V Square Quantitative Management LLC Purchases 10,776 Shares of Raymond James Financial, Inc. $RJF

V Square Quantitative Management LLC grew its stake in Raymond James Financial, Inc. (NYSE:RJF) by 223.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,602 shares of the financial services provider’s stock after purchasing an additional 10,776 shares during the quarter. V Square Quantitative Management LLC’s holdings in Raymond James Financial were worth $2,393,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Raymond James Financial in the first quarter valued at approximately $25,000. Alpine Bank Wealth Management bought a new position in shares of Raymond James Financial in the first quarter valued at approximately $27,000. Golden State Wealth Management LLC lifted its holdings in shares of Raymond James Financial by 164.0% in the first quarter. Golden State Wealth Management LLC now owns 198 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 123 shares in the last quarter. Olde Wealth Management LLC bought a new position in shares of Raymond James Financial in the first quarter valued at approximately $33,000. Finally, TCTC Holdings LLC lifted its holdings in shares of Raymond James Financial by 72.9% in the first quarter. TCTC Holdings LLC now owns 287 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 121 shares in the last quarter. Institutional investors own 83.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on RJF shares. Citigroup restated a “neutral” rating and issued a $180.00 target price (up previously from $170.00) on shares of Raymond James Financial in a report on Monday, September 22nd. Wells Fargo & Company raised their target price on Raymond James Financial from $155.00 to $163.00 and gave the company an “equal weight” rating in a report on Friday, July 11th. JMP Securities raised their target price on Raymond James Financial from $175.00 to $180.00 and gave the company a “market outperform” rating in a report on Monday, July 14th. JPMorgan Chase & Co. raised their target price on Raymond James Financial from $151.00 to $172.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Finally, Morgan Stanley increased their price target on Raymond James Financial from $136.00 to $180.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $165.30.

Raymond James Financial Stock Performance

Shares of RJF opened at $175.77 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $35.05 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 1.44 and a beta of 1.04. The stock has a 50 day moving average of $167.40 and a 200 day moving average of $152.93. Raymond James Financial, Inc. has a 12 month low of $117.57 and a 12 month high of $177.66.

Raymond James Financial (NYSE:RJF) last issued its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.18). Raymond James Financial had a net margin of 13.56% and a return on equity of 18.38%. The business had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same period in the previous year, the business posted $2.39 earnings per share. The business’s revenue was up 5.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Raymond James Financial, Inc. will post 11.17 earnings per share for the current year.

Raymond James Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $2.00 annualized dividend and a yield of 1.1%. Raymond James Financial’s dividend payout ratio (DPR) is 19.61%.

Raymond James Financial Profile

Raymond James Financial, Inc, a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments.