Intellus Advisors LLC Increases Holdings in Raymond James Financial, Inc. $RJF

Intellus Advisors LLC lifted its stake in shares of Raymond James Financial, Inc. (NYSE:RJF) by 71.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,801 shares of the financial services provider’s stock after purchasing an additional 4,902 shares during the quarter. Intellus Advisors LLC’s holdings in Raymond James Financial were worth $2,037,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in RJF. Advisory Alpha LLC bought a new position in Raymond James Financial in the 3rd quarter worth about $231,000. Dimensional Fund Advisors LP increased its position in shares of Raymond James Financial by 10.7% during the third quarter. Dimensional Fund Advisors LP now owns 2,357,328 shares of the financial services provider’s stock valued at $406,941,000 after buying an additional 227,337 shares during the period. Cresset Asset Management LLC lifted its holdings in shares of Raymond James Financial by 39.8% in the third quarter. Cresset Asset Management LLC now owns 3,313 shares of the financial services provider’s stock worth $572,000 after buying an additional 944 shares in the last quarter. Level Four Advisory Services LLC boosted its position in shares of Raymond James Financial by 13.9% in the third quarter. Level Four Advisory Services LLC now owns 3,280 shares of the financial services provider’s stock valued at $566,000 after acquiring an additional 400 shares during the period. Finally, CI Investments Inc. boosted its position in shares of Raymond James Financial by 28.8% in the third quarter. CI Investments Inc. now owns 1,034 shares of the financial services provider’s stock valued at $178,000 after acquiring an additional 231 shares during the period. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Raymond James Financial Trading Down 2.7%

Shares of Raymond James Financial stock opened at $152.11 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.06 and a quick ratio of 1.04. Raymond James Financial, Inc. has a 1 year low of $117.57 and a 1 year high of $177.66. The firm has a market cap of $29.98 billion, a PE ratio of 14.88, a PEG ratio of 1.16 and a beta of 1.00. The company has a 50 day simple moving average of $163.81 and a two-hundred day simple moving average of $163.94.

Raymond James Financial (NYSE:RJF) last posted its quarterly earnings data on Wednesday, January 28th. The financial services provider reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.03. Raymond James Financial had a net margin of 13.07% and a return on equity of 17.65%. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter last year, the company posted $2.93 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. Analysts expect that Raymond James Financial, Inc. will post 11.17 earnings per share for the current fiscal year.

Raymond James Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, April 1st. Raymond James Financial’s dividend payout ratio is currently 21.14%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group set a $176.00 target price on shares of Raymond James Financial and gave the stock a “neutral” rating in a report on Thursday, December 11th. Bank of America boosted their price target on shares of Raymond James Financial from $194.00 to $196.00 and gave the company a “neutral” rating in a research report on Wednesday, December 10th. Weiss Ratings raised shares of Raymond James Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Barclays began coverage on Raymond James Financial in a research report on Wednesday, January 28th. They issued an “overweight” rating and a $191.00 price objective on the stock. Finally, TD Cowen reissued a “hold” rating on shares of Raymond James Financial in a research note on Wednesday, January 14th. Five analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $182.17.

Insider Buying and Selling

In other Raymond James Financial news, insider Paul C. Reilly sold 130,687 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $163.15, for a total transaction of $21,321,584.05. Following the sale, the insider owned 260,546 shares in the company, valued at $42,508,079.90. This trade represents a 33.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.58% of the stock is currently owned by corporate insiders.

About Raymond James Financial

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.