Asset Management One Co. Ltd. Has $12.88 Million Stake in Raymond James Financial, Inc. $RJF

Asset Management One Co. Ltd. increased its position in shares of Raymond James Financial, Inc. (NYSE:RJF) by 1.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,955 shares of the financial services provider’s stock after buying an additional 1,147 shares during the period. Asset Management One Co. Ltd.’s holdings in Raymond James Financial were worth $12,876,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in RJF. GAMMA Investing LLC increased its holdings in Raymond James Financial by 82.6% during the first quarter. GAMMA Investing LLC now owns 4,858 shares of the financial services provider’s stock worth $675,000 after buying an additional 2,197 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Raymond James Financial by 164.0% in the first quarter. Golden State Wealth Management LLC now owns 198 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 123 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Raymond James Financial by 8.8% in the first quarter. Sequoia Financial Advisors LLC now owns 3,230 shares of the financial services provider’s stock valued at $449,000 after purchasing an additional 261 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Raymond James Financial by 15.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,860 shares of the financial services provider’s stock valued at $3,178,000 after purchasing an additional 3,008 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Raymond James Financial by 11.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 103,792 shares of the financial services provider’s stock valued at $14,334,000 after purchasing an additional 10,988 shares during the last quarter. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Cowen reiterated a “hold” rating on shares of Raymond James Financial in a report on Thursday. BMO Capital Markets upped their price objective on shares of Raymond James Financial from $180.00 to $182.00 and gave the company a “market perform” rating in a report on Thursday. Keefe, Bruyette & Woods upped their price objective on shares of Raymond James Financial from $174.00 to $181.00 and gave the company a “market perform” rating in a report on Thursday. JPMorgan Chase & Co. upped their price objective on shares of Raymond James Financial from $178.00 to $180.00 and gave the company a “neutral” rating in a report on Thursday. Finally, JMP Securities upped their price objective on shares of Raymond James Financial from $185.00 to $190.00 and gave the company a “market outperform” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $177.20.

Raymond James Financial Trading Down 1.7%

RJF stock opened at $162.25 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.02 and a current ratio of 1.04. The company’s 50-day simple moving average is $167.36 and its 200 day simple moving average is $156.72. Raymond James Financial, Inc. has a 52 week low of $117.57 and a 52 week high of $177.66. The company has a market capitalization of $32.35 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 1.22 and a beta of 1.03.

Raymond James Financial (NYSE:RJF) last released its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $3.11 EPS for the quarter, beating the consensus estimate of $2.83 by $0.28. Raymond James Financial had a net margin of 13.42% and a return on equity of 18.33%. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the prior year, the company posted $2.95 earnings per share. Raymond James Financial’s revenue was up 7.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Raymond James Financial, Inc. will post 11.17 earnings per share for the current year.

Raymond James Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st were paid 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 was Wednesday, October 1st. Raymond James Financial’s dividend payout ratio is presently 19.44%.

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.