Arbejdsmarkedets Tillaegspension Purchases 33,267 Shares of Raymond James Financial, Inc. $RJF

Arbejdsmarkedets Tillaegspension lifted its position in Raymond James Financial, Inc. (NYSE:RJF) by 23.6% during the first quarter, Holdings Channel reports. The institutional investor owned 174,290 shares of the financial services provider’s stock after buying an additional 33,267 shares during the quarter. Arbejdsmarkedets Tillaegspension’s holdings in Raymond James Financial were worth $25,235,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of RJF. Great Valley Advisor Group Inc. boosted its stake in Raymond James Financial by 1.5% in the second quarter. Great Valley Advisor Group Inc. now owns 4,076 shares of the financial services provider’s stock valued at $625,000 after acquiring an additional 61 shares in the last quarter. Salomon & Ludwin LLC lifted its holdings in shares of Raymond James Financial by 34.8% during the 4th quarter. Salomon & Ludwin LLC now owns 252 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 65 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its position in shares of Raymond James Financial by 2.5% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 2,782 shares of the financial services provider’s stock worth $447,000 after purchasing an additional 68 shares in the last quarter. Bridgewater Advisors Inc. boosted its position in shares of Raymond James Financial by 1.3% in the 4th quarter. Bridgewater Advisors Inc. now owns 5,261 shares of the financial services provider’s stock worth $892,000 after purchasing an additional 68 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in Raymond James Financial by 4.3% during the 3rd quarter. Parallel Advisors LLC now owns 1,722 shares of the financial services provider’s stock worth $297,000 after buying an additional 71 shares during the last quarter. Institutional investors own 83.83% of the company’s stock.

Raymond James Financial Trading Up 0.0%

Shares of NYSE:RJF opened at $168.15 on Monday. 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, Inc. has a 52-week low of $138.82 and a 52-week high of $177.66. The stock has a market cap of $32.77 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 1.07 and a beta of 0.93. The business has a 50-day moving average price of $154.40 and a 200-day moving average price of $156.25.

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, beating 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 analyst estimates of $3.92 billion. During the same quarter in the prior year, the firm earned $2.42 earnings per share. Raymond James Financial’s revenue for the quarter was up 13.4% on a year-over-year basis. Equities analysts predict that Raymond James Financial, Inc. will post 11.83 EPS for the current year.

Raymond James Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, July 1st. Raymond James Financial’s dividend payout ratio is 20.42%.

Raymond James Financial News Summary

Here are the key news stories impacting Raymond James Financial this week:

• Positive Sentiment: Several analysts turned more constructive on Raymond James Financial after earnings, including Citizens JMP raising its price target to $200 and Barclays lifting its target to $192 with an overweight rating, signaling expectations for further upside. Raymond James Financial (NYSE:RJF) Given New $200.00 Price Target at Citizens Jmp
• Positive Sentiment: Morgan Stanley also raised its target to $174, and a separate article suggested RJF could be about 3% undervalued after posting strong quarterly results, reinforcing the case that recent fundamentals may be better than the market is pricing in. Raymond James Financial (RJF) Could Be 3% Undervalued After Strong Quarterly Results
• Neutral Sentiment: UBS kept a hold rating on Raymond James Financial, indicating some analysts still see limited near-term upside despite the recent positive momentum. UBS Sticks to Their Hold Rating for Raymond James Financial (RJF)

Analysts Set New Price Targets

RJF has been the subject of several recent analyst reports. Citizens Jmp raised their price target on Raymond James Financial from $190.00 to $200.00 and gave the stock a “market outperform” rating in a report on Thursday. Barclays upped their price objective on shares of Raymond James Financial from $182.00 to $192.00 and gave the company an “overweight” rating in a report on Thursday. Citigroup reaffirmed an “outperform” rating on shares of Raymond James Financial in a research report on Thursday. TD Cowen lowered 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 research note on Thursday, May 28th. Finally, Morgan Stanley boosted their target price on shares of Raymond James Financial from $172.00 to $174.00 and gave the stock an “equal weight” rating in a research report on Friday. Four investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $176.64.

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.