BNP Paribas Financial Markets Has $70.29 Million Holdings in Raymond James Financial, Inc. $RJF

BNP Paribas Financial Markets raised its position in shares of Raymond James Financial, Inc. (NYSE:RJF) by 7.2% in the fourth quarter, HoldingsChannel reports. The fund owned 437,675 shares of the financial services provider’s stock after acquiring an additional 29,571 shares during the period. BNP Paribas Financial Markets’ holdings in Raymond James Financial were worth $70,286,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Anfield Capital Management LLC bought a new stake in shares of Raymond James Financial during the third quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Raymond James Financial in the fourth quarter valued at about $32,000. Harbor Investment Advisory LLC raised its stake 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 purchasing an additional 172 shares in the last quarter. Salomon & Ludwin LLC boosted its holdings in shares of Raymond James Financial by 34.8% in the 4th quarter. Salomon & Ludwin LLC now owns 252 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 65 shares in the last quarter. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of Raymond James Financial in the 4th quarter valued at $44,000. Institutional investors own 83.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on RJF shares. Jefferies Financial Group dropped their price target on Raymond James Financial from $165.00 to $145.00 and set a “hold” rating for the company in a research note on Monday, April 6th. Morgan Stanley increased their price target on Raymond James Financial from $171.00 to $172.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Raymond James Financial in a research note on Wednesday, May 20th. TD Cowen dropped their price target on Raymond James Financial from $159.00 to $155.00 and set a “hold” rating for the company in a research note on Thursday, May 28th. Finally, UBS Group reiterated a “neutral” rating and issued a $166.00 price target (up from $158.00) on shares of Raymond James Financial in a research note on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $172.92.

Raymond James Financial Stock Performance

Shares of RJF opened at $146.10 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 1.05. The stock has a 50-day moving average of $149.89 and a 200-day moving average of $156.97. The company has a market cap of $28.47 billion, a PE ratio of 13.81, a P/E/G ratio of 1.10 and a beta of 0.94. Raymond James Financial, Inc. has a one year low of $138.82 and a one year high of $177.66.

Raymond James Financial (NYSE:RJF) last issued its earnings results on Wednesday, April 22nd. The financial services provider reported $2.83 EPS for the quarter, beating the consensus estimate of $2.76 by $0.07. The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period last year, the business posted $2.42 EPS. On average, equities research analysts predict that Raymond James Financial, Inc. will post 11.84 EPS for the current fiscal year.

Raymond James Financial Announces Dividend

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

Insider Transactions at Raymond James Financial

In other Raymond James Financial news, insider Bella Loykhter Allaire sold 29,551 shares of Raymond James Financial stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $142.34, for a total transaction of $4,206,289.34. Following the completion of the transaction, the insider owned 53,586 shares in the company, valued at approximately $7,627,431.24. The trade was a 35.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.58% of the company’s stock.

About Raymond James Financial

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.