Robeco Institutional Asset Management B.V. Buys 141,852 Shares of Raymond James Financial, Inc. (NYSE:RJF)

Robeco Institutional Asset Management B.V. lifted its position in Raymond James Financial, Inc. (NYSE:RJF - Free Report) by 109.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 270,991 shares of the financial services provider's stock after buying an additional 141,852 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.13% of Raymond James Financial worth $37,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Raymond James Financial in the first quarter valued at about $25,000. TCTC Holdings LLC increased its position in shares of Raymond James Financial by 176.7% during the 4th quarter. TCTC Holdings LLC now owns 166 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 106 shares during the last quarter. Alpine Bank Wealth Management bought a new position in shares of Raymond James Financial in the 1st quarter worth approximately $27,000. Golden State Wealth Management LLC boosted its holdings in shares of Raymond James Financial by 164.0% in the first quarter. Golden State Wealth Management LLC now owns 198 shares of the financial services provider's stock worth $28,000 after buying an additional 123 shares during the last quarter. Finally, Plato Investment Management Ltd grew its position in Raymond James Financial by 1,142.1% during the fourth quarter. Plato Investment Management Ltd now owns 236 shares of the financial services provider's stock valued at $37,000 after buying an additional 217 shares during the period. 83.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Raymond James Financial

In related news, insider Bella Loykhter Allaire sold 6,570 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $146.61, for a total transaction of $963,227.70. Following the completion of the transaction, the insider now directly owns 74,586 shares of the company's stock, valued at approximately $10,935,053.46. This represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James E. Bunn sold 3,650 shares of Raymond James Financial stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $136.49, for a total value of $498,188.50. Following the completion of the sale, the insider now directly owns 78,227 shares in the company, valued at approximately $10,677,203.23. The trade was a 4.46% decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

Raymond James Financial Price Performance

Shares of NYSE RJF traded up $0.63 during mid-day trading on Friday, reaching $153.24. The company's stock had a trading volume of 1,843,937 shares, compared to its average volume of 1,326,258. 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, Inc. has a 52 week low of $104.24 and a 52 week high of $174.32. The stock has a fifty day moving average of $145.87 and a two-hundred day moving average of $149.72. The firm has a market capitalization of $30.92 billion, a PE ratio of 14.75, a P/E/G ratio of 1.84 and a beta of 1.03.

Raymond James Financial (NYSE:RJF - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $2.42 EPS for the quarter, missing analysts' consensus estimates of $2.44 by ($0.02). Raymond James Financial had a return on equity of 19.31% and a net margin of 13.99%. The business had revenue of $3.40 billion during the quarter, compared to analysts' expectations of $3.46 billion. During the same period in the prior year, the firm posted $2.31 earnings per share. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Raymond James Financial, Inc. will post 11.17 EPS for the current fiscal year.

Raymond James Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.31%. Raymond James Financial's dividend payout ratio is 19.25%.

Wall Street Analyst Weigh In

RJF has been the topic of several recent research reports. Wells Fargo & Company decreased their price target on shares of Raymond James Financial from $176.00 to $143.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. decreased their target price on Raymond James Financial from $149.00 to $143.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Morgan Stanley lifted their target price on Raymond James Financial from $149.00 to $161.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 4th. Bank of America cut Raymond James Financial from a "buy" rating to a "neutral" rating and set a $159.00 price target for the company. in a research report on Wednesday, April 30th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $175.00 price objective on shares of Raymond James Financial in a research report on Thursday, April 24th. Eleven research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $153.82.

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.