Integrated Advisors Network LLC Has $4.38 Million Holdings in Raymond James Financial, Inc. $RJF

Integrated Advisors Network LLC increased its stake in shares of Raymond James Financial, Inc. (NYSE:RJF) by 20.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,371 shares of the financial services provider’s stock after buying an additional 4,264 shares during the quarter. Integrated Advisors Network LLC’s holdings in Raymond James Financial were worth $4,379,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of RJF. Norges Bank acquired a new position in Raymond James Financial during the second quarter worth $354,446,000. JPMorgan Chase & Co. grew its holdings in shares of Raymond James Financial by 41.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,616,998 shares of the financial services provider’s stock worth $861,479,000 after purchasing an additional 1,651,380 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Raymond James Financial by 39.9% in the 2nd quarter. First Trust Advisors LP now owns 2,485,569 shares of the financial services provider’s stock worth $381,212,000 after purchasing an additional 709,315 shares during the last quarter. American Century Companies Inc. increased its position in shares of Raymond James Financial by 179.8% during the 2nd quarter. American Century Companies Inc. now owns 688,405 shares of the financial services provider’s stock worth $105,581,000 after purchasing an additional 442,340 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in Raymond James Financial by 824.7% in the second quarter. Marshall Wace LLP now owns 438,213 shares of the financial services provider’s stock valued at $67,209,000 after buying an additional 390,821 shares in the last quarter. Institutional investors and hedge funds own 83.83% of the company’s stock.

Analysts Set New Price Targets

RJF has been the subject of several recent analyst reports. Morgan Stanley reaffirmed a “positive” rating on shares of Raymond James Financial in a report on Monday, December 22nd. UBS Group set a $176.00 price target on Raymond James Financial and gave the company a “neutral” rating in a report on Thursday, December 11th. TD Cowen reissued a “hold” rating on shares of Raymond James Financial in a research note on Wednesday, January 14th. Weiss Ratings upgraded Raymond James Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Finally, Barclays started coverage on Raymond James Financial in a report on Wednesday, January 28th. They issued an “overweight” rating and a $191.00 price target for the company. Five research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $182.17.

Insider Activity at Raymond James Financial

In related news, insider Paul C. Reilly sold 130,687 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $163.15, for a total transaction of $21,321,584.05. Following the completion of the sale, the insider directly owned 260,546 shares of the company’s stock, valued at $42,508,079.90. The trade was a 33.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.58% of the stock is currently owned by corporate insiders.

Raymond James Financial Stock Down 4.4%

NYSE RJF opened at $152.68 on Friday. The stock has a market capitalization of $30.09 billion, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 1.18 and a beta of 1.00. Raymond James Financial, Inc. has a 52 week low of $117.57 and a 52 week high of $177.66. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.04 and a current ratio of 1.06. The stock has a fifty day moving average of $164.93 and a 200-day moving average of $164.30.

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

Raymond James Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, April 1st. Raymond James Financial’s dividend payout ratio (DPR) is 21.14%.

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.