Two Sigma Securities LLC Takes Position in Raymond James Financial, Inc. $RJF

Two Sigma Securities LLC acquired a new position in Raymond James Financial, Inc. (NYSE:RJFFree Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,058 shares of the financial services provider’s stock, valued at approximately $769,000.

Other hedge funds have also bought and sold shares of the company. Great Valley Advisor Group Inc. boosted its holdings in shares of Raymond James Financial by 1.5% in the second quarter. Great Valley Advisor Group Inc. now owns 4,076 shares of the financial services provider’s stock worth $625,000 after acquiring an additional 61 shares during the period. Collective Family Office LLC raised its stake in shares of Raymond James Financial by 3.0% during the 2nd quarter. Collective Family Office LLC now owns 2,124 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 62 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in Raymond James Financial by 10.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 765 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 71 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Raymond James Financial by 4.3% during the 3rd quarter. Parallel Advisors LLC now owns 1,722 shares of the financial services provider’s stock worth $297,000 after purchasing an additional 71 shares in the last quarter. Finally, Meeder Advisory Services Inc. boosted its stake in Raymond James Financial by 3.0% in the 1st quarter. Meeder Advisory Services Inc. now owns 2,469 shares of the financial services provider’s stock worth $358,000 after purchasing an additional 72 shares during the period. 83.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RJF has been the subject of several analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Raymond James Financial in a report on Monday, August 17th. UBS Group set a $184.00 price target on shares of Raymond James Financial and gave the stock a “neutral” rating in a report on Monday, July 27th. Argus increased their price objective on Raymond James Financial from $178.00 to $196.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Citizens Jmp lifted their price objective on Raymond James Financial from $200.00 to $205.00 and gave the company a “market outperform” rating in a research note on Thursday, July 23rd. Finally, BMO Capital Markets restated a “market perform” rating and set a $175.00 target price (up from $160.00) on shares of Raymond James Financial in a research report on Thursday, July 23rd. Five investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $181.46.

Get Our Latest Report on RJF

Insider Activity

In other Raymond James Financial news, insider Tashtego S. Elwyn sold 10,000 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $176.06, for a total value of $1,760,600.00. Following the sale, the insider directly owned 45,114 shares of the company’s stock, valued at approximately $7,942,770.84. The trade was a 18.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Steven M. Raney sold 5,770 shares of the business’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $172.97, for a total value of $998,036.90. Following the completion of the sale, the insider directly owned 43,046 shares in the company, valued at $7,445,666.62. This trade represents a 11.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 23,270 shares of company stock worth $4,090,637. Insiders own 0.58% of the company’s stock.

Raymond James Financial Stock Down 3.1%

Shares of Raymond James Financial stock opened at $172.65 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.03 and a current ratio of 1.06. Raymond James Financial, Inc. has a 52-week low of $138.82 and a 52-week high of $182.73. The stock has a market capitalization of $33.21 billion, a price-to-earnings ratio of 15.05, a P/E/G ratio of 1.09 and a beta of 0.91. The company’s 50 day moving average price is $170.99 and its 200-day moving average price is $158.23.

Raymond James Financial (NYSE:RJFGet Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $3.14 EPS for the quarter, beating the consensus estimate of $2.91 by $0.23. Raymond James Financial had a net margin of 13.57% and a return on equity of 19.07%. The firm had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same period in the prior year, the firm posted $2.18 earnings per share. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. Equities research analysts forecast that Raymond James Financial, Inc. will post 12.07 EPS for the current year.

Raymond James Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, October 1st. Raymond James Financial’s dividend payout ratio (DPR) is presently 18.83%.

Raymond James Financial Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Raymond James Financial (NYSE:RJF)

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