Allspring Global Investments Holdings LLC Buys 11,043 Shares of Raymond James Financial, Inc. $RJF

Allspring Global Investments Holdings LLC lifted its stake in shares of Raymond James Financial, Inc. (NYSE:RJF) by 13.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 95,603 shares of the financial services provider’s stock after buying an additional 11,043 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Raymond James Financial were worth $15,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC boosted its stake in Raymond James Financial by 8.2% during the first 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 increased its stake in shares of Raymond James Financial by 41.8% during the first quarter. Woodline Partners LP now owns 15,580 shares of the financial services provider’s stock valued at $2,164,000 after purchasing an additional 4,592 shares in the last quarter. Lido Advisors LLC purchased a new position in shares of Raymond James Financial during the second quarter valued at approximately $212,000. M&T Bank Corp lifted its holdings in shares of Raymond James Financial by 2.5% during the second quarter. M&T Bank Corp now owns 12,913 shares of the financial services provider’s stock valued at $1,981,000 after purchasing an additional 312 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Raymond James Financial by 137.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,184 shares of the financial services provider’s stock worth $182,000 after purchasing an additional 685 shares in the last quarter. Institutional investors own 83.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RJF. UBS Group set a $176.00 price objective on Raymond James Financial and gave the company a “neutral” rating in a research note on Thursday, December 11th. TD Cowen reissued 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 lifted their price target on Raymond James Financial from $194.00 to $196.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. Finally, 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. Four analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $183.00.

Insider Transactions at Raymond James Financial

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

Raymond James Financial Trading Down 0.0%

Shares of NYSE:RJF opened at $142.18 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.06 and a quick ratio of 1.04. 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 $28.02 billion, a P/E ratio of 13.91, a PEG ratio of 1.07 and a beta of 1.00. The stock’s fifty day moving average price is $154.58 and its 200-day moving average price is $160.75.

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

Raymond James Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, April 1st. Raymond James Financial’s payout ratio is presently 21.14%.

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.