Sei Investments Co. Purchases 25,018 Shares of Raymond James Financial, Inc. $RJF

Sei Investments Co. lifted its position in Raymond James Financial, Inc. (NYSE:RJF) by 2.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 932,602 shares of the financial services provider’s stock after buying an additional 25,018 shares during the period. Sei Investments Co. owned about 0.47% of Raymond James Financial worth $160,968,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. West Branch Capital LLC bought a new stake in shares of Raymond James Financial during the third quarter valued at approximately $26,000. Salomon & Ludwin LLC bought a new position in Raymond James Financial in the 3rd quarter valued at approximately $31,000. Quent Capital LLC purchased a new stake in Raymond James Financial during the 3rd quarter valued at $33,000. Anfield Capital Management LLC purchased a new stake in Raymond James Financial during the 3rd quarter valued at $33,000. Finally, Clearstead Trust LLC increased its holdings in shares of Raymond James Financial by 174.0% in the 3rd quarter. Clearstead Trust LLC now owns 285 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Analyst Upgrades and Downgrades

RJF has been the subject of several recent analyst reports. UBS Group set a $176.00 price target on Raymond James Financial and gave the stock a “neutral” rating in a research note on Thursday, December 11th. TD Cowen reiterated a “hold” rating on shares of Raymond James Financial in a report on Wednesday, January 14th. Weiss Ratings raised Raymond James Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Bank of America upped their target price on shares of Raymond James Financial from $194.00 to $196.00 and gave the company a “neutral” rating in a research note on Wednesday, December 10th. Finally, Morgan Stanley reaffirmed a “positive” rating on shares of Raymond James Financial in a report on Monday, December 22nd. Five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Raymond James Financial currently has a consensus rating of “Hold” and a consensus price target of $182.17.

Insider Activity

In related news, insider Paul C. Reilly sold 130,687 shares of the business’s stock in a transaction that occurred on 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 sale, the insider directly owned 260,546 shares in the company, valued at approximately $42,508,079.90. The trade was a 33.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.58% of the company’s stock.

Raymond James Financial Stock Down 2.5%

Raymond James Financial stock opened at $144.64 on Friday. The stock has a market cap of $28.51 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 1.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.04 and a current ratio of 1.06. Raymond James Financial, Inc. has a one year low of $117.57 and a one year high of $177.66. The stock has a fifty day moving average of $162.71 and a 200 day moving average of $163.52.

Raymond James Financial (NYSE:RJF) last announced its earnings results on Wednesday, January 28th. The financial services provider reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate 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%.The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the firm posted $2.93 earnings per share. As a group, sell-side analysts predict that Raymond James Financial, Inc. will post 11.17 EPS for the current year.

Raymond James Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st will be issued a $0.54 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.5%. Raymond James Financial’s dividend payout ratio (DPR) is presently 21.14%.

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.