Raymond James Financial, Inc. $RJF Holdings Decreased by Congress Asset Management Co.

Congress Asset Management Co. lowered its stake in Raymond James Financial, Inc. (NYSE:RJF) by 19.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 514,314 shares of the financial services provider’s stock after selling 124,776 shares during the quarter. Congress Asset Management Co. owned about 0.26% of Raymond James Financial worth $82,594,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of RJF. SG Americas Securities LLC lifted its stake in shares of Raymond James Financial by 345.9% in the 4th quarter. SG Americas Securities LLC now owns 121,011 shares of the financial services provider’s stock worth $19,433,000 after acquiring an additional 93,872 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Raymond James Financial by 2.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 26,367 shares of the financial services provider’s stock valued at $4,234,000 after acquiring an additional 508 shares during the period. Fulton Bank N.A. increased its stake in shares of Raymond James Financial by 4.1% during the fourth quarter. Fulton Bank N.A. now owns 7,416 shares of the financial services provider’s stock valued at $1,191,000 after acquiring an additional 291 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Raymond James Financial by 8.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 55,860 shares of the financial services provider’s stock worth $9,442,000 after purchasing an additional 4,259 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC lifted its position in Raymond James Financial by 2.0% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 6,456 shares of the financial services provider’s stock worth $1,080,000 after purchasing an additional 129 shares during the period. Institutional investors and hedge funds own 83.83% of the company’s stock.

Insiders Place Their Bets

In other Raymond James Financial news, insider Bella Loykhter Allaire sold 29,551 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $142.34, for a total transaction of $4,206,289.34. Following the sale, the insider owned 53,586 shares in the company, valued at approximately $7,627,431.24. The trade was a 35.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.58% of the company’s stock.

Analyst Ratings Changes

RJF has been the subject of a number of research reports. TD Cowen reaffirmed a “hold” rating on shares of Raymond James Financial in a research note on Wednesday, January 14th. Morgan Stanley restated a “positive” rating on shares of Raymond James Financial in a report on Monday, December 22nd. Bank of America raised their target price on Raymond James Financial from $194.00 to $196.00 and gave the company a “neutral” rating in a research note on Wednesday, December 10th. Weiss Ratings raised Raymond James Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Finally, 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. Five analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $182.17.

Raymond James Financial Price Performance

NYSE RJF opened at $145.20 on Tuesday. Raymond James Financial, Inc. has a 1 year low of $117.57 and a 1 year high of $177.66. The business’s fifty day moving average is $159.46 and its two-hundred day moving average is $162.25. The stock has a market capitalization of $28.62 billion, a P/E ratio of 14.21, a P/E/G ratio of 1.07 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.

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 the consensus estimate of $2.83 by $0.03. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.83 billion. Raymond James Financial had a return on equity of 17.65% and a net margin of 13.07%.The company’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company posted $2.93 EPS. On average, research analysts forecast that Raymond James Financial, Inc. will post 11.17 earnings per share for the current fiscal year.

Raymond James Financial Dividend Announcement

The business also recently declared 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. The ex-dividend date is Wednesday, April 1st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.5%. Raymond James Financial’s dividend payout ratio (DPR) is 21.14%.

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.