3,603 Shares in Raymond James Financial, Inc. $RJF Acquired by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC purchased a new position in Raymond James Financial, Inc. (NYSE:RJF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,603 shares of the financial services provider’s stock, valued at approximately $622,000.

A number of other large investors also recently modified their holdings of RJF. Princeton Global Asset Management LLC boosted its holdings 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. TD Private Client Wealth LLC lifted 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. South Dakota Investment Council boosted its stake 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 worth $61,000 after acquiring an additional 300 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Raymond James Financial during the 2nd quarter worth $64,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Raymond James Financial in the 2nd quarter worth $76,000. 83.83% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Raymond James Financial news, insider Paul C. Reilly sold 130,687 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $163.15, for a total value of $21,321,584.05. Following the sale, the insider owned 260,546 shares of the company’s stock, valued at $42,508,079.90. This trade represents a 33.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.54% of the stock is currently owned by insiders.

Raymond James Financial Price Performance

NYSE RJF opened at $160.32 on Friday. Raymond James Financial, Inc. has a 1 year low of $117.57 and a 1 year high of $177.66. The company has a fifty day simple moving average of $160.27 and a 200 day simple moving average of $161.31. The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44. The company has a market cap of $31.53 billion, a P/E ratio of 15.58, a P/E/G ratio of 0.98 and a beta of 0.99.

Raymond James Financial (NYSE:RJF) last released its earnings results on Wednesday, October 22nd. The financial services provider reported $3.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.28. Raymond James Financial had a net margin of 13.42% and a return on equity of 18.19%. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the previous year, the business earned $2.95 EPS. The business’s revenue was up 7.7% on a year-over-year basis. On average, sell-side analysts predict that Raymond James Financial, Inc. will post 11.17 EPS for the current year.

Raymond James Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 2nd will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.16 annualized dividend and a dividend yield of 1.3%. This is a boost from Raymond James Financial’s previous quarterly dividend of $0.50. Raymond James Financial’s payout ratio is presently 20.99%.

Analysts Set New Price Targets

RJF has been the subject of a number of research analyst reports. JMP Securities increased their price target on shares of Raymond James Financial from $185.00 to $190.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 23rd. TD Cowen increased their target price on shares of Raymond James Financial from $175.00 to $180.00 and gave the stock a “hold” rating in a research report on Thursday, October 23rd. UBS Group set a $176.00 price target on shares of Raymond James Financial and gave the company a “neutral” rating in a report on Thursday, December 11th. BMO Capital Markets upped 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 research note on Thursday, October 23rd. Finally, Keefe, Bruyette & Woods lifted their price objective on Raymond James Financial from $174.00 to $181.00 and gave the company a “market perform” rating in a research report on Thursday, October 23rd. Three equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $180.45.

Raymond James Financial Company Profile

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.