Raymond James Financial, Inc. $RJF Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its position in shares of Raymond James Financial, Inc. (NYSE:RJF) by 64.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 198,547 shares of the financial services provider’s stock after purchasing an additional 77,536 shares during the quarter. SG Americas Securities LLC owned about 0.10% of Raymond James Financial worth $28,748,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Reflection Asset Management bought a new position in Raymond James Financial during the fourth quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Raymond James Financial in the fourth quarter worth about $32,000. Anfield Capital Management LLC acquired a new stake in Raymond James Financial in the 3rd quarter valued at about $33,000. Harbor Investment Advisory LLC lifted its holdings in Raymond James Financial by 452.6% in the 4th quarter. Harbor Investment Advisory LLC now owns 210 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 172 shares during the last quarter. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Raymond James Financial during the 4th quarter valued at about $35,000. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Raymond James Financial Price Performance

RJF opened at $157.31 on Wednesday. The stock has a fifty day moving average of $152.80 and a 200-day moving average of $156.58. The firm has a market capitalization of $30.66 billion, a P/E ratio of 14.87, a PEG ratio of 1.20 and a beta of 0.94. Raymond James Financial, Inc. has a 12-month low of $138.82 and a 12-month high of $177.66. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 0.44.

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, topping the consensus estimate of $2.76 by $0.07. The business had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Raymond James Financial had a return on equity of 17.93% and a net margin of 13.04%.Raymond James Financial’s revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.42 earnings per share. Equities analysts forecast that Raymond James Financial, Inc. will post 11.82 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. This represents a $2.16 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, July 1st. Raymond James Financial’s payout ratio is 20.42%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on RJF shares. UBS Group reaffirmed a “neutral” rating and issued a $166.00 price objective (up from $158.00) on shares of Raymond James Financial in a research note on Thursday, April 23rd. Morgan Stanley raised their target price 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. BMO Capital Markets lifted their price target on shares of Raymond James Financial from $152.00 to $165.00 and gave the stock a “market perform” rating in a research report on Thursday, April 23rd. Barclays reaffirmed an “overweight” rating and issued a $182.00 price target (up from $174.00) on shares of Raymond James Financial in a report on Thursday, April 23rd. Finally, Jefferies Financial Group cut their price objective on Raymond James Financial from $165.00 to $145.00 and set a “hold” rating for the company in a research report on Monday, April 6th. Four analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $172.92.

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.