Oarsman Capital Inc. Increases Stock Holdings in Raymond James Financial, Inc. $RJF

Oarsman Capital Inc. lifted its stake in shares of Raymond James Financial, Inc. (NYSE:RJF) by 2.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,143 shares of the financial services provider’s stock after buying an additional 277 shares during the quarter. Oarsman Capital Inc.’s holdings in Raymond James Financial were worth $1,709,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC raised its holdings in shares of 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 valued at $28,000 after buying an additional 123 shares during the period. Olde Wealth Management LLC purchased a new stake in shares of Raymond James Financial during the 1st quarter valued at about $33,000. Princeton Global Asset Management LLC raised its holdings in shares of Raymond James Financial by 69.0% during the 2nd quarter. Princeton Global Asset Management LLC now owns 245 shares of the financial services provider’s stock valued at $38,000 after buying an additional 100 shares during the period. TCTC Holdings LLC increased its holdings in Raymond James Financial by 72.9% during the 1st quarter. TCTC Holdings LLC now owns 287 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 121 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in Raymond James Financial by 364.3% during the 1st quarter. Larson Financial Group LLC now owns 325 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 255 shares during the last quarter. 83.83% of the stock is currently owned by hedge funds and other institutional investors.

Raymond James Financial Price Performance

Shares of NYSE RJF opened at $159.88 on Wednesday. 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 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $31.88 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 1.22 and a beta of 1.03. The business has a 50 day simple moving average of $167.22 and a 200-day simple moving average of $157.09.

Raymond James Financial (NYSE:RJF) last issued its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.28. Raymond James Financial had a return on equity of 18.33% and a net margin of 13.42%.The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the previous year, the business earned $2.95 EPS. The business’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, equities research analysts expect that Raymond James Financial, Inc. will post 11.17 earnings per share for the current year.

Raymond James Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders 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 1.3%. The ex-dividend date was Wednesday, October 1st. Raymond James Financial’s payout ratio is 19.44%.

Wall Street Analysts Forecast Growth

RJF has been the topic of several analyst reports. Wells Fargo & Company lifted their price objective on Raymond James Financial from $155.00 to $163.00 and gave the stock an “equal weight” rating in a report on Friday, July 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Raymond James Financial in a report on Wednesday, October 8th. Citigroup restated an “outperform” rating on shares of Raymond James Financial in a report on Thursday, October 9th. JMP Securities lifted their price objective on Raymond James Financial from $185.00 to $190.00 and gave the stock a “market outperform” rating in a report on Thursday, October 23rd. Finally, TD Cowen lifted their price objective on Raymond James Financial from $175.00 to $180.00 and gave the stock a “hold” rating in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company 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.