Raymond James Financial, Inc. $RJF Holdings Raised by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp raised its stake in shares of Raymond James Financial, Inc. (NYSE:RJF) by 15.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,675 shares of the financial services provider’s stock after buying an additional 3,171 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Raymond James Financial were worth $3,428,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Reflection Asset Management acquired a new position in shares of Raymond James Financial in the fourth quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Raymond James Financial during the fourth quarter valued at $32,000. Hilton Head Capital Partners LLC purchased a new position in Raymond James Financial in the fourth quarter valued at about $35,000. Steigerwald Gordon & Koch Inc. grew its stake in Raymond James Financial by 760.0% in the first quarter. Steigerwald Gordon & Koch Inc. now owns 258 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 228 shares in the last quarter. Finally, DV Equities LLC acquired a new position in Raymond James Financial in the 4th quarter worth about $40,000. 83.83% of the stock is currently owned by hedge funds and other institutional investors.

Raymond James Financial Price Performance

NYSE RJF opened at $173.57 on Tuesday. Raymond James Financial, Inc. has a fifty-two week low of $138.82 and a fifty-two week high of $177.66. The stock’s 50-day moving average is $157.38 and its two-hundred day moving average is $156.57. The firm has a market cap of $33.83 billion, a P/E ratio of 15.13, a price-to-earnings-growth ratio of 1.06 and a beta of 0.93. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 1.05.

Raymond James Financial (NYSE:RJF) last released its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.91 by $0.23. The company had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.87 billion. Raymond James Financial had a return on equity of 19.17% and a net margin of 13.57%.The firm’s revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.18 EPS. On average, analysts anticipate that Raymond James Financial, Inc. will post 12.01 earnings per share for the current fiscal year.

Raymond James Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $2.16 dividend on an annualized basis and a yield of 1.2%. Raymond James Financial’s dividend payout ratio is presently 18.83%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on RJF shares. Citizens Jmp raised their price target on Raymond James Financial from $200.00 to $205.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 23rd. Morgan Stanley boosted their price target on Raymond James Financial from $172.00 to $174.00 and gave the company an “equal weight” rating in a research note on Friday, July 10th. JPMorgan Chase & Co. increased their price objective on Raymond James Financial from $175.00 to $179.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. TD Cowen reduced their target price on shares of Raymond James Financial from $162.00 to $161.00 and set a “hold” rating for the company in a research note on Thursday, July 23rd. Finally, Jefferies Financial Group reduced their target price 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. Four analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Raymond James Financial has a consensus rating of “Hold” and an average target price of $179.64.

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.