Raymond James Financial, Inc. (NYSE:RJF) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its holdings in Raymond James Financial, Inc. (NYSE:RJF - Free Report) by 10.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 82,808 shares of the financial services provider's stock after acquiring an additional 7,715 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Raymond James Financial were worth $11,503,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. TCTC Holdings LLC raised its position in Raymond James Financial by 176.7% in the fourth quarter. TCTC Holdings LLC now owns 166 shares of the financial services provider's stock worth $26,000 after acquiring an additional 106 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Raymond James Financial in the first quarter worth $25,000. Plato Investment Management Ltd raised its position in Raymond James Financial by 1,142.1% in the fourth quarter. Plato Investment Management Ltd now owns 236 shares of the financial services provider's stock worth $37,000 after acquiring an additional 217 shares in the last quarter. Covestor Ltd raised its position in Raymond James Financial by 56.7% in the fourth quarter. Covestor Ltd now owns 337 shares of the financial services provider's stock worth $52,000 after acquiring an additional 122 shares in the last quarter. Finally, Mizuho Bank Ltd. purchased a new position in Raymond James Financial in the fourth quarter worth $53,000. Hedge funds and other institutional investors own 83.83% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RJF. Bank of America cut Raymond James Financial from a "buy" rating to a "neutral" rating and set a $159.00 price objective for the company. in a research report on Wednesday, April 30th. The Goldman Sachs Group dropped their price target on Raymond James Financial from $198.00 to $173.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Morgan Stanley raised their price target on Raymond James Financial from $149.00 to $161.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. dropped their price target on Raymond James Financial from $149.00 to $143.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Finally, Wells Fargo & Company dropped their price target on Raymond James Financial from $176.00 to $143.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Eleven analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Raymond James Financial presently has an average rating of "Hold" and a consensus price target of $153.82.

Insider Buying and Selling at Raymond James Financial

In other news, insider Bella Loykhter Allaire sold 6,570 shares of Raymond James Financial stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $146.61, for a total value of $963,227.70. Following the transaction, the insider now directly owns 74,586 shares of the company's stock, valued at $10,935,053.46. The trade was a 8.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider James E. Bunn sold 3,650 shares of Raymond James Financial stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $136.49, for a total value of $498,188.50. Following the completion of the transaction, the insider now directly owns 78,227 shares in the company, valued at $10,677,203.23. This represents a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

Raymond James Financial Price Performance

Raymond James Financial stock traded up $0.63 during midday trading on Friday, reaching $153.24. 1,843,937 shares of the company were exchanged, compared to its average volume of 1,326,506. The company has a market capitalization of $30.92 billion, a price-to-earnings ratio of 14.75, a P/E/G ratio of 1.82 and a beta of 1.03. The firm's 50-day simple moving average is $145.48 and its 200-day simple moving average is $149.85. Raymond James Financial, Inc. has a 1 year low of $104.24 and a 1 year high of $174.32. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.02 and a current ratio of 1.04.

Raymond James Financial (NYSE:RJF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $2.42 EPS for the quarter, missing analysts' consensus estimates of $2.44 by ($0.02). The company had revenue of $3.40 billion for the quarter, compared to analysts' expectations of $3.46 billion. Raymond James Financial had a return on equity of 19.31% and a net margin of 13.99%. The company's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.31 EPS. On average, analysts anticipate that Raymond James Financial, Inc. will post 11.17 EPS for the current year.

Raymond James Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Tuesday, July 1st. Raymond James Financial's dividend payout ratio (DPR) is 19.25%.

Raymond James Financial Company 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.