Fideuram Asset Management Ireland dac Invests $871,000 in Raymond James Financial, Inc. $RJF

Fideuram Asset Management Ireland dac bought a new position in shares of Raymond James Financial, Inc. (NYSE:RJF) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,329 shares of the financial services provider’s stock, valued at approximately $871,000.

A number of other institutional investors also recently modified their holdings of RJF. Empowered Funds LLC boosted its holdings in shares of Raymond James Financial by 8.2% during the first quarter. Empowered Funds LLC now owns 4,142 shares of the financial services provider’s stock worth $573,000 after purchasing an additional 314 shares during the period. Woodline Partners LP boosted its holdings in shares of Raymond James Financial by 41.8% during the first quarter. Woodline Partners LP now owns 15,580 shares of the financial services provider’s stock worth $2,164,000 after purchasing an additional 4,592 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Raymond James Financial by 137.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,184 shares of the financial services provider’s stock worth $182,000 after purchasing an additional 685 shares during the period. Brown Advisory Inc. boosted its holdings in shares of Raymond James Financial by 15.1% during the second quarter. Brown Advisory Inc. now owns 2,268 shares of the financial services provider’s stock worth $348,000 after purchasing an additional 298 shares during the period. Finally, Cresset Asset Management LLC purchased a new stake in shares of Raymond James Financial during the second quarter worth about $363,000. 83.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Raymond James Financial

In other Raymond James Financial news, insider Bella Loykhter Allaire sold 29,551 shares of the firm’s 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 completion of the transaction, the insider owned 53,586 shares of the company’s stock, valued at approximately $7,627,431.24. This trade represents a 35.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.58% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. TD Cowen dropped their target price on shares of Raymond James Financial from $159.00 to $155.00 and set a “hold” rating for the company in a report on Thursday. UBS Group restated a “neutral” rating and issued a $166.00 price objective (up from $158.00) on shares of Raymond James Financial in a report on Thursday, April 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Raymond James Financial in a report on Wednesday, May 20th. BMO Capital Markets raised their price objective on shares of Raymond James Financial from $152.00 to $165.00 and gave the stock a “market perform” rating in a report on Thursday, April 23rd. Finally, Morgan Stanley raised their price objective on shares of Raymond James Financial from $171.00 to $172.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. Four equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Raymond James Financial 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 $143.30 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 1.05. Raymond James Financial, Inc. has a one year low of $138.82 and a one year high of $177.66. The company has a 50-day simple moving average of $149.83 and a two-hundred day simple moving average of $157.13. The firm has a market capitalization of $27.93 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99.

Raymond James Financial (NYSE:RJF) last issued its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $2.83 EPS for the quarter, topping the consensus estimate of $2.76 by $0.07. Raymond James Financial had a net margin of 13.04% and a return on equity of 17.93%. The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same period last year, the business posted $2.42 earnings per share. Raymond James Financial’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, analysts anticipate that Raymond James Financial, Inc. will post 11.84 EPS for the current fiscal year.

Raymond James Financial Dividend Announcement

The firm also recently announced 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 of this dividend is Wednesday, July 1st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.5%. Raymond James Financial’s dividend payout ratio (DPR) is currently 20.42%.

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.