SG Americas Securities LLC Has $19.43 Million Stock Holdings in Raymond James Financial, Inc. $RJF

SG Americas Securities LLC increased its position in shares of Raymond James Financial, Inc. (NYSE:RJF) by 345.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 121,011 shares of the financial services provider’s stock after buying an additional 93,872 shares during the quarter. SG Americas Securities LLC owned about 0.06% of Raymond James Financial worth $19,433,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its holdings in shares of Raymond James Financial by 30.8% during the third quarter. Thrivent Financial for Lutherans now owns 60,372 shares of the financial services provider’s stock valued at $10,390,000 after acquiring an additional 14,233 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Raymond James Financial by 28.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,295 shares of the financial services provider’s stock worth $5,402,000 after purchasing an additional 6,953 shares in the last quarter. Plato Investment Management Ltd lifted its holdings in shares of Raymond James Financial by 2,000.9% in the 3rd quarter. Plato Investment Management Ltd now owns 4,559 shares of the financial services provider’s stock worth $781,000 after purchasing an additional 4,342 shares in the last quarter. Allianz Asset Management GmbH grew its position in Raymond James Financial by 24.6% in the 3rd quarter. Allianz Asset Management GmbH now owns 59,067 shares of the financial services provider’s stock valued at $10,195,000 after purchasing an additional 11,680 shares during the period. Finally, Atlantic Union Bankshares Corp bought a new stake in Raymond James Financial during the 3rd quarter valued at $1,487,000. Institutional investors own 83.83% of the company’s stock.

Raymond James Financial Price Performance

Shares of NYSE:RJF opened at $141.33 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.42. The stock has a market cap of $27.85 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 1.07 and a beta of 1.00. The stock’s fifty day simple moving average is $157.33 and its two-hundred day simple moving average is $161.70. Raymond James Financial, Inc. has a 1-year low of $117.57 and a 1-year high of $177.66.

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

Raymond James Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, April 1st. Raymond James Financial’s dividend payout ratio is presently 21.14%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on RJF shares. Barclays initiated coverage on shares of Raymond James Financial in a report on Wednesday, January 28th. They set an “overweight” rating and a $191.00 price objective on the stock. UBS Group set a $176.00 target price on shares of Raymond James Financial and gave the stock a “neutral” rating in a research report on Thursday, December 11th. TD Cowen restated a “hold” rating on shares of Raymond James Financial in a report on Wednesday, January 14th. Morgan Stanley reaffirmed a “positive” rating on shares of Raymond James Financial in a research report on Monday, December 22nd. Finally, Weiss Ratings upgraded Raymond James Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. 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, the stock presently has an average rating of “Hold” and an average target price of $182.17.

Insider Buying and Selling

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

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.