Janney Montgomery Scott LLC Acquires 1,986 Shares of Raymond James Financial, Inc. (RJF)

Janney Montgomery Scott LLC increased its holdings in shares of Raymond James Financial, Inc. (NYSE:RJF) by 14.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,114 shares of the financial services provider’s stock after purchasing an additional 1,986 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Raymond James Financial were worth $1,359,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in RJF. Canada Pension Plan Investment Board boosted its holdings in Raymond James Financial by 41.4% during the second quarter. Canada Pension Plan Investment Board now owns 45,100 shares of the financial services provider’s stock worth $3,618,000 after purchasing an additional 13,200 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Raymond James Financial by 51.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 12,500 shares of the financial services provider’s stock valued at $1,049,000 after acquiring an additional 4,253 shares during the last quarter. Legal & General Group Plc lifted its stake in Raymond James Financial by 13.1% in the second quarter. Legal & General Group Plc now owns 599,849 shares of the financial services provider’s stock valued at $48,121,000 after acquiring an additional 69,456 shares during the last quarter. Comerica Bank lifted its stake in Raymond James Financial by 0.7% in the second quarter. Comerica Bank now owns 34,898 shares of the financial services provider’s stock valued at $2,926,000 after acquiring an additional 249 shares during the last quarter. Finally, BB&T Securities LLC lifted its stake in Raymond James Financial by 38.2% in the second quarter. BB&T Securities LLC now owns 8,216 shares of the financial services provider’s stock valued at $659,000 after acquiring an additional 2,271 shares during the last quarter. Institutional investors and hedge funds own 69.79% of the company’s stock.

In other news, SVP George Catanese sold 506 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $88.29, for a total transaction of $44,674.74. Following the completion of the sale, the senior vice president now owns 5,884 shares in the company, valued at approximately $519,498.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Thomas A. James sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $85.98, for a total transaction of $17,196,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 318,204 shares of company stock valued at $27,453,239. 11.18% of the stock is currently owned by corporate insiders.

A number of brokerages have commented on RJF. Wells Fargo & Co reiterated an “outperform” rating and issued a $110.00 price target (up previously from $94.00) on shares of Raymond James Financial in a research note on Thursday, January 4th. Credit Suisse Group reiterated a “hold” rating and issued a $82.00 price target on shares of Raymond James Financial in a research note on Wednesday, January 3rd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $85.00 price target on shares of Raymond James Financial in a research note on Tuesday, October 3rd. Finally, Buckingham Research increased their price target on shares of Raymond James Financial from $92.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $91.43.

Raymond James Financial, Inc. (RJF) traded up $1.62 during midday trading on Friday, hitting $96.79. 887,185 shares of the stock were exchanged, compared to its average volume of 1,060,044. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.60. The firm has a market cap of $13,900.00, a PE ratio of 22.41, a PEG ratio of 0.79 and a beta of 1.71. Raymond James Financial, Inc. has a one year low of $70.74 and a one year high of $96.79.

Raymond James Financial (NYSE:RJF) last posted its earnings results on Wednesday, October 25th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.15. The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Raymond James Financial had a net margin of 9.75% and a return on equity of 13.75%. Raymond James Financial’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.28 EPS. equities analysts anticipate that Raymond James Financial, Inc. will post 6.78 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Wednesday, January 3rd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Tuesday, January 2nd. This is a boost from Raymond James Financial’s previous quarterly dividend of $0.22. Raymond James Financial’s dividend payout ratio (DPR) is currently 23.15%.

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About Raymond James Financial

Raymond James Financial, Inc (RJF) is a financial holding company. The Company’s subsidiaries include Raymond James & Associates, Inc (RJ&A), Raymond James Financial Services, Inc (RJFS), Raymond James Financial Services Advisors, Inc (RJFSA), Raymond James Ltd. (RJ Ltd.), Eagle Asset Management, Inc (Eagle), and Raymond James Bank, N.A.

Institutional Ownership by Quarter for Raymond James Financial (NYSE:RJF)

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