Janus Henderson Group PLC grew its position in shares of Raymond James Financial, Inc. (NYSE:RJF) by 188.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,206,006 shares of the financial services provider’s stock after buying an additional 787,396 shares during the period. Janus Henderson Group PLC owned about 0.84% of Raymond James Financial worth $96,746,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC lifted its holdings in Raymond James Financial by 4.9% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,413 shares of the financial services provider’s stock worth $115,000 after buying an additional 66 shares during the last quarter. Burt Wealth Advisors bought a new stake in shares of Raymond James Financial in the 2nd quarter worth approximately $150,000. Global X Management Co. LLC lifted its holdings in shares of Raymond James Financial by 42.5% in the 1st quarter. Global X Management Co. LLC now owns 2,314 shares of the financial services provider’s stock worth $176,000 after purchasing an additional 690 shares during the last quarter. Triangle Securities Wealth Management bought a new stake in shares of Raymond James Financial in the 2nd quarter worth approximately $206,000. Finally, Pacer Advisors Inc. lifted its holdings in shares of Raymond James Financial by 8.2% in the 2nd quarter. Pacer Advisors Inc. now owns 2,714 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 206 shares during the last quarter. 70.02% of the stock is currently owned by institutional investors.
Shares of Raymond James Financial, Inc. (NYSE:RJF) opened at 86.48 on Wednesday. Raymond James Financial, Inc. has a 52 week low of $56.61 and a 52 week high of $87.22. The company has a market cap of $12.43 billion, a P/E ratio of 20.57 and a beta of 1.67. The firm’s 50-day moving average price is $80.89 and its 200 day moving average price is $78.48.
Raymond James Financial (NYSE:RJF) last announced its earnings results on Wednesday, July 26th. The financial services provider reported $1.26 EPS for the quarter, topping the consensus estimate of $1.24 by $0.02. The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.61 billion. Raymond James Financial had a return on equity of 13.37% and a net margin of 9.78%. Raymond James Financial’s revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 EPS. On average, equities analysts predict that Raymond James Financial, Inc. will post $5.08 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, September 29th. Raymond James Financial’s payout ratio is currently 20.90%.
Several analysts recently issued reports on RJF shares. Wells Fargo & Company raised Raymond James Financial from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $86.00 to $90.00 in a report on Thursday, September 14th. Buckingham Research reissued a “buy” rating and issued a $94.00 price target (up previously from $88.00) on shares of Raymond James Financial in a report on Monday, July 10th. Zacks Investment Research raised Raymond James Financial from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a report on Wednesday, August 30th. BidaskClub raised Raymond James Financial from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 1st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $85.00 price target on shares of Raymond James Financial in a report on Monday, June 26th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $89.33.
In other news, CEO Paul C. Reilly sold 33,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $83.17, for a total value of $2,744,610.00. Following the transaction, the chief executive officer now directly owns 128,980 shares of the company’s stock, valued at approximately $10,727,266.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bella Loykhter Allaire sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $82.83, for a total value of $331,320.00. Following the completion of the transaction, the insider now directly owns 37,513 shares in the company, valued at $3,107,201.79. The disclosure for this sale can be found here. 11.18% of the stock is owned by insiders.
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Raymond James Financial 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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