iSAM Funds UK Ltd Makes New Investment in Raymond James Financial, Inc. $RJF

iSAM Funds UK Ltd bought a new stake in shares of Raymond James Financial, Inc. (NYSE:RJF) during the 3rd quarter, Holdings Channel reports. The firm bought 13,018 shares of the financial services provider’s stock, valued at approximately $2,247,000.

A number of other institutional investors have also recently made changes to their positions in the stock. West Branch Capital LLC bought a new stake in shares of Raymond James Financial in the third quarter worth approximately $26,000. Salomon & Ludwin LLC bought a new position in Raymond James Financial during the third quarter valued at approximately $31,000. Quent Capital LLC bought a new position in Raymond James Financial during the third quarter valued at approximately $33,000. Anfield Capital Management LLC purchased a new stake in Raymond James Financial in the third quarter worth approximately $33,000. Finally, Clearstead Trust LLC boosted its holdings in Raymond James Financial by 174.0% in the third quarter. Clearstead Trust LLC now owns 285 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. UBS Group set a $176.00 target price on shares of Raymond James Financial and gave the company a “neutral” rating in a research note on Thursday, December 11th. Weiss Ratings upgraded Raymond James Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. TD Cowen reaffirmed a “hold” rating on shares of Raymond James Financial in a report on Wednesday, January 14th. Bank of America upped their price objective on Raymond James Financial from $194.00 to $196.00 and gave the company a “neutral” rating in a research report on Wednesday, December 10th. Finally, Morgan Stanley reissued a “positive” rating on shares of Raymond James Financial in a report on Monday, December 22nd. Five research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Raymond James Financial currently has a consensus rating of “Hold” and a consensus price target of $182.17.

Raymond James Financial Stock Up 1.0%

RJF opened at $146.07 on Friday. The firm’s 50 day simple moving average is $162.36 and its two-hundred day simple moving average is $163.38. The company has a market capitalization of $28.79 billion, a PE ratio of 14.29, a PEG ratio of 1.07 and a beta of 1.00. Raymond James Financial, Inc. has a 1-year low of $117.57 and a 1-year high of $177.66. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.42.

Raymond James Financial (NYSE:RJF) last issued its quarterly earnings data on Wednesday, January 28th. The financial services provider reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.03. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. Raymond James Financial had a net margin of 13.07% and a return on equity of 17.65%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.93 EPS. As a group, equities analysts forecast that Raymond James Financial, Inc. will post 11.17 EPS for the current year.

Raymond James Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, April 1st. Raymond James Financial’s payout ratio is currently 21.14%.

Insider Transactions at Raymond James Financial

In other Raymond James Financial news, insider Paul C. Reilly sold 130,687 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $163.15, for a total value of $21,321,584.05. Following the completion of the sale, the insider owned 260,546 shares in the company, valued at $42,508,079.90. This represents a 33.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.58% of the company’s stock.

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.