Raymond James Financial, Inc. $RJF Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its holdings in Raymond James Financial, Inc. (NYSE:RJF) by 12.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,134,580 shares of the financial services provider’s stock after selling 165,872 shares during the quarter. Hsbc Holdings PLC’s holdings in Raymond James Financial were worth $182,377,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Reflection Asset Management acquired a new stake in Raymond James Financial during the 4th quarter worth approximately $28,000. Anfield Capital Management LLC acquired a new position in shares of Raymond James Financial in the third quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Raymond James Financial during the fourth quarter worth $32,000. Harbor Investment Advisory LLC increased its position in shares of Raymond James Financial by 452.6% during the fourth quarter. Harbor Investment Advisory LLC now owns 210 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 172 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Raymond James Financial in the fourth quarter valued at $35,000. 83.83% of the stock is owned by hedge funds and other institutional investors.

Raymond James Financial Trading Up 0.2%

RJF opened at $156.18 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.05 and a current ratio of 1.07. Raymond James Financial, Inc. has a one year low of $138.82 and a one year high of $177.66. The company has a market cap of $30.44 billion, a P/E ratio of 14.76, a PEG ratio of 1.20 and a beta of 0.94. The business’s 50-day simple moving average is $152.41 and its 200-day simple moving average is $156.58.

Raymond James Financial (NYSE:RJF) last announced its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.07. The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.92 billion. Raymond James Financial had a return on equity of 17.93% and a net margin of 13.04%.The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.42 earnings per share. As a group, equities research analysts expect that Raymond James Financial, Inc. will post 11.82 EPS for the current fiscal year.

Raymond James Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be issued a $0.54 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $2.16 annualized dividend and a dividend yield of 1.4%. Raymond James Financial’s dividend payout ratio is presently 20.42%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Raymond James Financial in a report on Wednesday, May 20th. Jefferies Financial Group cut their price target on Raymond James Financial from $165.00 to $145.00 and set a “hold” rating on the stock in a report on Monday, April 6th. UBS Group reaffirmed a “neutral” rating and issued a $166.00 price target (up from $158.00) on shares of Raymond James Financial in a research report on Thursday, April 23rd. Morgan Stanley lifted their price objective on Raymond James Financial from $171.00 to $172.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Finally, BMO Capital Markets boosted their price objective on Raymond James Financial from $152.00 to $165.00 and gave the stock a “market perform” rating in a research report on Thursday, April 23rd. Four research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $172.92.

Raymond James Financial 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.