Bryn Mawr Trust Advisors LLC Invests $212,000 in Raymond James Financial, Inc. $RJF

Bryn Mawr Trust Advisors LLC purchased a new position in Raymond James Financial, Inc. (NYSE:RJF) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,380 shares of the financial services provider’s stock, valued at approximately $212,000.

Several other institutional investors and hedge funds have also bought and sold shares of RJF. Princeton Global Asset Management LLC increased its holdings in Raymond James Financial by 69.0% in 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 boosted its position in shares of 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 acquiring an additional 121 shares in the last quarter. Larson Financial Group LLC increased its stake in Raymond James Financial by 364.3% in the first quarter. Larson Financial Group LLC now owns 325 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 255 shares during the last quarter. TD Private Client Wealth LLC raised its position in Raymond James Financial by 47.2% during the second quarter. TD Private Client Wealth LLC now owns 337 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 108 shares in the last quarter. Finally, South Dakota Investment Council raised its position in Raymond James Financial by 300.0% during the second quarter. South Dakota Investment Council now owns 400 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 83.83% of the company’s stock.

Raymond James Financial Stock Up 1.3%

Shares of NYSE:RJF opened at $162.92 on Monday. The firm has a market cap of $32.48 billion, a P/E ratio of 15.83, a P/E/G ratio of 1.19 and a beta of 1.05. Raymond James Financial, Inc. has a 12-month low of $117.57 and a 12-month high of $177.66. The business has a fifty day simple moving average of $166.11 and a 200 day simple moving average of $158.67. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.33.

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 the consensus estimate 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 company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the prior year, the firm posted $2.95 earnings per share. The business’s quarterly revenue was up 7.7% on a year-over-year basis. Analysts predict that Raymond James Financial, Inc. will post 11.17 earnings per share for the current year.

Raymond James Financial Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on RJF. TD Cowen lifted their price target on Raymond James Financial from $175.00 to $180.00 and gave the company a “hold” rating in a research note on Thursday, October 23rd. Cowen reaffirmed a “hold” rating on shares of Raymond James Financial in a research note on Thursday, October 23rd. Morgan Stanley boosted their target price on Raymond James Financial from $176.00 to $184.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Raymond James Financial in a report on Wednesday, October 8th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Raymond James Financial in a report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Raymond James Financial presently has a consensus rating of “Hold” and an average target price of $177.20.

Raymond James Financial Company 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.