B. Metzler seel. Sohn & Co. AG Has $2.91 Million Position in Raymond James Financial, Inc. $RJF

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in Raymond James by 154.4% in Q4 to 18,104 shares, valued at about $2.91 million.
• Insider Bella Loykhter Allaire sold 29,551 shares on March 19 for roughly $4.21 million, reducing her ownership by 35.54%; insiders now own about 0.58% of the stock.
• Analyst views are mixed with an average MarketBeat rating of "Hold" and a $173.17 target; the company beat quarterly EPS expectations ($2.83 vs. $2.76), reported revenue up 13.4% YoY but slightly below estimates, and pays a $0.54 quarterly dividend (≈1.4% yield).

B. Metzler seel. Sohn & Co. AG raised its stake in shares of Raymond James Financial, Inc. (NYSE:RJF - Free Report) by 154.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,104 shares of the financial services provider's stock after buying an additional 10,989 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Raymond James Financial were worth $2,907,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of RJF. West Branch Capital LLC acquired a new stake in shares of Raymond James Financial during the 3rd quarter valued at $26,000. Salomon & Ludwin LLC acquired a new stake in shares of Raymond James Financial during the 3rd quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Raymond James Financial during the 4th quarter valued at $32,000. Quent Capital LLC acquired a new stake in shares of Raymond James Financial in the 3rd quarter valued at $33,000. Finally, Anfield Capital Management LLC acquired a new stake in shares of Raymond James Financial in the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 83.83% of the company's stock.

Insiders Place Their Bets

In related news, insider Bella Loykhter Allaire sold 29,551 shares of the company's stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $142.34, for a total value of $4,206,289.34. Following the sale, the insider owned 53,586 shares of the company's stock, valued at $7,627,431.24. The trade was a 35.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.58% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on RJF. Weiss Ratings raised shares of Raymond James Financial from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, February 20th. Barclays reaffirmed an "overweight" rating and issued a $182.00 price objective (up from $174.00) on shares of Raymond James Financial in a research note on Thursday. UBS Group reaffirmed a "neutral" rating and issued a $166.00 price objective (up from $158.00) on shares of Raymond James Financial in a research note on Thursday. Jefferies Financial Group reduced their price objective on shares of Raymond James Financial from $165.00 to $145.00 and set a "hold" rating for the company in a research note on Monday, April 6th. Finally, BMO Capital Markets lifted their price objective on shares of Raymond James Financial from $152.00 to $165.00 and gave the company a "market perform" rating in a research note on Thursday. Four analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Raymond James Financial presently has an average rating of "Hold" and an average price target of $173.17.

Raymond James Financial Stock Performance

NYSE:RJF opened at $153.48 on Friday. The firm's 50-day moving average is $149.88 and its 200-day moving average is $158.60. Raymond James Financial, Inc. has a 52-week low of $133.89 and a 52-week high of $177.66. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.04 and a current ratio of 1.06. The company has a market cap of $30.25 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 1.17 and a beta of 1.00.

Raymond James Financial (NYSE:RJF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.07. Raymond James Financial had a net margin of 13.04% and a return on equity of 18.01%. The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the firm posted $2.42 EPS. The business's revenue was up 13.4% compared to the same quarter last year. Equities research analysts anticipate that Raymond James Financial, Inc. will post 11.71 earnings per share for the current year.

Raymond James Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st were paid a $0.54 dividend. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $2.16 dividend on an annualized basis and a yield of 1.4%. Raymond James Financial's payout ratio is presently 21.14%.

About Raymond James Financial

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.

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