16,932 Shares in Raymond James Financial, Inc. $RJF Purchased by Johnson Financial Group LLC

Johnson Financial Group LLC bought a new position in Raymond James Financial, Inc. (NYSE:RJF) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 16,932 shares of the financial services provider’s stock, valued at approximately $2,719,000. Raymond James Financial comprises approximately 0.2% of Johnson Financial Group LLC’s portfolio, making the stock its 29th biggest holding.

A number of other large investors have also recently modified their holdings of RJF. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Raymond James Financial during the fourth quarter worth about $32,000. Anfield Capital Management LLC purchased a new stake in Raymond James Financial in the third quarter valued at approximately $33,000. Harbor Investment Advisory LLC lifted its position in Raymond James Financial by 452.6% during the fourth quarter. Harbor Investment Advisory LLC now owns 210 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 172 shares during the last quarter. Salomon & Ludwin LLC lifted its position in Raymond James Financial by 34.8% during the fourth quarter. Salomon & Ludwin LLC now owns 252 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 65 shares during the last quarter. Finally, Eagle Bay Advisors LLC purchased a new position in Raymond James Financial in the 4th quarter worth approximately $44,000. Institutional investors own 83.83% of the company’s stock.

Raymond James Financial Price Performance

RJF stock opened at $146.82 on Thursday. The firm has a market cap of $28.61 billion, a P/E ratio of 13.88, a P/E/G ratio of 1.13 and a beta of 0.94. The firm’s fifty day moving average is $149.99 and its 200 day moving average is $156.74. Raymond James Financial, Inc. has a 52 week low of $138.82 and a 52 week high of $177.66. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.05 and a current ratio of 1.07.

Raymond James Financial (NYSE:RJF) last posted its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.76 by $0.07. Raymond James Financial had a net margin of 13.04% and a return on equity of 17.93%. The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same period in the prior year, the business posted $2.42 earnings per share. The company’s revenue was up 13.4% on a year-over-year basis. Research analysts predict that Raymond James Financial, Inc. will post 11.82 earnings per share for the current year.

Raymond James Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be issued a dividend of $0.54 per share. The ex-dividend date is Wednesday, July 1st. This represents a $2.16 annualized dividend and a yield of 1.5%. Raymond James Financial’s dividend payout ratio is currently 20.42%.

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 stock was sold at an average price of $142.34, for a total value of $4,206,289.34. Following the transaction, the insider directly owned 53,586 shares of the company’s stock, valued at $7,627,431.24. The trade was a 35.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.58% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on RJF shares. Morgan Stanley increased their price target on shares of Raymond James Financial from $171.00 to $172.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. TD Cowen cut their target price on shares of Raymond James Financial from $159.00 to $155.00 and set a “hold” rating for the company in a research report on Thursday, May 28th. UBS Group reissued a “neutral” rating and issued a $166.00 target price (up from $158.00) on shares of Raymond James Financial in a research note on Thursday, April 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Raymond James Financial in a research report on Wednesday, May 20th. Finally, Barclays reaffirmed an “overweight” rating and set a $182.00 price target (up from $174.00) on shares of Raymond James Financial in a research note on Thursday, April 23rd. Four equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $172.92.

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.