Raymond James Financial, Inc. $RJF Stock Holdings Increased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. increased its holdings in Raymond James Financial, Inc. (NYSE:RJF) by 114.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,134 shares of the financial services provider’s stock after purchasing an additional 8,608 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Raymond James Financial were worth $2,591,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Raymond James Financial in the 4th quarter worth approximately $32,000. Anfield Capital Management LLC bought a new stake in shares of Raymond James Financial in the 3rd quarter worth approximately $33,000. Harbor Investment Advisory LLC raised its holdings in shares of Raymond James Financial by 452.6% in the 4th quarter. Harbor Investment Advisory LLC now owns 210 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 172 shares in the last quarter. Hilton Head Capital Partners LLC bought a new stake in shares of Raymond James Financial in the 4th quarter worth approximately $35,000. Finally, Salomon & Ludwin LLC raised its holdings in shares of Raymond James Financial by 34.8% in the 4th quarter. Salomon & Ludwin LLC now owns 252 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 65 shares in the last quarter. 83.83% of the stock is currently owned by institutional investors.

Raymond James Financial Stock Performance

Shares of RJF opened at $154.25 on Monday. The company’s 50 day moving average price is $151.05 and its 200 day moving average price is $156.55. Raymond James Financial, Inc. has a 52 week low of $138.82 and a 52 week high of $177.66. The company has a market capitalization of $30.06 billion, a PE ratio of 14.58, a PEG ratio of 1.19 and a beta of 0.94. 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 announced its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $2.83 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the firm posted $2.42 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis. Research analysts expect that Raymond James Financial, Inc. will post 11.82 EPS for the current fiscal year.

Raymond James Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $2.16 dividend on an annualized basis and a yield of 1.4%. Raymond James Financial’s payout ratio is presently 20.42%.

Analyst Ratings Changes

RJF has been the topic of a number of research reports. TD Cowen dropped their target price on shares of Raymond James Financial from $159.00 to $155.00 and set a “hold” rating on the stock in a report on Thursday, May 28th. Morgan Stanley boosted their price target on shares of Raymond James Financial from $171.00 to $172.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. BMO Capital Markets boosted their price target on shares of Raymond James Financial from $152.00 to $165.00 and gave the company a “market perform” rating in a report on Thursday, April 23rd. UBS Group restated a “neutral” rating and set a $166.00 price target (up from $158.00) on shares of Raymond James Financial in a report on Thursday, April 23rd. Finally, Barclays restated an “overweight” rating and set a $182.00 price target (up from $174.00) on shares of Raymond James Financial in a report on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $172.92.

Insider Buying and Selling

In other Raymond James Financial news, insider Bella Loykhter Allaire sold 29,551 shares of the business’s 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.58% of the stock is owned by corporate insiders.

Raymond James Financial Company 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.