Raymond James Financial, Inc. $RJF Holdings Decreased by Aberdeen Group plc

Aberdeen Group plc reduced its position in shares of Raymond James Financial, Inc. (NYSE:RJF) by 2.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 116,992 shares of the financial services provider’s stock after selling 3,454 shares during the period. Aberdeen Group plc’s holdings in Raymond James Financial were worth $20,641,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in RJF. Great Valley Advisor Group Inc. raised its holdings in shares of 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 worth $625,000 after purchasing an additional 61 shares during the period. Waterloo Capital L.P. raised its stake in Raymond James Financial by 2.0% during the second quarter. Waterloo Capital L.P. now owns 3,302 shares of the financial services provider’s stock worth $506,000 after acquiring an additional 64 shares during the period. Wedmont Private Capital lifted its holdings in Raymond James Financial by 0.6% in the third quarter. Wedmont Private Capital now owns 10,425 shares of the financial services provider’s stock worth $1,727,000 after acquiring an additional 64 shares during the last quarter. Tectonic Advisors LLC boosted its stake in Raymond James Financial by 2.0% in the third quarter. Tectonic Advisors LLC now owns 3,264 shares of the financial services provider’s stock valued at $563,000 after acquiring an additional 65 shares during the period. Finally, Level Four Advisory Services LLC grew its holdings in shares of Raymond James Financial by 2.4% during the second quarter. Level Four Advisory Services LLC now owns 2,880 shares of the financial services provider’s stock valued at $442,000 after purchasing an additional 67 shares during the last quarter. Institutional investors and hedge funds own 83.83% of the company’s stock.

Raymond James Financial Price Performance

NYSE RJF opened at $157.98 on Wednesday. Raymond James Financial, Inc. has a 12 month low of $117.57 and a 12 month high of $177.66. The firm has a market capitalization of $31.14 billion, a PE ratio of 15.46, a P/E/G ratio of 1.18 and a beta of 1.00. The company’s 50 day simple moving average is $165.86 and its 200 day simple moving average is $164.76. 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 (NYSE:RJF) last released its earnings results on Wednesday, January 28th. The financial services provider reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.03. Raymond James Financial had a return on equity of 17.65% and a net margin of 13.07%.The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same period in the prior year, the firm posted $2.93 earnings per share. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, equities research analysts forecast that Raymond James Financial, Inc. will post 11.17 EPS for the current fiscal year.

Raymond James Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, January 2nd. This is an increase from Raymond James Financial’s previous quarterly dividend of $0.50. This represents a $2.16 dividend on an annualized basis and a yield of 1.4%. Raymond James Financial’s dividend payout ratio is presently 21.14%.

Wall Street Analyst Weigh In

RJF has been the topic of several recent research reports. BMO Capital Markets raised their price target on Raymond James Financial from $180.00 to $182.00 and gave the stock a “market perform” rating in a report on Thursday, October 23rd. Citizens Jmp raised their target price on Raymond James Financial from $185.00 to $190.00 and gave the company a “market outperform” rating in a research note on Thursday, October 23rd. Keefe, Bruyette & Woods upped their price target on shares of Raymond James Financial from $174.00 to $181.00 and gave the stock a “market perform” rating in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Raymond James Financial in a research report on Thursday, January 22nd. Finally, Bank of America boosted their target price on shares of Raymond James Financial from $194.00 to $196.00 and gave the company a “neutral” rating in a research note on Wednesday, December 10th. Four investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $182.17.

Insider Buying and Selling

In other news, insider Paul C. Reilly sold 130,687 shares of the firm’s 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 transaction, the insider owned 260,546 shares in the company, valued at approximately $42,508,079.90. This trade represents a 33.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.58% of the company’s stock.

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.