J. Safra Sarasin Holding AG Acquires New Position in Raymond James Financial, Inc. $RJF

J. Safra Sarasin Holding AG acquired a new stake in Raymond James Financial, Inc. (NYSE:RJF) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,893 shares of the financial services provider’s stock, valued at approximately $1,428,000.

Other institutional investors have also bought and sold shares of the company. New England Professional Planning Group Inc. boosted its holdings in shares of Raymond James Financial by 3.6% during the 4th quarter. New England Professional Planning Group Inc. now owns 46,689 shares of the financial services provider’s stock worth $7,498,000 after purchasing an additional 1,638 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. acquired a new stake in shares of Raymond James Financial in the fourth quarter valued at approximately $1,097,000. Wealthcare Advisory Partners LLC increased its holdings in shares of Raymond James Financial by 7.9% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 5,015 shares of the financial services provider’s stock valued at $805,000 after purchasing an additional 368 shares during the last quarter. Net Worth Advisory Group lifted its position in Raymond James Financial by 19.6% during the fourth quarter. Net Worth Advisory Group now owns 5,049 shares of the financial services provider’s stock worth $811,000 after buying an additional 828 shares in the last quarter. Finally, JFS Wealth Advisors LLC lifted its position in Raymond James Financial by 24.3% during the fourth quarter. JFS Wealth Advisors LLC now owns 373 shares of the financial services provider’s stock worth $60,000 after buying an additional 73 shares in the last quarter. 83.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Morgan Stanley restated a “positive” rating on shares of Raymond James Financial in a report on Monday, December 22nd. Weiss Ratings upgraded Raymond James Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Barclays began coverage on shares of Raymond James Financial in a research report on Wednesday, January 28th. They set an “overweight” rating and a $191.00 price target on the stock. Bank of America raised their price objective on shares of Raymond James Financial from $194.00 to $196.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. Finally, UBS Group set a $176.00 target price on shares of Raymond James Financial and gave the stock a “neutral” rating in a research note on Thursday, December 11th. Five equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $182.17.

Insider Buying and Selling

In other Raymond James Financial news, insider Bella Loykhter Allaire sold 29,551 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $142.34, for a total value of $4,206,289.34. Following the transaction, the insider owned 53,586 shares of the company’s stock, valued at $7,627,431.24. This represents a 35.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.58% of the stock is owned by insiders.

Raymond James Financial Price Performance

RJF stock opened at $143.45 on Thursday. The business has a fifty day moving average of $155.71 and a two-hundred day moving average of $161.12. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.42. The stock has a market cap of $28.27 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 1.08 and a beta of 1.00. Raymond James Financial, Inc. has a 52-week low of $117.57 and a 52-week high of $177.66.

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

Raymond James Financial Announces Dividend

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

Raymond James Financial 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.