Raymond James Financial, Inc. $RJF Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Raymond James Financial (NYSE:RJF) by 7.2% to 107,794 shares (about $17.34M), while institutional investors collectively own 83.83% of the company.
• Raymond James beat Q1 EPS estimates with $2.83 per share (consensus $2.76) and reported revenue of $3.86B (up 13.4% YoY); the firm pays a $0.54 quarterly dividend (annualized $2.16, yield 1.4%).
• Analysts are mixed with a consensus rating of Hold and a $173.17 price target, and an insider (Bella Loykhter Allaire) recently sold 29,551 shares, reducing her holding by ~35.5%.

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Raymond James Financial, Inc. (NYSE:RJF - Free Report) by 7.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 107,794 shares of the financial services provider's stock after purchasing an additional 7,202 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.05% of Raymond James Financial worth $17,343,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in RJF. Empowered Funds LLC grew its holdings in shares of Raymond James Financial by 8.2% in the first quarter. Empowered Funds LLC now owns 4,142 shares of the financial services provider's stock valued at $573,000 after purchasing an additional 314 shares in the last quarter. Woodline Partners LP grew its holdings in shares of Raymond James Financial by 41.8% in the first quarter. Woodline Partners LP now owns 15,580 shares of the financial services provider's stock valued at $2,164,000 after purchasing an additional 4,592 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Raymond James Financial by 137.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,184 shares of the financial services provider's stock valued at $182,000 after purchasing an additional 685 shares in the last quarter. Brown Advisory Inc. grew its holdings in shares of Raymond James Financial by 15.1% in the second quarter. Brown Advisory Inc. now owns 2,268 shares of the financial services provider's stock valued at $348,000 after purchasing an additional 298 shares in the last quarter. Finally, Cresset Asset Management LLC acquired a new position in shares of Raymond James Financial in the second quarter valued at approximately $363,000. Institutional investors and hedge funds own 83.83% of the company's stock.

Raymond James Financial Stock Up 0.0%

Shares of Raymond James Financial stock opened at $153.48 on Friday. Raymond James Financial, Inc. has a 52-week low of $133.89 and a 52-week high of $177.66. The company has a 50 day moving average of $149.88 and a 200 day moving average of $158.60. 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 company has a market capitalization of $30.25 billion, a P/E ratio of 14.51, a P/E/G ratio of 1.17 and a beta of 1.00.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.76 by $0.07. Raymond James Financial had a net margin of 13.04% and a return on equity of 18.01%. The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the firm earned $2.42 earnings per share. The firm's quarterly revenue was up 13.4% on a year-over-year basis. As a group, research analysts forecast that Raymond James Financial, Inc. will post 11.71 EPS for the current fiscal year.

Raymond James Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $2.16 dividend on an annualized basis and a yield of 1.4%. Raymond James Financial's dividend payout ratio (DPR) is presently 21.14%.

Insiders Place Their Bets

In other Raymond James Financial news, insider Bella Loykhter Allaire sold 29,551 shares of the firm's stock in a transaction that occurred on Thursday, March 19th. The shares were 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 of the company's stock, valued at approximately $7,627,431.24. This trade represents a 35.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.58% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on RJF shares. UBS Group reiterated a "neutral" rating and issued a $166.00 price target (up from $158.00) on shares of Raymond James Financial in a research note on Thursday. Barclays reiterated an "overweight" rating and issued a $182.00 price target (up from $174.00) on shares of Raymond James Financial in a research note on Thursday. Morgan Stanley decreased their price target on shares of Raymond James Financial from $187.00 to $171.00 and set an "equal weight" rating for the company in a research note on Friday, April 10th. BMO Capital Markets lifted their price target on shares of Raymond James Financial from $152.00 to $165.00 and gave the stock a "market perform" rating in a research note on Thursday. Finally, Weiss Ratings upgraded shares of Raymond James Financial from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, February 20th. Four analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $173.17.

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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