World Investment Advisors Has $4.77 Million Holdings in Raymond James Financial, Inc. $RJF

World Investment Advisors lifted its holdings in Raymond James Financial, Inc. (NYSE:RJF) by 4.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,130 shares of the financial services provider’s stock after acquiring an additional 1,433 shares during the period. World Investment Advisors’ holdings in Raymond James Financial were worth $4,774,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC lifted its holdings in shares of Raymond James Financial by 164.0% in the first quarter. Golden State Wealth Management LLC now owns 198 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 123 shares during the last quarter. Olde Wealth Management LLC bought a new position in Raymond James Financial in the 1st quarter valued at approximately $33,000. Princeton Global Asset Management LLC raised its holdings in Raymond James Financial by 69.0% in the 2nd quarter. Princeton Global Asset Management LLC now owns 245 shares of the financial services provider’s stock valued at $38,000 after buying an additional 100 shares during the last quarter. TCTC Holdings LLC raised its holdings in Raymond James Financial by 72.9% in the 1st quarter. TCTC Holdings LLC now owns 287 shares of the financial services provider’s stock valued at $40,000 after buying an additional 121 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in Raymond James Financial by 364.3% in the 1st quarter. Larson Financial Group LLC now owns 325 shares of the financial services provider’s stock valued at $45,000 after buying an additional 255 shares during the last quarter. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on RJF shares. TD Cowen raised their price objective on shares of Raymond James Financial from $175.00 to $180.00 and gave the company a “hold” rating in a report on Thursday, October 23rd. BMO Capital Markets raised their price objective on shares of Raymond James Financial from $180.00 to $182.00 and gave the company a “market perform” rating in a report on Thursday, October 23rd. Citigroup reiterated an “outperform” rating on shares of Raymond James Financial in a report on Thursday, October 9th. Wells Fargo & Company raised their price target on shares of Raymond James Financial from $155.00 to $163.00 and gave the stock an “equal weight” rating in a report on Friday, July 11th. Finally, Cowen restated a “hold” rating on shares of Raymond James Financial in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Raymond James Financial presently has a consensus rating of “Hold” and an average price target of $177.20.

Raymond James Financial Stock Performance

Shares of RJF stock opened at $157.95 on Thursday. The company has a market cap of $31.49 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 1.20 and a beta of 1.03. Raymond James Financial, Inc. has a 52 week low of $117.57 and a 52 week high of $177.66. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average of $167.12 and a 200-day moving average of $157.25.

Raymond James Financial (NYSE:RJF) last posted its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.28. Raymond James Financial had a net margin of 13.42% and a return on equity of 18.33%. The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter last year, the firm posted $2.95 EPS. Raymond James Financial’s revenue was up 7.7% compared to the same quarter last year. On average, equities analysts forecast that Raymond James Financial, Inc. will post 11.17 earnings per share for the current year.

Raymond James Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, October 1st. Raymond James Financial’s payout ratio is currently 19.44%.

About Raymond James Financial

Raymond James Financial, Inc, a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments.