Nisa Investment Advisors LLC Has $14.29 Million Stock Holdings in Raymond James Financial, Inc. $RJF

Nisa Investment Advisors LLC increased its position in Raymond James Financial, Inc. (NYSE:RJF) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,177 shares of the financial services provider’s stock after buying an additional 418 shares during the period. Nisa Investment Advisors LLC’s holdings in Raymond James Financial were worth $14,291,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Raymond James Financial by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 22,244,204 shares of the financial services provider’s stock valued at $3,089,942,000 after purchasing an additional 347,916 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Raymond James Financial by 0.7% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,136,413 shares of the financial services provider’s stock valued at $574,590,000 after purchasing an additional 29,086 shares during the last quarter. Invesco Ltd. boosted its stake in Raymond James Financial by 19.1% during the 1st quarter. Invesco Ltd. now owns 2,901,435 shares of the financial services provider’s stock valued at $403,038,000 after purchasing an additional 466,129 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Raymond James Financial by 8.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,335,254 shares of the financial services provider’s stock valued at $324,390,000 after purchasing an additional 178,262 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Raymond James Financial by 6.7% during the 1st quarter. Northern Trust Corp now owns 2,247,922 shares of the financial services provider’s stock valued at $312,259,000 after purchasing an additional 140,704 shares during the last quarter. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Raymond James Financial Price Performance

Raymond James Financial stock opened at $162.25 on Monday. Raymond James Financial, Inc. has a 52 week low of $117.57 and a 52 week high of $177.66. The company’s 50 day moving average price is $167.36 and its two-hundred day moving average price is $156.72. 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 stock has a market cap of $32.35 billion, a P/E ratio of 15.77, a P/E/G ratio of 1.22 and a beta of 1.03.

Raymond James Financial (NYSE:RJF) last posted its earnings results on Wednesday, October 22nd. The financial services provider reported $3.11 EPS for the quarter, topping the consensus estimate of $2.83 by $0.28. The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Raymond James Financial had a net margin of 13.42% and a return on equity of 18.33%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.95 EPS. On average, equities analysts predict that Raymond James Financial, Inc. will post 11.17 earnings per share for the current year.

Raymond James Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, October 1st. Raymond James Financial’s payout ratio is 19.44%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on RJF shares. Morgan Stanley lifted their price target on Raymond James Financial from $176.00 to $184.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 1st. Wells Fargo & Company lifted 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Raymond James Financial in a research note on Saturday. BMO Capital Markets lifted their target price on shares of Raymond James Financial from $180.00 to $182.00 and gave the stock a “market perform” rating in a research report on Thursday. Finally, Citigroup reissued an “outperform” rating on shares of Raymond James Financial in a research report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $177.20.

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.