Wealthcare Advisory Partners LLC Sells 650 Shares of Raymond James Financial, Inc. $RJF

Wealthcare Advisory Partners LLC decreased its position in shares of Raymond James Financial, Inc. (NYSE:RJF) by 17.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,133 shares of the financial services provider’s stock after selling 650 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Raymond James Financial were worth $481,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RJF. Farther Finance Advisors LLC lifted its position in Raymond James Financial by 9.0% during the first quarter. Farther Finance Advisors LLC now owns 994 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 82 shares during the period. GAMMA Investing LLC raised its stake 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 acquiring an additional 2,197 shares in the last quarter. SG Americas Securities LLC raised its stake in Raymond James Financial by 154.8% during the first quarter. SG Americas Securities LLC now owns 36,356 shares of the financial services provider’s stock worth $5,050,000 after acquiring an additional 22,089 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Raymond James Financial by 13.8% during the first quarter. Assenagon Asset Management S.A. now owns 24,979 shares of the financial services provider’s stock worth $3,470,000 after acquiring an additional 3,035 shares in the last quarter. Finally, Simon Quick Advisors LLC raised its stake in Raymond James Financial by 27.1% during the first quarter. Simon Quick Advisors LLC now owns 1,668 shares of the financial services provider’s stock worth $232,000 after acquiring an additional 356 shares in the last quarter. Institutional investors own 83.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on RJF shares. BMO Capital Markets started coverage on Raymond James Financial in a research note on Friday, October 3rd. They set a “market perform” rating and a $180.00 target price for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Raymond James Financial in a research note on Wednesday. Morgan Stanley boosted their target price on Raymond James Financial from $176.00 to $184.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 1st. Wells Fargo & Company boosted their target price on Raymond James Financial from $155.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Friday, July 11th. Finally, JPMorgan Chase & Co. boosted their target price on Raymond James Financial from $172.00 to $178.00 and gave the stock a “neutral” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $172.20.

Raymond James Financial Stock Down 0.8%

NYSE:RJF opened at $163.88 on Friday. The firm’s 50 day simple moving average is $167.84 and its 200 day simple moving average is $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 one year low of $117.57 and a one year high of $177.66. The company has a market cap of $32.67 billion, a PE ratio of 16.07, a P/E/G ratio of 1.27 and a beta of 1.03.

Raymond James Financial (NYSE:RJF) last posted its earnings results on Wednesday, July 23rd. The financial services provider reported $2.18 EPS for the quarter, missing the consensus estimate 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 in the prior year, the business earned $2.39 earnings per share. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. On average, research 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 announced 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 of this dividend is Wednesday, October 1st. Raymond James Financial’s dividend payout ratio is currently 19.61%.

About Raymond James Financial

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.