Lighthouse Investment Partners LLC Has $9.17 Million Stock Holdings in Raymond James Financial, Inc. $RJF

Lighthouse Investment Partners LLC trimmed its holdings in shares of Raymond James Financial, Inc. (NYSE:RJF) by 21.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 53,148 shares of the financial services provider’s stock after selling 14,542 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in Raymond James Financial were worth $9,173,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of RJF. 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 valued at $625,000 after buying an additional 61 shares during the period. Meridian Wealth Advisors LLC raised its holdings in shares of Raymond James Financial by 0.6% during the third quarter. Meridian Wealth Advisors LLC now owns 10,216 shares of the financial services provider’s stock worth $1,763,000 after acquiring an additional 62 shares during the period. Waterloo Capital L.P. raised its holdings in shares of Raymond James Financial by 2.0% during the second quarter. Waterloo Capital L.P. now owns 3,302 shares of the financial services provider’s stock worth $506,000 after acquiring an additional 64 shares during the period. Wedmont Private Capital lifted its position in Raymond James Financial by 0.6% in the 3rd quarter. Wedmont Private Capital now owns 10,425 shares of the financial services provider’s stock valued at $1,727,000 after acquiring an additional 64 shares in the last quarter. Finally, Tectonic Advisors LLC lifted its position in Raymond James Financial by 2.0% in the 3rd quarter. Tectonic Advisors LLC now owns 3,264 shares of the financial services provider’s stock valued at $563,000 after acquiring an additional 65 shares in the last quarter. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Raymond James Financial Price Performance

Shares of NYSE RJF opened at $146.07 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.06 and a quick ratio of 1.04. The business has a 50-day moving average of $162.36 and a 200-day moving average of $163.31. The stock has a market capitalization of $28.79 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 1.08 and a beta of 1.00. Raymond James Financial, Inc. has a fifty-two week low of $117.57 and a fifty-two week high of $177.66.

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

Raymond James Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be paid a dividend of $0.54 per share. The ex-dividend date is Wednesday, April 1st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.5%. Raymond James Financial’s dividend payout ratio is currently 21.14%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RJF. Barclays started coverage on Raymond James Financial in a report on Wednesday, January 28th. They set an “overweight” rating and a $191.00 target price for the company. Weiss Ratings upgraded Raymond James Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. TD Cowen reaffirmed a “hold” rating on shares of Raymond James Financial in a research report on Wednesday, January 14th. UBS Group set a $176.00 price target on shares of Raymond James Financial and gave the stock a “neutral” rating in a research note on Thursday, December 11th. Finally, Morgan Stanley reiterated a “positive” rating on shares of Raymond James Financial in a report on Monday, December 22nd. Five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $182.17.

Raymond James Financial Company Profile

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.