8,667 Shares in Raymond James Financial, Inc. $RJF Purchased by Caprock Group LLC

Caprock Group LLC bought a new position in Raymond James Financial, Inc. (NYSE:RJF) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,667 shares of the financial services provider’s stock, valued at approximately $1,469,000.

Several other large investors have also recently bought and sold shares of RJF. Stratos Wealth Partners LTD. acquired a new position in shares of Raymond James Financial during the 3rd quarter worth $205,000. Wealthfront Advisers LLC increased its holdings in Raymond James Financial by 40.0% in the 3rd quarter. Wealthfront Advisers LLC now owns 17,561 shares of the financial services provider’s stock valued at $3,031,000 after buying an additional 5,021 shares during the period. Profund Advisors LLC grew its stake in shares of Raymond James Financial by 4.8% in the 3rd quarter. Profund Advisors LLC now owns 2,463 shares of the financial services provider’s stock valued at $425,000 after purchasing an additional 112 shares during the period. Oppenheimer Asset Management Inc. raised its stake in Raymond James Financial by 1.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 33,907 shares of the financial services provider’s stock worth $5,852,000 after acquiring an additional 536 shares in the last quarter. Finally, Plato Investment Management Ltd lifted its holdings in Raymond James Financial by 2,000.9% during the 3rd quarter. Plato Investment Management Ltd now owns 4,559 shares of the financial services provider’s stock valued at $781,000 after purchasing an additional 4,342 shares during the last quarter. 83.83% of the stock is owned by institutional investors and hedge funds.

Raymond James Financial Stock Performance

NYSE RJF opened at $158.42 on Friday. The stock has a fifty day simple moving average of $166.12 and a 200 day simple moving average of $164.89. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $31.22 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.18 and a beta of 1.00. Raymond James Financial, Inc. has a twelve month low of $117.57 and a twelve month high of $177.66.

Raymond James Financial (NYSE:RJF) last released its earnings results on Wednesday, January 28th. The financial services provider reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.03. Raymond James Financial had a net margin of 13.07% and a return on equity of 17.65%. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter in the prior year, the firm posted $2.93 EPS. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. Sell-side analysts expect that Raymond James Financial, Inc. will post 11.17 EPS for the current year.

Raymond James Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, January 2nd. This is an increase from Raymond James Financial’s previous quarterly dividend of $0.50. Raymond James Financial’s dividend payout ratio (DPR) is 21.14%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. TD Cowen restated a “hold” rating on shares of Raymond James Financial in a research report on Wednesday, January 14th. JMP Securities increased 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 report on Thursday, October 23rd. JPMorgan Chase & Co. increased their target price on Raymond James Financial from $178.00 to $180.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. BMO Capital Markets lifted their price target on Raymond James Financial from $180.00 to $182.00 and gave the company a “market perform” rating in a research note on Thursday, October 23rd. Finally, Barclays started coverage on shares of Raymond James Financial in a report on Wednesday, January 28th. They issued an “overweight” rating and a $191.00 price objective on the stock. Four research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $182.17.

Insider Buying and Selling at Raymond James Financial

In other news, insider Paul C. Reilly sold 130,687 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 260,546 shares of the company’s stock, valued at $42,508,079.90. The trade was a 33.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.58% of the company’s stock.

Raymond James Financial 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.