Atria Investments Inc Has $3.71 Million Stock Holdings in Raymond James Financial, Inc. $RJF

Atria Investments Inc lowered its position in Raymond James Financial, Inc. (NYSE:RJF) by 14.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,502 shares of the financial services provider’s stock after selling 3,684 shares during the quarter. Atria Investments Inc’s holdings in Raymond James Financial were worth $3,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in RJF. Illinois Municipal Retirement Fund increased its position in Raymond James Financial by 0.5% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 170,710 shares of the financial services provider’s stock valued at $29,465,000 after acquiring an additional 779 shares during the period. Leuthold Group LLC grew its stake in shares of Raymond James Financial by 3.2% in the third quarter. Leuthold Group LLC now owns 27,455 shares of the financial services provider’s stock worth $4,739,000 after purchasing an additional 839 shares during the last quarter. Cibc World Market Inc. raised its position in Raymond James Financial by 41.9% during the 3rd quarter. Cibc World Market Inc. now owns 22,424 shares of the financial services provider’s stock worth $3,870,000 after purchasing an additional 6,624 shares during the last quarter. Caprock Group LLC acquired a new position in Raymond James Financial during the 3rd quarter worth about $1,469,000. Finally, Stratos Wealth Partners LTD. bought a new stake in shares of Raymond James Financial in the 3rd quarter valued at about $205,000. Institutional investors own 83.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. UBS Group set a $176.00 price objective on Raymond James Financial and gave the stock a “neutral” rating in a research report on Thursday, December 11th. JMP Securities raised 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 report on Thursday, October 23rd. BMO Capital Markets boosted 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 report on Thursday, October 23rd. JPMorgan Chase & Co. increased their price objective on shares of Raymond James Financial from $178.00 to $180.00 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Finally, Bank of America lifted their target price on shares of Raymond James Financial from $194.00 to $196.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 10th. Four investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Raymond James Financial presently has a consensus rating of “Hold” and an average price target of $182.17.

Insiders Place Their Bets

In related news, insider Paul C. Reilly sold 130,687 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were 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 in the company, valued at $42,508,079.90. This represents a 33.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.58% of the company’s stock.

Raymond James Financial Price Performance

Shares of NYSE RJF opened at $158.42 on Monday. The firm has a market capitalization of $31.22 billion, a P/E ratio of 15.50, a P/E/G ratio of 1.18 and a beta of 1.00. The firm’s 50-day moving average price is $166.12 and its 200-day moving average price is $164.85. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.42. Raymond James Financial, Inc. has a 1-year low of $117.57 and a 1-year high of $177.66.

Raymond James Financial (NYSE:RJF) last issued its earnings results on Wednesday, January 28th. The financial services provider reported $2.86 EPS for the quarter, beating analysts’ consensus estimates 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 firm’s revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.93 EPS. Equities research analysts anticipate that Raymond James Financial, Inc. will post 11.17 earnings per share for the current fiscal 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 paid a dividend of $0.54 per share. This is a boost from Raymond James Financial’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, January 2nd. This represents a $2.16 dividend on an annualized basis and a yield of 1.4%. Raymond James Financial’s dividend payout ratio (DPR) is presently 21.14%.

About Raymond James Financial

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.