Universal Beteiligungs und Servicegesellschaft mbH Grows Stock Holdings in Raymond James Financial, Inc. (NYSE:RJF)

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Raymond James Financial, Inc. (NYSE:RJF - Free Report) by 9.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,367 shares of the financial services provider's stock after buying an additional 10,480 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Raymond James Financial worth $16,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd boosted its position in Raymond James Financial by 67.5% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 9,993 shares of the financial services provider's stock valued at $1,388,000 after buying an additional 4,027 shares during the period. Crestwood Advisors Group LLC lifted its position in shares of Raymond James Financial by 323.0% in the 1st quarter. Crestwood Advisors Group LLC now owns 8,383 shares of the financial services provider's stock worth $1,164,000 after purchasing an additional 6,401 shares during the period. Allianz Asset Management GmbH lifted its position in shares of Raymond James Financial by 231.0% in the 1st quarter. Allianz Asset Management GmbH now owns 146,782 shares of the financial services provider's stock worth $20,389,000 after purchasing an additional 102,431 shares during the period. Lindbrook Capital LLC lifted its position in shares of Raymond James Financial by 70.9% in the 1st quarter. Lindbrook Capital LLC now owns 1,885 shares of the financial services provider's stock worth $262,000 after purchasing an additional 782 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its position in shares of Raymond James Financial by 2.8% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 14,101 shares of the financial services provider's stock worth $1,958,000 after purchasing an additional 388 shares during the period. 83.83% of the stock is owned by hedge funds and other institutional investors.

Raymond James Financial Stock Performance

RJF stock traded down $0.33 during midday trading on Monday, hitting $168.20. 120,749 shares of the stock traded hands, compared to its average volume of 1,359,179. The stock's fifty day simple moving average is $152.63 and its 200-day simple moving average is $149.98. 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 $33.94 billion, a P/E ratio of 16.49, a PEG ratio of 1.40 and a beta of 1.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.04 and a quick ratio of 1.02.

Raymond James Financial (NYSE:RJF - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The financial services provider reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.36 by ($0.18). Raymond James Financial had a net margin of 13.56% and a return on equity of 18.50%. The company had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same quarter last year, the business earned $2.39 EPS. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. On average, analysts expect that Raymond James Financial, Inc. will post 11.17 earnings per share for the current year.

Raymond James Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Tuesday, July 1st. Raymond James Financial's dividend payout ratio (DPR) is 19.61%.

Insiders Place Their Bets

In other Raymond James Financial news, insider Bella Loykhter Allaire sold 6,570 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $146.61, for a total value of $963,227.70. Following the transaction, the insider directly owned 74,586 shares of the company's stock, valued at $10,935,053.46. This trade represents a 8.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.54% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Raymond James Financial from $151.00 to $172.00 and gave the stock a "neutral" rating in a research report on Thursday. The Goldman Sachs Group decreased their target price on shares of 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 increased their target price on shares of Raymond James Financial from $136.00 to $180.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Citigroup reaffirmed an "outperform" rating on shares of Raymond James Financial in a report on Monday, July 14th. Finally, Bank of America cut shares of Raymond James Financial from a "buy" rating to a "neutral" rating and set a $159.00 price target for the company. in a report on Wednesday, April 30th. Nine investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $163.80.

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.