58,212 Shares in Raymond James Financial, Inc. $RJF Acquired by Aware Super Pty Ltd as trustee of Aware Super

Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in Raymond James Financial, Inc. (NYSE:RJF) in the first quarter, according to its most recent filing with the SEC. The fund acquired 58,212 shares of the financial services provider’s stock, valued at approximately $8,429,000.

Several other institutional investors have also recently made changes to their positions in RJF. Reflection Asset Management bought a new position in shares of Raymond James Financial in the fourth quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Raymond James Financial during the 4th quarter valued at $32,000. Harbor Investment Advisory LLC raised its stake in shares of 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 valued at $34,000 after purchasing an additional 172 shares during the period. Hilton Head Capital Partners LLC purchased a new stake in Raymond James Financial during the 4th quarter worth about $35,000. Finally, Steigerwald Gordon & Koch Inc. lifted its holdings in Raymond James Financial by 760.0% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 258 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 228 shares in the last quarter. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Raymond James Financial Price Performance

Shares of NYSE:RJF opened at $168.41 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 0.44. The stock has a market cap of $32.82 billion, a PE ratio of 15.92, a PEG ratio of 1.08 and a beta of 0.93. The company’s fifty day moving average is $155.56 and its 200 day moving average is $156.41. Raymond James Financial, Inc. has a 52 week low of $138.82 and a 52 week high of $177.66.

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. The firm had revenue of $3.86 billion for 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%.The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period last year, the firm earned $2.42 earnings per share. Research analysts anticipate that Raymond James Financial, Inc. will post 11.84 earnings per share for the current year.

Raymond James Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.3%. The ex-dividend date was Wednesday, July 1st. Raymond James Financial’s dividend payout ratio (DPR) is presently 20.42%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RJF. TD Cowen reduced their target price on Raymond James Financial from $159.00 to $155.00 and set a “hold” rating for the company in a report on Thursday, May 28th. BMO Capital Markets increased 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 report on Thursday, April 23rd. Citizens Jmp raised their price objective on shares of Raymond James Financial from $190.00 to $200.00 and gave the company a “market outperform” rating in a research report on Thursday, July 9th. Jefferies Financial Group reduced their price objective on shares of Raymond James Financial from $165.00 to $145.00 and set a “hold” rating for the company in a research note on Monday, April 6th. Finally, Barclays upped their target price on shares of Raymond James Financial from $182.00 to $192.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $176.64.

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.