Osmosis Investment Management UK Ltd Purchases New Position in Raymond James Financial, Inc. $RJF

Osmosis Investment Management UK Ltd bought a new stake in Raymond James Financial, Inc. (NYSE:RJF) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 4,542 shares of the financial services provider’s stock, valued at approximately $691,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Reflection Asset Management acquired a new stake in Raymond James Financial during the fourth quarter valued at $28,000. Hilton Head Capital Partners LLC acquired a new position in shares of Raymond James Financial in the fourth quarter worth about $35,000. Steigerwald Gordon & Koch Inc. boosted its stake in shares of Raymond James Financial by 760.0% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 258 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 228 shares in the last quarter. Clearstead Trust LLC purchased a new stake in shares of Raymond James Financial during the 2nd quarter worth about $40,000. Finally, DV Equities LLC acquired a new stake in shares of Raymond James Financial during the 4th quarter valued at about $40,000. 83.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Raymond James Financial

In other news, insider Steven M. Raney sold 5,770 shares of Raymond James Financial stock in a transaction that occurred on Monday, July 27th. The stock was 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. The trade was a 11.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Tashtego S. Elwyn sold 10,000 shares of Raymond James Financial stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $176.06, for a total value of $1,760,600.00. Following the completion of the sale, the insider directly owned 45,114 shares in the company, valued at $7,942,770.84. This represents a 18.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.58% of the stock is currently owned by insiders.

Raymond James Financial Stock Down 1.0%

RJF stock opened at $174.92 on Wednesday. Raymond James Financial, Inc. has a 52 week low of $138.82 and a 52 week high of $182.73. 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 firm has a 50-day simple moving average of $169.03 and a 200-day simple moving average of $157.87. The stock has a market capitalization of $33.65 billion, a P/E ratio of 15.25, a P/E/G ratio of 1.08 and a beta of 0.92.

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

Analysts Set New Price Targets

RJF has been the subject of a number of analyst reports. Citigroup reaffirmed a “market outperform” rating on shares of Raymond James Financial in a report on Thursday, July 23rd. Morgan Stanley raised their price objective on Raymond James Financial from $172.00 to $174.00 and gave the company an “equal weight” rating in a report on Friday, July 10th. Argus boosted their price objective on Raymond James Financial from $178.00 to $196.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. UBS Group set a $184.00 target price on Raymond James Financial and gave the stock a “neutral” rating in a research note on Monday, July 27th. Finally, Citizens Jmp increased their target price on Raymond James Financial from $200.00 to $205.00 and gave the company a “market outperform” rating in a research report on Thursday, July 23rd. Five research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $181.00.

Raymond James Financial Company 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.