Guinness Asset Management LTD Buys 95 Shares of Raymond James Financial, Inc. $RJF

Guinness Asset Management LTD grew its position in Raymond James Financial, Inc. (NYSE:RJF) by 2.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,118 shares of the financial services provider’s stock after buying an additional 95 shares during the period. Guinness Asset Management LTD’s holdings in Raymond James Financial were worth $632,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC grew its holdings in 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 worth $28,000 after acquiring an additional 123 shares during the period. Olde Wealth Management LLC bought a new stake in Raymond James Financial during the 1st quarter worth approximately $33,000. Princeton Global Asset Management LLC raised its holdings in shares of Raymond James Financial by 69.0% during the second quarter. Princeton Global Asset Management LLC now owns 245 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 100 shares during the period. TCTC Holdings LLC raised its stake in shares of Raymond James Financial by 72.9% in the 1st quarter. TCTC Holdings LLC now owns 287 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 121 shares during the period. Finally, Larson Financial Group LLC lifted its stake in Raymond James Financial by 364.3% in the 1st 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 in the last quarter. Institutional investors and hedge funds own 83.83% of the company’s stock.

Analyst Ratings Changes

RJF has been the subject of a number of recent research reports. JPMorgan Chase & Co. upped their price target on Raymond James Financial from $178.00 to $180.00 and gave the stock a “neutral” rating in a research report on Thursday. Citigroup reissued an “outperform” rating on shares of Raymond James Financial in a research report on Thursday, October 9th. Cowen reaffirmed a “hold” rating on shares of Raymond James Financial in a research report on Thursday. Morgan Stanley lifted their price target on shares of 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. Finally, BMO Capital Markets boosted their price target 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. One investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $177.20.

Raymond James Financial Trading Down 1.7%

NYSE RJF opened at $162.25 on Monday. Raymond James Financial, Inc. has a 12 month low of $117.57 and a 12 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 stock has a 50 day moving average of $167.36 and a 200-day moving average of $156.72. The company has a market cap of $32.35 billion, a PE ratio of 15.77, a PEG ratio of 1.22 and a beta of 1.03.

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

Raymond James Financial Dividend Announcement

The company also recently announced 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 1.2%. The ex-dividend date of this dividend was Wednesday, October 1st. Raymond James Financial’s dividend payout ratio is presently 19.44%.

About Raymond James Financial

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.