MUFG Securities EMEA plc Buys 3,831 Shares of Raymond James Financial, Inc. $RJF

MUFG Securities EMEA plc increased its stake in shares of Raymond James Financial, Inc. (NYSE:RJF) by 112.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,228 shares of the financial services provider’s stock after purchasing an additional 3,831 shares during the quarter. MUFG Securities EMEA plc’s holdings in Raymond James Financial were worth $1,161,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. BNP Paribas Financial Markets grew its stake in shares of Raymond James Financial by 7.2% during the fourth quarter. BNP Paribas Financial Markets now owns 437,675 shares of the financial services provider’s stock valued at $70,286,000 after purchasing an additional 29,571 shares during the last quarter. Gulf International Bank UK Ltd grew its stake in shares of Raymond James Financial by 0.9% during the fourth quarter. Gulf International Bank UK Ltd now owns 9,854 shares of the financial services provider’s stock valued at $1,582,000 after purchasing an additional 85 shares during the last quarter. Forsta AP Fonden grew its stake in shares of Raymond James Financial by 71.3% during the fourth quarter. Forsta AP Fonden now owns 106,200 shares of the financial services provider’s stock valued at $17,055,000 after purchasing an additional 44,200 shares during the last quarter. Norges Bank bought a new stake in shares of Raymond James Financial during the fourth quarter valued at approximately $324,263,000. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of Raymond James Financial during the fourth quarter valued at approximately $4,833,000. 83.83% of the stock is owned by institutional investors.

Raymond James Financial Price Performance

Shares of RJF stock opened at $147.04 on Wednesday. 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 $28.65 billion, a PE ratio of 13.90, a PEG ratio of 1.12 and a beta of 0.94. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.05 and a current ratio of 1.07. The firm’s 50 day moving average price is $149.89 and its two-hundred day moving average price is $156.97.

Raymond James Financial (NYSE:RJF) last announced its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same period last year, the firm earned $2.42 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, analysts forecast that Raymond James Financial, Inc. will post 11.82 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. Shareholders of record on Wednesday, July 1st will be paid a $0.54 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $2.16 dividend on an annualized basis and a yield of 1.5%. Raymond James Financial’s dividend payout ratio (DPR) is presently 20.42%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. UBS Group reissued a “neutral” rating and set a $166.00 price target (up from $158.00) on shares of Raymond James Financial in a research note on Thursday, April 23rd. Morgan Stanley increased their price target on shares of Raymond James Financial from $171.00 to $172.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. BMO Capital Markets increased their price target on shares of 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. TD Cowen reduced their price objective on shares of Raymond James Financial from $159.00 to $155.00 and set a “hold” rating on the stock in a research note on Thursday, May 28th. Finally, Jefferies Financial Group reduced their price objective on shares of Raymond James Financial from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Monday, April 6th. Four investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Raymond James Financial presently has a consensus rating of “Hold” and an average target price of $172.92.

Insiders Place Their Bets

In other Raymond James Financial news, insider Bella Loykhter Allaire sold 29,551 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $142.34, for a total value of $4,206,289.34. Following the sale, the insider directly owned 53,586 shares in the company, valued at approximately $7,627,431.24. This trade represents a 35.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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.