Raymond James Financial, Inc. $RJF Shares Bought by First Trust Advisors LP

First Trust Advisors LP raised its position in shares of Raymond James Financial, Inc. (NYSE:RJF) by 4.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,597,519 shares of the financial services provider’s stock after buying an additional 111,950 shares during the quarter. First Trust Advisors LP owned about 1.30% of Raymond James Financial worth $448,332,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC grew its position in shares of Raymond James Financial by 8.2% in the 1st quarter. Empowered Funds LLC now owns 4,142 shares of the financial services provider’s stock worth $573,000 after acquiring an additional 314 shares in the last quarter. Woodline Partners LP raised its position in shares of Raymond James Financial by 41.8% during the 1st quarter. Woodline Partners LP now owns 15,580 shares of the financial services provider’s stock valued at $2,164,000 after acquiring an additional 4,592 shares in the last quarter. Assetmark Inc. lifted its stake in Raymond James Financial by 63.5% during the second quarter. Assetmark Inc. now owns 806 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 313 shares during the last quarter. Resona Asset Management Co. Ltd. boosted its holdings in Raymond James Financial by 4.8% in the second quarter. Resona Asset Management Co. Ltd. now owns 65,741 shares of the financial services provider’s stock worth $10,081,000 after purchasing an additional 3,021 shares during the period. Finally, Savant Capital LLC boosted its holdings in Raymond James Financial by 237.9% in the second quarter. Savant Capital LLC now owns 20,371 shares of the financial services provider’s stock worth $3,124,000 after purchasing an additional 14,343 shares during the period. Institutional investors and hedge funds own 83.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. UBS Group set a $176.00 price target on shares of Raymond James Financial and gave the stock a “neutral” rating in a research report on Thursday, December 11th. Barclays initiated coverage on shares of Raymond James Financial in a research report on Wednesday, January 28th. They set an “overweight” rating and a $191.00 price objective for the company. Weiss Ratings upgraded shares of Raymond James Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Morgan Stanley reissued a “positive” rating on shares of Raymond James Financial in a report on Monday, December 22nd. Finally, TD Cowen restated a “hold” rating on shares of Raymond James Financial in a research note on Wednesday, January 14th. Five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $182.17.

Raymond James Financial Stock Performance

Shares of RJF opened at $152.11 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 market cap of $29.98 billion, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 1.16 and a beta of 1.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.04 and a current ratio of 1.06. The firm has a fifty day moving average of $163.81 and a 200-day moving average of $163.94.

Raymond James Financial (NYSE:RJF) last released its quarterly earnings data on Wednesday, January 28th. The financial services provider reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.03. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Raymond James Financial had a net margin of 13.07% and a return on equity of 17.65%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.93 EPS. As a group, equities analysts anticipate that Raymond James Financial, Inc. will post 11.17 earnings per share for the current year.

Raymond James Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, April 1st. Raymond James Financial’s dividend payout ratio (DPR) is currently 21.14%.

Insiders Place Their Bets

In other Raymond James Financial news, insider Paul C. Reilly sold 130,687 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $163.15, for a total transaction of $21,321,584.05. Following the completion of the transaction, the insider owned 260,546 shares in the company, valued at approximately $42,508,079.90. The trade was a 33.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.58% of the stock is owned by insiders.

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.