Fiera Capital Corp Purchases 8,161 Shares of Raymond James Financial, Inc. $RJF

Fiera Capital Corp grew its position in Raymond James Financial, Inc. (NYSE:RJF) by 20.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 48,287 shares of the financial services provider’s stock after acquiring an additional 8,161 shares during the period. Fiera Capital Corp’s holdings in Raymond James Financial were worth $8,334,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in RJF. West Branch Capital LLC acquired a new position in Raymond James Financial in the third quarter valued at about $26,000. Salomon & Ludwin LLC acquired a new stake in shares of Raymond James Financial during the third quarter worth about $31,000. Quent Capital LLC acquired a new position in shares of Raymond James Financial in the 3rd quarter valued at approximately $33,000. Root Financial Partners LLC acquired a new position in shares of Raymond James Financial in the 3rd quarter valued at approximately $50,000. Finally, South Dakota Investment Council increased its stake in Raymond James Financial by 300.0% during the 2nd quarter. South Dakota Investment Council now owns 400 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 83.83% of the company’s stock.

Insiders Place Their Bets

In other Raymond James Financial news, insider Paul C. Reilly sold 130,687 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider owned 260,546 shares of the company’s stock, valued at $42,508,079.90. The trade was a 33.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.58% of the stock is currently owned by corporate insiders.

Raymond James Financial Stock Up 0.1%

Raymond James Financial stock opened at $158.15 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.42. Raymond James Financial, Inc. has a 1-year low of $117.57 and a 1-year high of $177.66. The company has a fifty day simple moving average of $165.53 and a 200 day simple moving average of $164.63. The company has a market cap of $31.17 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 1.17 and a beta of 1.00.

Raymond James Financial (NYSE:RJF) last issued its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $2.86 EPS for the quarter, topping the consensus estimate of $2.83 by $0.03. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Raymond James Financial had a net margin of 13.07% and a return on equity of 17.65%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.93 EPS. Research analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders 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 is Wednesday, April 1st. Raymond James Financial’s dividend payout ratio (DPR) is currently 21.14%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on RJF shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Raymond James Financial in a research note on Thursday, January 22nd. Barclays initiated coverage on shares of 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. Bank of America upped their target price on shares of Raymond James Financial from $194.00 to $196.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 10th. TD Cowen reissued a “hold” rating on shares of Raymond James Financial in a research note on Wednesday, January 14th. Finally, UBS Group set a $176.00 price objective on Raymond James Financial and gave the stock a “neutral” rating in a research report on Thursday, December 11th. Four research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Raymond James Financial presently has an average rating of “Hold” and an average 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.