2,510 Shares in Raymond James Financial, Inc. (NYSE:RJF) Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. purchased a new stake in shares of Raymond James Financial, Inc. (NYSE:RJF - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,510 shares of the financial services provider's stock, valued at approximately $349,000.

Other large investors have also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. acquired a new stake in shares of Raymond James Financial during the fourth quarter worth $625,000. Y Intercept Hong Kong Ltd grew its position in shares of Raymond James Financial by 57.7% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 5,966 shares of the financial services provider's stock valued at $927,000 after buying an additional 2,183 shares during the last quarter. Bryn Mawr Capital Management LLC acquired a new stake in Raymond James Financial during the fourth quarter worth about $208,000. Mn Services Vermogensbeheer B.V. lifted its holdings in Raymond James Financial by 1.7% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 77,700 shares of the financial services provider's stock worth $12,069,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Raymond James Financial in the fourth quarter valued at approximately $21,334,000. 83.83% of the stock is currently owned by institutional investors.

Raymond James Financial Price Performance

Raymond James Financial stock traded up $0.12 during trading hours on Monday, hitting $153.35. 1,138,200 shares of the company traded hands, compared to its average volume of 1,325,506. Raymond James Financial, Inc. has a 1-year low of $104.24 and a 1-year high of $174.32. The firm has a market cap of $30.94 billion, a P/E ratio of 14.76, a P/E/G ratio of 1.84 and a beta of 1.03. The firm's 50-day simple moving average is $146.32 and its two-hundred day simple moving average is $149.59. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.32.

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). Raymond James Financial had a net margin of 13.99% and a return on equity of 19.31%. The company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the prior year, the business earned $2.31 EPS. Raymond James Financial's revenue was up 9.0% compared to the same quarter last year. As a group, analysts forecast that Raymond James Financial, Inc. will post 11.17 earnings per share for the current fiscal year.

Raymond James Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Tuesday, July 1st. Raymond James Financial's dividend payout ratio (DPR) is presently 19.25%.

Insiders Place Their Bets

In related news, insider Bella Loykhter Allaire sold 6,570 shares of the firm'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 completion of the transaction, the insider owned 74,586 shares of the company's stock, valued at $10,935,053.46. This trade represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider James E. Bunn sold 3,650 shares of Raymond James Financial stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $136.49, for a total value of $498,188.50. Following the transaction, the insider directly owned 78,227 shares in the company, valued at approximately $10,677,203.23. The trade was 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 currently owned by insiders.

Wall Street Analyst Weigh In

RJF has been the topic of a number of research reports. JMP Securities reiterated a "market outperform" rating and set a $175.00 price target on shares of Raymond James Financial in a research report on Thursday, April 24th. Wells Fargo & Company dropped their target price on Raymond James Financial from $176.00 to $143.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. cut their target price on Raymond James Financial from $149.00 to $143.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group reduced their price target on shares of Raymond James Financial from $198.00 to $173.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Finally, Citigroup dropped their price objective on shares of Raymond James Financial from $180.00 to $150.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Eleven investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $153.82.

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.