Sebold Capital Management Inc. Takes Position in Raymond James Financial, Inc. $RJF

Sebold Capital Management Inc. acquired a new stake in shares of Raymond James Financial, Inc. (NYSE:RJF) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,323 shares of the financial services provider’s stock, valued at approximately $203,000.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Raymond James Financial by 1.6% during the first quarter. Vanguard Group Inc. now owns 22,244,204 shares of the financial services provider’s stock valued at $3,089,942,000 after purchasing an additional 347,916 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Raymond James Financial by 0.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 4,136,413 shares of the financial services provider’s stock valued at $574,590,000 after purchasing an additional 29,086 shares during the last quarter. Invesco Ltd. boosted its position in Raymond James Financial by 19.1% during the first quarter. Invesco Ltd. now owns 2,901,435 shares of the financial services provider’s stock valued at $403,038,000 after purchasing an additional 466,129 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Raymond James Financial by 8.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,335,254 shares of the financial services provider’s stock valued at $324,390,000 after purchasing an additional 178,262 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Raymond James Financial by 6.7% during the first quarter. Northern Trust Corp now owns 2,247,922 shares of the financial services provider’s stock valued at $312,259,000 after purchasing an additional 140,704 shares during the last quarter. Institutional investors and hedge funds own 83.83% of the company’s stock.

Raymond James Financial Price Performance

Shares of NYSE:RJF opened at $158.71 on Friday. Raymond James Financial, Inc. has a fifty-two week low of $117.57 and a fifty-two week high of $177.66. The business has a 50-day moving average of $166.91 and a two-hundred day moving average of $157.56. The stock has a market capitalization of $31.64 billion, a P/E ratio of 15.42, a P/E/G ratio of 1.19 and a beta of 1.03. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.04 and a quick ratio of 1.02.

Raymond James Financial (NYSE:RJF) last announced its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $3.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.28. Raymond James Financial had a return on equity of 18.33% and a net margin of 13.42%.The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the previous year, the firm earned $2.95 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts predict that Raymond James Financial, Inc. will post 11.17 EPS for the current fiscal year.

Raymond James Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were paid a $0.50 dividend. The ex-dividend date was Wednesday, October 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.3%. Raymond James Financial’s payout ratio is presently 19.44%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. JMP Securities lifted their price objective on Raymond James Financial from $185.00 to $190.00 and gave the company a “market outperform” rating in a research report on Thursday, October 23rd. BMO Capital Markets lifted their price objective on Raymond James Financial from $180.00 to $182.00 and gave the company a “market perform” rating in a research report on Thursday, October 23rd. Cowen reissued a “hold” rating on shares of Raymond James Financial in a research report on Thursday, October 23rd. Keefe, Bruyette & Woods boosted their price target on 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. Finally, Morgan Stanley boosted their price target on Raymond James Financial from $176.00 to $184.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $177.20.

About Raymond James Financial

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.