Moseley Investment Management Inc. Buys Shares of 1,425 Raymond James Financial, Inc. $RJF

Moseley Investment Management Inc. bought a new stake in Raymond James Financial, Inc. (NYSE:RJF) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,425 shares of the financial services provider’s stock, valued at approximately $219,000.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Raymond James Financial by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 22,244,204 shares of the financial services provider’s stock valued at $3,089,942,000 after purchasing an additional 347,916 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Raymond James Financial by 0.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,136,413 shares of the financial services provider’s stock valued at $574,590,000 after acquiring an additional 29,086 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Raymond James Financial by 19.1% in the 1st quarter. Invesco Ltd. now owns 2,901,435 shares of the financial services provider’s stock valued at $403,038,000 after acquiring an additional 466,129 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Raymond James Financial by 8.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,335,254 shares of the financial services provider’s stock valued at $324,390,000 after acquiring an additional 178,262 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Raymond James Financial by 6.7% in the 1st quarter. Northern Trust Corp now owns 2,247,922 shares of the financial services provider’s stock valued at $312,259,000 after acquiring an additional 140,704 shares during the last quarter. 83.83% of the stock is owned by institutional investors and hedge funds.

Raymond James Financial Price Performance

Shares of RJF opened at $163.88 on Friday. The company has a market cap of $32.67 billion, a P/E ratio of 16.07, a PEG ratio of 1.27 and a beta of 1.03. The stock has a fifty day moving average price of $167.84 and a 200 day moving average price of $154.30. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.04 and a quick ratio of 1.02. Raymond James Financial, Inc. has a 12 month low of $117.57 and a 12 month high of $177.66.

Raymond James Financial (NYSE:RJF) last announced its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.18). Raymond James Financial had a return on equity of 18.38% and a net margin of 13.56%.The business had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same quarter last year, the firm posted $2.39 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. On average, research analysts forecast that Raymond James Financial, Inc. will post 11.17 earnings per share for the current year.

Raymond James Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, October 1st. Raymond James Financial’s payout ratio is 19.61%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on RJF. Keefe, Bruyette & Woods boosted their price target on Raymond James Financial from $167.00 to $170.00 and gave the company a “market perform” rating in a report on Thursday, July 24th. Wells Fargo & Company boosted their price target on Raymond James Financial from $155.00 to $163.00 and gave the company an “equal weight” rating in a report on Friday, July 11th. JPMorgan Chase & Co. boosted their price target on Raymond James Financial from $172.00 to $178.00 and gave the company a “neutral” rating in a report on Tuesday. Citigroup reiterated an “outperform” rating on shares of Raymond James Financial in a report on Thursday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Raymond James Financial in a research note on Wednesday. One research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $172.20.

Raymond James Financial Profile

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.