Danske Bank A S Purchases 26,913 Shares of Raymond James Financial, Inc. $RJF
by Jessica Moore · The Cerbat GemDanske Bank A S lifted its position in Raymond James Financial, Inc. (NYSE:RJF – Free Report) by 18.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 174,474 shares of the financial services provider’s stock after buying an additional 26,913 shares during the quarter. Danske Bank A S’s holdings in Raymond James Financial were worth $28,019,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new stake in Raymond James Financial during the third quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Raymond James Financial during the fourth quarter worth approximately $32,000. Quent Capital LLC bought a new stake in Raymond James Financial during the third quarter worth approximately $33,000. Anfield Capital Management LLC acquired a new position in shares of Raymond James Financial during the third quarter worth approximately $33,000. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of Raymond James Financial by 452.6% during the fourth quarter. Harbor Investment Advisory LLC now owns 210 shares of the financial services provider’s stock worth $34,000 after buying an additional 172 shares during the last quarter. Institutional investors own 83.83% of the company’s stock.
Raymond James Financial Stock Performance
Shares of NYSE RJF opened at $156.33 on Friday. The business has a fifty day simple moving average of $149.65 and a 200 day simple moving average of $158.38. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $30.81 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 1.20 and a beta of 0.99. Raymond James Financial, Inc. has a one year low of $138.82 and a one year high of $177.66.
Raymond James Financial (NYSE:RJF – Get Free Report) last issued its earnings results on Wednesday, April 22nd. The financial services provider reported $2.83 EPS for the quarter, beating analysts’ consensus estimates of $2.76 by $0.07. The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.92 billion. Raymond James Financial had a return on equity of 18.01% and a net margin of 13.04%.Raymond James Financial’s revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.42 earnings per share. Sell-side analysts expect that Raymond James Financial, Inc. will post 11.83 EPS for the current year.
Raymond James Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.4%. The ex-dividend date was Wednesday, April 1st. Raymond James Financial’s dividend payout ratio is currently 20.42%.
Insider Transactions at Raymond James Financial
In other Raymond James Financial news, insider Bella Loykhter Allaire sold 29,551 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $142.34, for a total transaction of $4,206,289.34. Following the completion of the transaction, the insider directly owned 53,586 shares in the company, valued at $7,627,431.24. This represents a 35.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.58% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. BMO Capital Markets upped their price target on Raymond James Financial from $152.00 to $165.00 and gave the stock a “market perform” rating in a report on Thursday, April 23rd. Weiss Ratings upgraded Raymond James Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Barclays reiterated an “overweight” rating and set a $182.00 price target (up from $174.00) on shares of Raymond James Financial in a report on Thursday, April 23rd. Jefferies Financial Group cut their price target on Raymond James Financial from $165.00 to $145.00 and set a “hold” rating for the company in a report on Monday, April 6th. Finally, TD Cowen reiterated a “hold” rating and set a $159.00 price target (up from $156.00) on shares of Raymond James Financial in a report on Thursday, April 23rd. Four investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $173.25.
Get Our Latest Analysis on RJF
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.
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