Schroder Investment Management Group Grows Position in Raymond James Financial, Inc. $RJF

Schroder Investment Management Group raised its holdings in shares of Raymond James Financial, Inc. (NYSE:RJF) by 4.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 204,063 shares of the financial services provider’s stock after purchasing an additional 9,238 shares during the period. Schroder Investment Management Group’s holdings in Raymond James Financial were worth $36,003,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Great Valley Advisor Group Inc. increased its holdings in Raymond James Financial by 1.5% during the second quarter. Great Valley Advisor Group Inc. now owns 4,076 shares of the financial services provider’s stock valued at $625,000 after buying an additional 61 shares during the period. Meridian Wealth Advisors LLC boosted its position in Raymond James Financial by 0.6% during the 3rd quarter. Meridian Wealth Advisors LLC now owns 10,216 shares of the financial services provider’s stock valued at $1,763,000 after acquiring an additional 62 shares in the last quarter. Waterloo Capital L.P. increased its holdings in shares of Raymond James Financial by 2.0% in the 2nd quarter. Waterloo Capital L.P. now owns 3,302 shares of the financial services provider’s stock valued at $506,000 after acquiring an additional 64 shares during the period. Wedmont Private Capital increased its holdings in shares of Raymond James Financial by 0.6% in the 3rd quarter. Wedmont Private Capital now owns 10,425 shares of the financial services provider’s stock valued at $1,727,000 after acquiring an additional 64 shares during the period. Finally, Tectonic Advisors LLC raised its position in shares of Raymond James Financial by 2.0% in the 3rd quarter. Tectonic Advisors LLC now owns 3,264 shares of the financial services provider’s stock worth $563,000 after acquiring an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on RJF shares. Morgan Stanley reaffirmed a “positive” rating on shares of Raymond James Financial in a research report on Monday, December 22nd. Weiss Ratings raised shares of Raymond James Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Bank of America raised their price target on shares of Raymond James Financial from $194.00 to $196.00 and gave the company a “neutral” rating in a report on Wednesday, December 10th. Barclays began coverage on shares of Raymond James Financial in a research note on Wednesday, January 28th. They set an “overweight” rating and a $191.00 price objective for the company. Finally, TD Cowen reissued a “hold” rating on shares of Raymond James Financial in a research report on Wednesday, January 14th. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $182.17.

Insider Activity

In other Raymond James Financial news, insider Paul C. Reilly sold 130,687 shares of the business’s stock in a transaction dated 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.58% of the stock is currently owned by insiders.

Raymond James Financial Trading Down 0.2%

Raymond James Financial stock opened at $148.36 on Thursday. 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 stock has a market cap of $29.24 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 1.10 and a beta of 1.00. The stock has a 50-day moving average of $163.03 and a two-hundred day moving average of $163.65. Raymond James Financial, Inc. has a one year low of $117.57 and a one year high of $177.66.

Raymond James Financial (NYSE:RJF) last announced its quarterly earnings data on Wednesday, January 28th. The financial services provider reported $2.86 EPS for the quarter, beating 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 net margin of 13.07% and a return on equity of 17.65%. Raymond James Financial’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm posted $2.93 EPS. On average, research analysts anticipate that Raymond James Financial, Inc. will post 11.17 EPS for the current fiscal year.

Raymond James Financial Announces Dividend

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. The ex-dividend date of this dividend 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 payout ratio is 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.