in Raymond James Financial were worth $4,846,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Venturi Wealth Management LLC boosted its stake in Raymond James Financial by 2.2% in the first quarter. Venturi Wealth Management LLC now owns 3,318 shares of the financial services provider’s stock valued at $461,000 after buying an additional 73 shares in the last quarter. EP Wealth Advisors LLC boosted its stake in Raymond James Financial by 5.5% in the first quarter. EP Wealth Advisors LLC now owns 1,506 shares of the financial services provider’s stock valued at $209,000 after buying an additional 78 shares in the last quarter. Cigna Investments Inc. New boosted its stake in shares of Raymond James Financial by 4.1% during the first quarter. Cigna Investments Inc. New now owns 2,044 shares of the financial services provider’s stock valued at $284,000 after purchasing an additional 81 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Raymond James Financial by 9.0% during the first quarter. Farther Finance Advisors LLC now owns 994 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 82 shares in the last quarter. Finally, Dynasty Wealth Management LLC boosted its stake in shares of Raymond James Financial by 4.9% during the first quarter. Dynasty Wealth Management LLC now owns 2,017 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 94 shares in the last quarter. 83.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RJF has been the topic of a number of recent research reports. JMP Securities lifted their price target on Raymond James Financial from $175.00 to $180.00 and gave the company a “market outperform” rating in a research note on Monday, July 14th. Wells Fargo & Company lifted their price target on Raymond James Financial from $155.00 to $163.00 and gave the company an “equal weight” rating in a research note on Friday, July 11th. JPMorgan Chase & Co. lifted their price target on Raymond James Financial from $151.00 to $172.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Keefe, Bruyette & Woods lifted their price target on Raymond James Financial from $167.00 to $170.00 and gave the company a “market perform” rating in a research note on Thursday, July 24th. Finally, Morgan Stanley lifted their price target on Raymond James Financial from $136.00 to $180.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $163.80.

Raymond James Financial Trading Up 0.1%

NYSE RJF opened at $174.15 on Monday. The company has a market cap of $34.72 billion, a price-to-earnings ratio of 17.07, a P/E/G ratio of 1.43 and a beta of 1.04. Raymond James Financial, Inc. has a 52 week low of $117.57 and a 52 week high of $175.27. The business has a 50 day moving average price of $165.82 and a 200-day moving average price of $151.74. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.33.

Raymond James Financial (NYSE:RJF) last released its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $2.18 EPS for the quarter, missing the consensus estimate of $2.36 by ($0.18). The firm had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.38 billion. Raymond James Financial had a net margin of 13.56% and a return on equity of 18.38%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.39 EPS. As a group, equities analysts expect that Raymond James Financial, Inc. will post 11.17 earnings per share for the current fiscal year.

Raymond James Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, October 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.1%. Raymond James Financial’s payout ratio is currently 19.61%.

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.