Canada Pension Plan Investment Board boosted its position in Raymond James Financial, Inc. (NYSE:RJF) by 78.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,900 shares of the financial services provider’s stock after buying an additional 14,000 shares during the period. Canada Pension Plan Investment Board’s holdings in Raymond James Financial were worth $2,433,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of RJF. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Raymond James Financial by 4.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,608 shares of the financial services provider’s stock valued at $111,000 after buying an additional 67 shares during the period. Robecosam AG boosted its position in shares of Raymond James Financial by 29.0% in the third quarter. Robecosam AG now owns 2,000 shares of the financial services provider’s stock valued at $113,000 after buying an additional 450 shares during the period. Independent Portfolio Consultants Inc. boosted its position in shares of Raymond James Financial by 2.3% in the first quarter. Independent Portfolio Consultants Inc. now owns 1,805 shares of the financial services provider’s stock valued at $138,000 after buying an additional 40 shares during the period. FNY Partners Fund LP acquired a new stake in shares of Raymond James Financial during the fourth quarter worth $139,000. Finally, Americafirst Capital Management LLC acquired a new stake in shares of Raymond James Financial during the first quarter worth $168,000. Institutional investors and hedge funds own 70.80% of the company’s stock.
Raymond James Financial, Inc. (NYSE RJF) traded up 0.23% during midday trading on Tuesday, reaching $78.91. The company had a trading volume of 711,210 shares. The company’s 50 day moving average is $74.80 and its 200-day moving average is $74.96. Raymond James Financial, Inc. has a 52-week low of $46.30 and a 52-week high of $81.92. The company has a market capitalization of $11.31 billion, a P/E ratio of 20.61 and a beta of 1.63.
Raymond James Financial (NYSE:RJF) last issued its earnings results on Wednesday, April 26th. The financial services provider reported $1.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.14. Raymond James Financial had a net margin of 9.26% and a return on equity of 12.81%. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the firm earned $0.90 earnings per share. The business’s quarterly revenue was up 19.1% on a year-over-year basis. Equities analysts expect that Raymond James Financial, Inc. will post $4.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Monday, July 3rd will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.12%. The ex-dividend date is Thursday, June 29th. Raymond James Financial’s payout ratio is presently 22.92%.
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RJF has been the topic of a number of analyst reports. Nomura reaffirmed a “buy” rating and issued a $94.00 price objective on shares of Raymond James Financial in a report on Tuesday, May 2nd. Instinet decreased their price target on Raymond James Financial to $89.00 and set a “buy” rating on the stock in a research note on Thursday, May 25th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $85.00 price target on shares of Raymond James Financial in a research note on Wednesday, May 24th. Finally, Wells Fargo & Company reissued a “market perform” rating and set a $85.00 price target (up previously from $82.50) on shares of Raymond James Financial in a research note on Monday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Raymond James Financial currently has an average rating of “Buy” and an average target price of $81.67.
In other Raymond James Financial news, EVP Jonathan N. Santelli sold 1,880 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $73.30, for a total value of $137,804.00. Following the completion of the sale, the executive vice president now owns 3,000 shares of the company’s stock, valued at $219,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.18% of the stock is currently owned by corporate insiders.
Raymond James Financial Company Profile
Raymond James Financial, Inc (RJF) is a financial holding company. The Company’s subsidiaries include Raymond James & Associates, Inc (RJ&A), Raymond James Financial Services, Inc (RJFS), Raymond James Financial Services Advisors, Inc (RJFSA), Raymond James Ltd. (RJ Ltd.), Eagle Asset Management, Inc (Eagle), and Raymond James Bank, N.A.
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