Capstone Investment Advisors LLC Buys New Shares in Raymond James Financial, Inc. $RJF

Capstone Investment Advisors LLC bought a new position in Raymond James Financial, Inc. (NYSE:RJF) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 4,482 shares of the financial services provider’s stock, valued at approximately $681,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Reflection Asset Management bought a new position in shares of Raymond James Financial in the fourth quarter worth about $28,000. Hilton Head Capital Partners LLC bought a new stake in Raymond James Financial during the 4th quarter valued at approximately $35,000. Jones Financial Companies Lllp purchased a new position in Raymond James Financial in the 2nd quarter worth approximately $36,000. Steigerwald Gordon & Koch Inc. lifted its holdings in Raymond James Financial by 760.0% in 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. Finally, Clearstead Trust LLC bought a new position in Raymond James Financial in the 2nd quarter worth approximately $40,000. 83.83% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Steven M. Raney sold 5,770 shares of the company’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $172.97, for a total transaction of $998,036.90. Following the sale, the insider directly owned 43,046 shares in the company, valued at approximately $7,445,666.62. This represents a 11.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tashtego S. Elwyn sold 10,000 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $176.06, for a total transaction of $1,760,600.00. Following the completion of the transaction, the insider directly owned 45,114 shares of the company’s stock, valued at approximately $7,942,770.84. The trade was a 18.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.58% of the company’s stock.

Raymond James Financial Stock Performance

NYSE:RJF opened at $179.50 on Friday. The company has a market cap of $34.53 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 1.08 and a beta of 0.92. Raymond James Financial, Inc. has a 1 year low of $138.82 and a 1 year high of $182.73. The stock’s 50 day simple moving average is $170.25 and its two-hundred day simple moving average is $158.11. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.06 and a quick ratio of 1.03.

Raymond James Financial (NYSE:RJF) last posted its earnings results on Wednesday, July 22nd. The financial services provider reported $3.14 EPS for the quarter, beating analysts’ consensus estimates of $2.91 by $0.23. Raymond James Financial had a return on equity of 19.07% and a net margin of 13.57%.The firm had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same period in the prior year, the company earned $2.18 EPS. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. As a group, equities analysts anticipate that Raymond James Financial, Inc. will post 12.07 earnings per share for the current fiscal year.

Raymond James Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be given a dividend of $0.54 per share. The ex-dividend date is Thursday, October 1st. This represents a $2.16 annualized dividend and a yield of 1.2%. Raymond James Financial’s dividend payout ratio (DPR) is 18.83%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Raymond James Financial from $192.00 to $196.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Morgan Stanley upped 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, July 10th. TD Cowen reduced their price target on shares of Raymond James Financial from $162.00 to $161.00 and set a “hold” rating on the stock in a report on Thursday, July 23rd. Citigroup reiterated a “market outperform” rating on shares of Raymond James Financial in a research note on Thursday, July 23rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Raymond James Financial in a report on Monday, August 17th. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $181.00.

About Raymond James Financial

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.