Integrated Advisors Network LLC Has $4.38 Million Holdings in Raymond James Financial, Inc. $RJF

Integrated Advisors Network LLC lifted its stake in shares of Raymond James Financial, Inc. (NYSE:RJF) by 20.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,371 shares of the financial services provider’s stock after acquiring an additional 4,264 shares during the quarter. Integrated Advisors Network LLC’s holdings in Raymond James Financial were worth $4,379,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in RJF. Norges Bank bought a new stake in Raymond James Financial during the second quarter worth approximately $354,446,000. JPMorgan Chase & Co. lifted its stake in shares of Raymond James Financial by 41.6% in the second quarter. JPMorgan Chase & Co. now owns 5,616,998 shares of the financial services provider’s stock worth $861,479,000 after buying an additional 1,651,380 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Raymond James Financial by 39.9% in the second quarter. First Trust Advisors LP now owns 2,485,569 shares of the financial services provider’s stock worth $381,212,000 after buying an additional 709,315 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Raymond James Financial by 179.8% during the 2nd quarter. American Century Companies Inc. now owns 688,405 shares of the financial services provider’s stock worth $105,581,000 after buying an additional 442,340 shares during the period. Finally, Marshall Wace LLP grew its stake in Raymond James Financial by 824.7% in the 2nd quarter. Marshall Wace LLP now owns 438,213 shares of the financial services provider’s stock valued at $67,209,000 after buying an additional 390,821 shares during the last quarter. 83.83% of the stock is owned by institutional investors.

Raymond James Financial Trading Down 4.4%

Raymond James Financial stock opened at $152.68 on Friday. The business has a 50 day moving average price of $164.93 and a two-hundred day moving average price of $164.30. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.42. Raymond James Financial, Inc. has a 12 month low of $117.57 and a 12 month high of $177.66. The stock has a market cap of $30.09 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 1.18 and a beta of 1.00.

Raymond James Financial (NYSE:RJF) last released its quarterly earnings data on Wednesday, January 28th. The financial services provider reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.03. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Raymond James Financial had a return on equity of 17.65% and a net margin of 13.07%.Raymond James Financial’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.93 earnings per share. As a group, equities analysts forecast that Raymond James Financial, Inc. will post 11.17 EPS for the current year.

Raymond James Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be paid a $0.54 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.4%. Raymond James Financial’s dividend payout ratio is currently 21.14%.

Analysts Set New Price Targets

A number of research analysts have weighed in on RJF shares. UBS Group set a $176.00 target price on shares of Raymond James Financial and gave the stock a “neutral” rating in a research report on Thursday, December 11th. Barclays started coverage on Raymond James Financial in a research report on Wednesday, January 28th. They set an “overweight” rating and a $191.00 price objective for the company. TD Cowen restated a “hold” rating on shares of Raymond James Financial in a research note on Wednesday, January 14th. Bank of America lifted their price target on Raymond James Financial from $194.00 to $196.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. Finally, Morgan Stanley reissued a “positive” rating on shares of Raymond James Financial in a research report on Monday, December 22nd. Five analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Raymond James Financial currently has a consensus rating of “Hold” and an average target price of $182.17.

Insider Activity at Raymond James Financial

In other news, insider Paul C. Reilly sold 130,687 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $163.15, for a total transaction of $21,321,584.05. Following the completion of the transaction, the insider directly owned 260,546 shares of the company’s stock, valued at approximately $42,508,079.90. This trade represents a 33.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.58% of the company’s stock.

Raymond James Financial Company 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.