Forsta AP Fonden Boosts Position in Raymond James Financial, Inc. $RJF

Forsta AP Fonden boosted its holdings in Raymond James Financial, Inc. (NYSE:RJF) by 71.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 106,200 shares of the financial services provider’s stock after buying an additional 44,200 shares during the period. Forsta AP Fonden’s holdings in Raymond James Financial were worth $17,055,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Anfield Capital Management LLC acquired a new stake in Raymond James Financial in the third quarter valued at approximately $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Raymond James Financial in the fourth quarter valued at approximately $32,000. Harbor Investment Advisory LLC grew its position in Raymond James Financial by 452.6% in the fourth quarter. Harbor Investment Advisory LLC now owns 210 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 172 shares in the last quarter. Salomon & Ludwin LLC grew its position in Raymond James Financial by 34.8% in the fourth quarter. Salomon & Ludwin LLC now owns 252 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 65 shares in the last quarter. Finally, Eagle Bay Advisors LLC acquired a new stake in Raymond James Financial in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 83.83% of the company’s stock.

Insider Transactions at Raymond James Financial

In other Raymond James Financial news, insider Bella Loykhter Allaire sold 29,551 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $142.34, for a total value of $4,206,289.34. Following the sale, the insider directly owned 53,586 shares in the company, valued at approximately $7,627,431.24. This trade represents a 35.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.58% of the company’s stock.

Raymond James Financial Stock Performance

RJF stock opened at $143.30 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.05 and a current ratio of 1.07. The stock has a market capitalization of $27.93 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 1.10 and a beta of 0.99. Raymond James Financial, Inc. has a 1 year low of $138.82 and a 1 year high of $177.66. The stock’s fifty day moving average is $149.83 and its two-hundred day moving average is $157.13.

Raymond James Financial (NYSE:RJF) last posted its earnings results on Wednesday, April 22nd. The financial services provider reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.07. The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Raymond James Financial had a return on equity of 17.93% and a net margin of 13.04%.The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period last year, the business posted $2.42 earnings per share. On average, research analysts predict that Raymond James Financial, Inc. will post 11.84 EPS for the current year.

Raymond James Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Wednesday, July 1st. Raymond James Financial’s dividend payout ratio (DPR) is presently 20.42%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on RJF shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Raymond James Financial in a research report on Wednesday, May 20th. TD Cowen lowered their price objective on shares of Raymond James Financial from $159.00 to $155.00 and set a “hold” rating for the company in a research report on Thursday. BMO Capital Markets increased their price objective on shares of Raymond James Financial from $152.00 to $165.00 and gave the company a “market perform” rating in a research report on Thursday, April 23rd. UBS Group reaffirmed a “neutral” rating and issued a $166.00 price objective (up from $158.00) on shares of Raymond James Financial in a research report on Thursday, April 23rd. Finally, Jefferies Financial Group lowered their price objective on shares of Raymond James Financial from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Monday, April 6th. Four research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $172.92.

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.