BI Asset Management Fondsmaeglerselskab A S Has $1.34 Million Holdings in Raymond James Financial, Inc. $RJF

BI Asset Management Fondsmaeglerselskab A S lowered its position in shares of Raymond James Financial, Inc. (NYSE:RJF) by 34.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,236 shares of the financial services provider’s stock after selling 4,861 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Raymond James Financial were worth $1,337,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Reflection Asset Management acquired a new stake in shares of Raymond James Financial in the fourth quarter valued at approximately $28,000. Anfield Capital Management LLC bought a new stake in shares of Raymond James Financial during the 3rd quarter valued at $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 boosted its stake in Raymond James Financial by 452.6% during the 4th quarter. Harbor Investment Advisory LLC now owns 210 shares of the financial services provider’s stock worth $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 fourth quarter worth $35,000. 83.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

RJF has been the subject of several research analyst reports. Jefferies Financial Group reduced their price target on shares of Raymond James Financial from $165.00 to $145.00 and set a “hold” rating for the company in a report on Monday, April 6th. BMO Capital Markets boosted their target price on Raymond James Financial from $152.00 to $165.00 and gave the company a “market perform” rating in a research note on Thursday, April 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Raymond James Financial in a research note on Wednesday, May 20th. Barclays reiterated an “overweight” rating and issued a $182.00 price objective (up from $174.00) on shares of Raymond James Financial in a report on Thursday, April 23rd. Finally, UBS Group reissued a “neutral” rating and issued a $166.00 price objective (up from $158.00) on shares of Raymond James Financial in a research report on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $172.92.

Raymond James Financial Stock Performance

NYSE RJF opened at $154.75 on Thursday. The firm has a market capitalization of $30.16 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 1.21 and a beta of 0.94. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 0.44. The firm’s fifty day moving average price is $152.88 and its two-hundred day moving average price is $156.53. Raymond James Financial, Inc. has a 1 year low of $138.82 and a 1 year high of $177.66.

Raymond James Financial (NYSE:RJF) last announced its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $2.83 earnings per share for the quarter, topping analysts’ consensus estimates of $2.76 by $0.07. Raymond James Financial had a return on equity of 17.93% and a net margin of 13.04%.The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the business earned $2.42 earnings per share. The business’s revenue was up 13.4% compared to the same quarter last year. As a group, research analysts anticipate that Raymond James Financial, Inc. will post 11.82 EPS for the current year.

Raymond James Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Wednesday, July 1st. Raymond James Financial’s dividend payout ratio is 20.42%.

Raymond James Financial Company 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.