Raymond James Financial, Inc. $RJF Shares Bought by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. boosted its stake in Raymond James by 345.8% in Q4, buying an additional 144,028 shares to hold 185,681 shares worth about $29.82 million (0.09% of the company).
• Insider Bella Loykhter Allaire sold 29,551 shares on March 19 for roughly $4.21 million, cutting her holding by 35.54% and leaving insiders with about 0.58% ownership.
• Raymond James declared a quarterly dividend of $0.54 (annualized $2.16, ~1.4% yield); analysts' consensus is a "Hold" with a $175.58 average target amid mixed price-target revisions.

Robeco Institutional Asset Management B.V. grew its position in shares of Raymond James Financial, Inc. (NYSE:RJF - Free Report) by 345.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 185,681 shares of the financial services provider's stock after purchasing an additional 144,028 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.09% of Raymond James Financial worth $29,819,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. West Branch Capital LLC acquired a new position in shares of Raymond James Financial during the 3rd quarter valued at $26,000. Salomon & Ludwin LLC acquired a new position in shares of Raymond James Financial during the 3rd quarter valued at $31,000. Quent Capital LLC acquired a new position in shares of Raymond James Financial during the 3rd quarter valued at $33,000. Anfield Capital Management LLC acquired a new position in shares of Raymond James Financial during the 3rd quarter valued at $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Raymond James Financial during the 4th quarter valued at $32,000. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Raymond James Financial news, insider Bella Loykhter Allaire sold 29,551 shares of the company's stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $142.34, for a total value of $4,206,289.34. Following the completion of the transaction, the insider owned 53,586 shares of the company's stock, valued at $7,627,431.24. This represents a 35.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. TD Cowen reiterated a "hold" rating on shares of Raymond James Financial in a research report on Wednesday, January 14th. Morgan Stanley lowered their price target on Raymond James Financial from $187.00 to $171.00 and set an "equal weight" rating on the stock in a research report on Friday. Jefferies Financial Group lowered their price target on Raymond James Financial from $165.00 to $145.00 and set a "hold" rating on the stock in a research report on Monday, April 6th. Barclays decreased their target price on Raymond James Financial from $196.00 to $174.00 and set an "overweight" rating on the stock in a report on Wednesday, April 8th. Finally, Weiss Ratings upgraded Raymond James Financial from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, February 20th. Four analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Raymond James Financial currently has an average rating of "Hold" and a consensus target price of $175.58.

Raymond James Financial Stock Performance

Shares of NYSE RJF opened at $150.40 on Tuesday. 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 business's 50 day moving average is $151.94 and its two-hundred day moving average is $159.51. The company has a market cap of $29.64 billion, a P/E ratio of 14.72, a P/E/G ratio of 1.10 and a beta of 1.00. Raymond James Financial, Inc. has a 12 month low of $129.47 and a 12 month high of $177.66.

Raymond James Financial (NYSE:RJF - Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $2.86 EPS for the quarter, beating the consensus estimate of $2.83 by $0.03. The firm had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.83 billion. Raymond James Financial had a return on equity of 17.65% and a net margin of 13.07%.The company's revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.93 EPS. On average, equities analysts expect that Raymond James Financial, Inc. will post 11.17 EPS for the current year.

Raymond James Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be issued a $0.54 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $2.16 annualized dividend and a yield of 1.4%. Raymond James Financial's dividend payout ratio is 21.14%.

Raymond James Financial Company Profile

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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