Campbell & CO Investment Adviser LLC Has $6.74 Million Stock Holdings in Raymond James Financial, Inc. $RJF

Key Points

• Campbell & CO Investment Adviser LLC increased its stake in Raymond James Financial by 28.5%, acquiring an additional 10,772 shares, making the company its 11th largest position.
• Raymond James Financial reported $2.18 EPS in its last quarterly earnings, falling short of the consensus estimate of $2.36, despite a revenue increase to $3.40 billion.
• The company announced a quarterly dividend of $0.50, reflecting a 1.2% dividend yield and a payout ratio of 19.61% for investors of record.

Campbell & CO Investment Adviser LLC boosted its position in shares of Raymond James Financial, Inc. (NYSE:RJF - Free Report) by 28.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 48,543 shares of the financial services provider's stock after purchasing an additional 10,772 shares during the quarter. Raymond James Financial comprises 0.5% of Campbell & CO Investment Adviser LLC's holdings, making the stock its 11th biggest position. Campbell & CO Investment Adviser LLC's holdings in Raymond James Financial were worth $6,743,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. raised its holdings in Raymond James Financial by 3.6% during the 1st quarter. D.A. Davidson & CO. now owns 5,603 shares of the financial services provider's stock worth $778,000 after purchasing an additional 197 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in Raymond James Financial by 164.0% during the 1st quarter. Golden State Wealth Management LLC now owns 198 shares of the financial services provider's stock worth $28,000 after purchasing an additional 123 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in Raymond James Financial during the 4th quarter worth about $9,366,000. Assenagon Asset Management S.A. raised its holdings in Raymond James Financial by 13.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 24,979 shares of the financial services provider's stock worth $3,470,000 after purchasing an additional 3,035 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in Raymond James Financial by 0.8% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 468,343 shares of the financial services provider's stock worth $65,058,000 after purchasing an additional 3,691 shares during the last quarter. 83.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Keefe, Bruyette & Woods boosted their price objective on Raymond James Financial from $167.00 to $170.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. Wells Fargo & Company upped their price target 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. JPMorgan Chase & Co. upped their price target on Raymond James Financial from $151.00 to $172.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. JMP Securities upped their price target on Raymond James Financial from $175.00 to $180.00 and gave the company a "market outperform" rating in a research note on Monday, July 14th. Finally, Morgan Stanley upped their price target on Raymond James Financial from $136.00 to $180.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $163.80.

Raymond James Financial Stock Up 0.4%

Shares of RJF traded up $0.74 on Friday, hitting $169.45. The company's stock had a trading volume of 233,059 shares, compared to its average volume of 1,289,025. Raymond James Financial, Inc. has a fifty-two week low of $113.91 and a fifty-two week high of $174.32. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.33. The firm's fifty day moving average price is $161.44 and its 200-day moving average price is $150.12. The firm has a market capitalization of $33.78 billion, a price-to-earnings ratio of 16.60, a P/E/G ratio of 1.38 and a beta of 1.05.

Raymond James Financial (NYSE:RJF - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $2.18 earnings per share for the quarter, missing analysts' consensus estimates of $2.36 by ($0.18). The firm had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.38 billion. Raymond James Financial had a return on equity of 18.38% and a net margin of 13.56%.The company's revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $2.39 EPS. On average, equities research analysts expect that Raymond James Financial, Inc. will post 11.17 EPS for the current year.

Raymond James Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, October 1st. Raymond James Financial's dividend payout ratio is presently 19.61%.

Raymond James Financial 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.