Susquehanna Fundamental Investments LLC Acquires 181,386 Shares of Raymond James Financial, Inc. $RJF

Susquehanna Fundamental Investments LLC increased its stake in Raymond James Financial, Inc. (NYSE:RJF) by 278.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 246,572 shares of the financial services provider’s stock after buying an additional 181,386 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Raymond James Financial were worth $37,486,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Kingsview Wealth Management LLC lifted its stake in Raymond James Financial by 586.7% in the fourth quarter. Kingsview Wealth Management LLC now owns 20,374 shares of the financial services provider’s stock valued at $3,272,000 after purchasing an additional 17,407 shares during the last quarter. Algebris UK Ltd. purchased a new stake in Raymond James Financial in the fourth quarter worth $10,179,000. Fisher Asset Management LLC raised its stake in shares of Raymond James Financial by 6.9% in the fourth quarter. Fisher Asset Management LLC now owns 392,663 shares of the financial services provider’s stock valued at $63,058,000 after buying an additional 25,410 shares during the period. Swedbank AB lifted its position in shares of Raymond James Financial by 31.1% during the 4th quarter. Swedbank AB now owns 41,436 shares of the financial services provider’s stock valued at $6,654,000 after buying an additional 9,838 shares during the last quarter. Finally, Mizuho Markets Cayman LP bought a new position in shares of Raymond James Financial during the 4th quarter worth $5,347,000. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Raymond James Financial Trading Up 0.1%

Shares of RJF opened at $179.50 on Monday. Raymond James Financial, Inc. has a twelve month low of $138.82 and a twelve month high of $182.73. The stock has a market cap of $34.53 billion, a PE ratio of 15.65, a P/E/G ratio of 1.10 and a beta of 0.92. The company has a quick ratio of 1.03, a current ratio of 1.06 and a debt-to-equity ratio of 0.43. The business’s 50-day moving average price is $170.25 and its 200-day moving average price is $157.99.

Raymond James Financial (NYSE:RJF) last released its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $3.14 EPS for the quarter, beating analysts’ consensus estimates of $2.91 by $0.23. The company had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.87 billion. Raymond James Financial had a net margin of 13.57% and a return on equity of 19.07%. Raymond James Financial’s revenue was up 15.6% compared to the same quarter last year. During the same period last year, the business earned $2.18 earnings per share. On average, equities analysts forecast that Raymond James Financial, Inc. will post 12.07 EPS for the current fiscal year.

Raymond James Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, October 1st. Raymond James Financial’s payout ratio is 18.83%.

Analyst Ratings Changes

Several brokerages recently weighed in on RJF. TD Cowen decreased their price objective on Raymond James Financial from $162.00 to $161.00 and set a “hold” rating for the company in a report on Thursday, July 23rd. JPMorgan Chase & Co. increased their target price on shares of Raymond James Financial from $175.00 to $179.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Argus boosted their price target on shares of Raymond James Financial from $178.00 to $196.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Citizens Jmp upped their price target on shares of Raymond James Financial from $200.00 to $205.00 and gave the company a “market outperform” rating in a research note on Thursday, July 23rd. Finally, UBS Group set a $184.00 price objective on shares of Raymond James Financial and gave the stock a “neutral” rating in a report on Monday, July 27th. Five investment 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 a consensus rating of “Hold” and an average price target of $181.00.

Insider Buying and Selling at Raymond James Financial

In other news, insider Tashtego S. Elwyn sold 10,000 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $176.06, for a total value of $1,760,600.00. Following the transaction, the insider owned 45,114 shares of the company’s stock, valued at approximately $7,942,770.84. This represents a 18.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Steven M. Raney sold 5,770 shares of Raymond James Financial stock in a transaction on Monday, July 27th. The shares were sold at an average price of $172.97, for a total value of $998,036.90. Following the sale, the insider directly owned 43,046 shares of the company’s stock, valued at $7,445,666.62. This represents a 11.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate 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.