UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 83,031 Shares of Raymond James Financial, Inc. $RJF

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Raymond James Financial, Inc. (NYSE:RJF) by 5.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,502,772 shares of the financial services provider’s stock after acquiring an additional 83,031 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.78% of Raymond James Financial worth $228,466,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Kingsview Wealth Management LLC raised its position in shares of Raymond James Financial by 586.7% during the 4th quarter. Kingsview Wealth Management LLC now owns 20,374 shares of the financial services provider’s stock valued at $3,272,000 after buying an additional 17,407 shares in the last quarter. Algebris UK Ltd. bought a new position in Raymond James Financial in the fourth quarter valued at $10,179,000. Fisher Asset Management LLC raised its position in Raymond James Financial by 6.9% during the fourth quarter. Fisher Asset Management LLC now owns 392,663 shares of the financial services provider’s stock valued at $63,058,000 after purchasing an additional 25,410 shares in the last quarter. Swedbank AB raised its position in Raymond James Financial by 31.1% during the fourth quarter. Swedbank AB now owns 41,436 shares of the financial services provider’s stock valued at $6,654,000 after purchasing an additional 9,838 shares in the last quarter. Finally, Natixis Advisors LLC lifted its stake in Raymond James Financial by 4.3% during the fourth quarter. Natixis Advisors LLC now owns 329,450 shares of the financial services provider’s stock worth $52,906,000 after purchasing an additional 13,591 shares during the last quarter. Institutional investors own 83.83% of the company’s stock.

Raymond James Financial Price Performance

RJF opened at $178.33 on Tuesday. The stock’s 50 day simple moving average is $170.68 and its 200 day simple moving average is $158.13. 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, Inc. has a 1 year low of $138.82 and a 1 year high of $182.73. The firm has a market cap of $34.30 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 1.10 and a beta of 0.92.

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

Raymond James Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, October 1st. Raymond James Financial’s dividend payout ratio is currently 18.83%.

Insider Transactions at Raymond James Financial

In related news, insider Steven M. Raney sold 5,770 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $172.97, for a total transaction of $998,036.90. Following the completion of the transaction, the insider owned 43,046 shares in the company, valued at $7,445,666.62. This represents a 11.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bella Loykhter Allaire sold 7,500 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $177.60, for a total value of $1,332,000.00. Following the completion of the sale, the insider directly owned 46,086 shares of the company’s stock, valued at $8,184,873.60. The trade was a 14.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 23,270 shares of company stock worth $4,090,637. 0.58% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on RJF shares. Citizens Jmp increased their price objective on Raymond James Financial from $200.00 to $205.00 and gave the company a “market outperform” rating in a research report on Thursday, July 23rd. BMO Capital Markets restated a “market perform” rating and issued a $175.00 target price (up from $160.00) on shares of Raymond James Financial in a research report on Thursday, July 23rd. Barclays boosted their price objective on shares of Raymond James Financial from $192.00 to $196.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Citigroup reaffirmed a “market outperform” rating on shares of Raymond James Financial in a research note on Thursday, July 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Raymond James Financial from $175.00 to $179.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $181.00.

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.