PFA Pension Forsikringsaktieselskab Takes $64.64 Million Position in Raymond James Financial, Inc. $RJF

Key Points

• PFA Pension Forsikringsaktieselskab bought a new stake of 397,662 shares in Raymond James Financial, valued at approximately $64.64 million, representing about 0.20% of the company.
• Raymond James beat EPS estimates for the quarter ($2.83 vs. $2.76), reported revenue up 13.4% year‑over‑year (slightly below expectations), and paid a quarterly dividend of $0.54 (annualized $2.16; yield ~1.4%).
• Institutional ownership is high at about 83.8%, with major holders like JPMorgan and UBS increasing positions; analysts’ consensus is a "Hold" with an average price target of $173.25.

PFA Pension Forsikringsaktieselskab bought a new stake in shares of Raymond James Financial, Inc. (NYSE:RJF - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 397,662 shares of the financial services provider's stock, valued at approximately $64,640,000. PFA Pension Forsikringsaktieselskab owned 0.20% of Raymond James Financial as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of RJF. JPMorgan Chase & Co. raised its holdings in shares of Raymond James Financial by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,847,869 shares of the financial services provider's stock worth $1,009,342,000 after buying an additional 230,871 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Raymond James Financial by 4.5% during the 3rd quarter. First Trust Advisors LP now owns 2,597,519 shares of the financial services provider's stock worth $448,332,000 after buying an additional 111,950 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Raymond James Financial by 10.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,357,328 shares of the financial services provider's stock worth $406,941,000 after buying an additional 227,337 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Raymond James Financial by 2.8% during the 3rd quarter. Sei Investments Co. now owns 932,602 shares of the financial services provider's stock worth $160,968,000 after buying an additional 25,018 shares in the last quarter. Finally, UBS Group AG raised its holdings in shares of Raymond James Financial by 37.1% during the 4th quarter. UBS Group AG now owns 841,859 shares of the financial services provider's stock worth $135,194,000 after buying an additional 227,781 shares in the last quarter. 83.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on RJF shares. Weiss Ratings raised Raymond James Financial from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, February 20th. Barclays reissued an "overweight" rating and set a $182.00 price target (up from $174.00) on shares of Raymond James Financial in a report on Thursday, April 23rd. Morgan Stanley boosted their price target on Raymond James Financial from $171.00 to $172.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 28th. TD Cowen reissued a "hold" rating and set a $159.00 price target (up from $156.00) on shares of Raymond James Financial in a report on Thursday, April 23rd. Finally, Jefferies Financial Group lowered their price target on Raymond James Financial from $165.00 to $145.00 and set a "hold" rating for the company in a report on Monday, April 6th. Four research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Raymond James Financial presently has a consensus rating of "Hold" and an average price target of $173.25.

Raymond James Financial Price Performance

Shares of RJF opened at $156.33 on Friday. Raymond James Financial, Inc. has a 12-month low of $138.82 and a 12-month high of $177.66. The business has a 50-day simple moving average of $149.65 and a two-hundred day simple moving average of $158.38. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.42. The stock has a market cap of $30.81 billion, a PE ratio of 14.78, a PEG ratio of 1.20 and a beta of 0.99.

Raymond James Financial (NYSE:RJF - Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.76 by $0.07. The company had revenue of $3.86 billion during the quarter, compared to analysts' expectations of $3.92 billion. Raymond James Financial had a return on equity of 18.01% and a net margin of 13.04%.The business's quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.42 earnings per share. Analysts anticipate that Raymond James Financial, Inc. will post 11.83 earnings per share for the current fiscal year.

Raymond James Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st were given a dividend of $0.54 per share. The ex-dividend date was Wednesday, April 1st. This represents a $2.16 annualized dividend and a dividend yield of 1.4%. Raymond James Financial's dividend payout ratio is presently 20.42%.

Insider Activity at Raymond James Financial

In related news, insider Bella Loykhter Allaire sold 29,551 shares of the company's stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $142.34, for a total transaction of $4,206,289.34. Following the sale, the insider owned 53,586 shares in the company, valued at $7,627,431.24. This represents a 35.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.58% of the stock is currently owned by insiders.

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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