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

Fiera Capital Corp raised its position in Raymond James Financial, Inc. (NYSE:RJF) by 20.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,287 shares of the financial services provider’s stock after buying an additional 8,161 shares during the period. Fiera Capital Corp’s holdings in Raymond James Financial were worth $8,334,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. West Branch Capital LLC bought a new position in shares of Raymond James Financial in the third quarter valued at approximately $26,000. Salomon & Ludwin LLC bought a new stake in Raymond James Financial during the 3rd quarter worth approximately $31,000. Quent Capital LLC acquired a new stake in Raymond James Financial during the 3rd quarter valued at $33,000. Root Financial Partners LLC bought a new position in Raymond James Financial in the 3rd quarter valued at $50,000. Finally, South Dakota Investment Council boosted its stake in Raymond James Financial by 300.0% in the second 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. 83.83% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Paul C. Reilly sold 130,687 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $163.15, for a total value of $21,321,584.05. Following the completion of the sale, the insider directly owned 260,546 shares of the company’s stock, valued at $42,508,079.90. This represents a 33.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.58% of the company’s stock.

Raymond James Financial Price Performance

RJF opened at $158.15 on Friday. The company has a fifty day moving average price of $165.53 and a two-hundred day moving average price of $164.63. The firm has a market capitalization of $31.17 billion, a PE ratio of 15.47, a P/E/G ratio of 1.17 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. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.04 and a current ratio of 1.06.

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

Raymond James Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be issued a dividend of $0.54 per share. The ex-dividend date is Wednesday, April 1st. This represents a $2.16 dividend on an annualized basis and a yield of 1.4%. Raymond James Financial’s dividend payout ratio (DPR) is 21.14%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on RJF shares. Barclays started coverage on Raymond James Financial in a research note on Wednesday, January 28th. They issued an “overweight” rating and a $191.00 target price for the company. Bank of America increased their price objective on shares of Raymond James Financial from $194.00 to $196.00 and gave the stock a “neutral” rating in a report on Wednesday, December 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Raymond James Financial in a research note on Thursday, January 22nd. Morgan Stanley reiterated a “positive” rating on shares of Raymond James Financial in a research report on Monday, December 22nd. Finally, UBS Group set a $176.00 price target on shares of Raymond James Financial and gave the company a “neutral” rating in a research note on Thursday, December 11th. Four analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $182.17.

About Raymond James Financial

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.