Vanguard Personalized Indexing Management LLC Boosts Holdings in Raymond James (NYSE:RJF)

Vanguard Personalized Indexing Management LLC lifted its position in Raymond James (NYSE:RJF) by 6.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,450 shares of the financial services provider’s stock after acquiring an additional 1,856 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Raymond James were worth $3,561,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in RJF. Meiji Yasuda Asset Management Co Ltd. lifted its stake in Raymond James by 9.1% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,111 shares of the financial services provider’s stock worth $385,000 after purchasing an additional 260 shares during the last quarter. SYSTM Wealth Solutions LLC lifted its stake in shares of Raymond James by 4.5% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 43,067 shares of the financial services provider’s stock worth $5,324,000 after acquiring an additional 1,851 shares during the last quarter. Edgestream Partners L.P. purchased a new position in Raymond James during the 2nd quarter valued at $4,086,000. Citizens Financial Group Inc. RI grew its position in Raymond James by 0.9% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 50,568 shares of the financial services provider’s stock valued at $6,251,000 after acquiring an additional 456 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Raymond James by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,024,612 shares of the financial services provider’s stock valued at $250,238,000 after acquiring an additional 113,826 shares during the last quarter. 83.83% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Raymond James

In other news, EVP Bella Loykhter Allaire sold 17,363 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $115.00, for a total value of $1,996,745.00. Following the completion of the sale, the executive vice president now owns 75,586 shares of the company’s stock, valued at approximately $8,692,390. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Bella Loykhter Allaire sold 17,363 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $115.00, for a total value of $1,996,745.00. Following the completion of the transaction, the executive vice president now directly owns 75,586 shares of the company’s stock, valued at approximately $8,692,390. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tashtego S. Elwyn sold 31,277 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $109.64, for a total transaction of $3,429,210.28. Following the sale, the chief executive officer now directly owns 35,380 shares in the company, valued at approximately $3,879,063.20. The disclosure for this sale can be found here. Insiders own 9.74% of the company’s stock.

Raymond James Trading Up 2.5 %

Shares of NYSE RJF opened at $124.11 on Friday. Raymond James has a 1-year low of $91.67 and a 1-year high of $131.19. The business has a fifty day moving average price of $115.27 and a 200 day moving average price of $120.30. The stock has a market capitalization of $25.56 billion, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 0.81 and a beta of 1.02. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.02 and a quick ratio of 0.99.

Raymond James (NYSE:RJF) last released its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $2.39 EPS for the quarter, beating the consensus estimate of $2.31 by $0.08. Raymond James had a net margin of 13.16% and a return on equity of 18.44%. The business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same period in the prior year, the firm posted $1.85 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. Equities research analysts expect that Raymond James will post 9.58 EPS for the current fiscal year.

Raymond James Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Tuesday, October 1st. Raymond James’s dividend payout ratio is currently 21.77%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wolfe Research restated a “peer perform” rating on shares of Raymond James in a report on Monday, July 8th. JPMorgan Chase & Co. dropped their target price on shares of Raymond James from $137.00 to $135.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. TD Cowen lifted their price target on shares of Raymond James from $130.00 to $133.00 and gave the company a “hold” rating in a research note on Monday, July 8th. UBS Group dropped their price objective on Raymond James from $138.00 to $135.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Finally, Jefferies Financial Group upped their target price on Raymond James from $122.00 to $123.00 and gave the stock a “hold” rating in a report on Monday, July 8th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $130.70.

Raymond James Profile

Raymond James Financial, Inc, a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments.