Natixis Advisors LLC Acquires 36,191 Shares of Raymond James Financial, Inc. $RJF

Natixis Advisors LLC raised its holdings in Raymond James Financial, Inc. (NYSE:RJF) by 12.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 315,859 shares of the financial services provider’s stock after buying an additional 36,191 shares during the period. Natixis Advisors LLC’s holdings in Raymond James Financial were worth $54,517,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. West Branch Capital LLC purchased a new stake in shares of Raymond James Financial during the third quarter valued at $26,000. Salomon & Ludwin LLC bought a new stake in Raymond James Financial during the 3rd quarter valued at about $31,000. Quent Capital LLC bought a new stake in Raymond James Financial during the 3rd quarter valued at about $33,000. Anfield Capital Management LLC purchased a new stake in Raymond James Financial in the 3rd quarter valued at about $33,000. Finally, Clearstead Trust LLC increased its position in shares of Raymond James Financial by 174.0% during the third quarter. Clearstead Trust LLC now owns 285 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 181 shares during the period. 83.83% of the stock is currently owned by institutional investors.

Raymond James Financial Stock Down 0.7%

Shares of NYSE RJF opened at $151.05 on Tuesday. Raymond James Financial, Inc. has a 12-month low of $117.57 and a 12-month high of $177.66. The stock’s fifty day simple moving average is $163.56 and its two-hundred day simple moving average is $163.87. The stock has a market capitalization of $29.77 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 1.13 and a beta of 1.00. 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 (NYSE:RJF) last released its quarterly earnings results 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 firm 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 business’s revenue for the quarter 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. As a group, analysts expect that Raymond James Financial, Inc. will post 11.17 EPS for the current fiscal year.

Raymond James Financial Announces Dividend

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

Insider Buying and Selling

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

Analyst Ratings Changes

RJF has been the topic of several research analyst reports. Barclays began coverage on Raymond James Financial in a research note on Wednesday, January 28th. They issued an “overweight” rating and a $191.00 price objective on the stock. Bank of America raised their price target 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 upgraded Raymond James Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Morgan Stanley reiterated a “positive” rating on shares of Raymond James Financial in a report on Monday, December 22nd. Finally, UBS Group set a $176.00 target price on shares of Raymond James Financial and gave the company a “neutral” rating in a research report on Thursday, December 11th. Five research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $182.17.

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.