Impact Partnership Wealth LLC Buys Shares of 3,719 Raymond James Financial, Inc. (NYSE:RJF)

Impact Partnership Wealth LLC acquired a new stake in shares of Raymond James Financial, Inc. (NYSE:RJF - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,719 shares of the financial services provider's stock, valued at approximately $517,000.

A number of other large investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Raymond James Financial during the 1st quarter valued at $25,000. Alpine Bank Wealth Management purchased a new position in shares of Raymond James Financial during the first quarter valued at $27,000. Golden State Wealth Management LLC raised 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 acquiring an additional 123 shares in the last quarter. Olde Wealth Management LLC bought a new position in Raymond James Financial during the 1st quarter worth about $33,000. Finally, Larson Financial Group LLC grew its holdings in Raymond James Financial by 364.3% during the 1st quarter. Larson Financial Group LLC now owns 325 shares of the financial services provider's stock worth $45,000 after acquiring an additional 255 shares in the last quarter. Institutional investors own 83.83% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on RJF shares. Morgan Stanley increased their price objective on Raymond James Financial from $136.00 to $180.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Citigroup restated an "outperform" rating on shares of Raymond James Financial in a research report on Monday, July 14th. The Goldman Sachs Group cut their target price on Raymond James Financial from $198.00 to $173.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Bank of America cut Raymond James Financial from a "buy" rating to a "neutral" rating and set a $159.00 price target on the stock. in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company increased their price objective on Raymond James Financial from $155.00 to $163.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. Nine research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $162.40.

Raymond James Financial Trading Up 0.7%

Raymond James Financial stock traded up $1.14 during trading on Friday, reaching $160.62. The company had a trading volume of 1,143,705 shares, compared to its average volume of 1,287,356. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.02 and a current ratio of 1.04. The firm has a market capitalization of $32.41 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 1.33 and a beta of 1.02. The stock's 50 day moving average price is $151.57 and its two-hundred day moving average price is $149.86. Raymond James Financial, Inc. has a 12-month low of $104.24 and a 12-month high of $174.32.

Raymond James Financial (NYSE:RJF - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.02). Raymond James Financial had a net margin of 13.99% and a return on equity of 19.31%. The firm had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.46 billion. The firm's revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business earned $2.31 EPS. As a group, equities analysts expect that Raymond James Financial, Inc. will post 11.17 earnings per share for the current fiscal year.

Raymond James Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Tuesday, July 1st. Raymond James Financial's dividend payout ratio is presently 19.25%.

Insider Buying and Selling

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

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.