Schroder Investment Management Group Buys 9,238 Shares of Raymond James Financial, Inc. $RJF

Key Points

• Schroder Investment Management increased its stake in Raymond James (NYSE:RJF) by 4.7%, buying 9,238 shares to hold 204,063 shares worth about $36.0 million (≈0.10% of the company).
• Raymond James reported Q results of $2.86 EPS (vs. $2.83 est.) and $3.74B revenue (below $3.83B est.), announced a quarterly dividend of $0.54 ($2.16 annual, ~1.5% yield), and carries a MarketBeat consensus rating of Hold with a $182.17 price target.
• Insider Paul C. Reilly sold 130,687 shares in December (a 33.4% reduction), and insiders now own 0.58% of RJF stock.

Schroder Investment Management Group raised its stake in shares of Raymond James Financial, Inc. (NYSE:RJF - Free Report) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 204,063 shares of the financial services provider's stock after purchasing an additional 9,238 shares during the period. Schroder Investment Management Group owned 0.10% of Raymond James Financial worth $36,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of RJF. West Branch Capital LLC purchased a new position in shares of Raymond James Financial in the 3rd quarter worth approximately $26,000. Salomon & Ludwin LLC bought a new position in shares of Raymond James Financial during the 3rd quarter valued at approximately $31,000. Quent Capital LLC purchased a new stake in Raymond James Financial during the 3rd quarter valued at $33,000. Anfield Capital Management LLC bought a new stake in Raymond James Financial in the third quarter worth $33,000. Finally, Clearstead Trust LLC lifted its position in Raymond James Financial by 174.0% in the third quarter. Clearstead Trust LLC now owns 285 shares of the financial services provider's stock worth $49,000 after buying an additional 181 shares during the last quarter. 83.83% of the stock is owned by institutional investors.

Raymond James Financial Stock Down 0.2%

NYSE:RJF opened at $148.36 on Thursday. The company has a market cap of $29.24 billion, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 1.10 and a beta of 1.00. Raymond James Financial, Inc. has a twelve month low of $117.57 and a twelve month high of $177.66. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.42. The stock has a fifty day simple moving average of $163.03 and a 200-day simple moving average of $163.65.

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, topping the consensus estimate of $2.83 by $0.03. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.83 billion. Raymond James Financial had a net margin of 13.07% and a return on equity of 17.65%. The firm's revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.93 EPS. Analysts anticipate that Raymond James Financial, Inc. will post 11.17 EPS for the current year.

Raymond James Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st will be paid 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 1.5%. Raymond James Financial's dividend payout ratio is 21.14%.

Analysts Set New Price Targets

RJF has been the subject of several recent analyst reports. Barclays started coverage on shares of Raymond James Financial in a research note on Wednesday, January 28th. They set an "overweight" rating and a $191.00 price objective for the company. Morgan Stanley restated a "positive" rating on shares of Raymond James Financial in a report on Monday, December 22nd. UBS Group set a $176.00 price target on shares of Raymond James Financial and gave the stock a "neutral" rating in a research note on Thursday, December 11th. Weiss Ratings upgraded shares of Raymond James Financial from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, February 20th. Finally, Bank of America increased their price objective on shares of Raymond James Financial from $194.00 to $196.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 10th. Five analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $182.17.

Insider Buying and Selling

In other Raymond James Financial news, insider Paul C. Reilly sold 130,687 shares of Raymond James Financial stock in a transaction on Monday, December 15th. The stock was sold at an average price of $163.15, for a total transaction of $21,321,584.05. Following the completion of the sale, the insider directly owned 260,546 shares of the company's stock, valued at $42,508,079.90. The trade was a 33.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.58% of the stock is owned by insiders.

About Raymond James Financial

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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