TD Asset Management Inc Has $55.93 Million Holdings in Raymond James Financial, Inc. $RJF

TD Asset Management Inc decreased its position in Raymond James Financial, Inc. (NYSE:RJF) by 14.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 324,038 shares of the financial services provider’s stock after selling 53,350 shares during the period. TD Asset Management Inc’s holdings in Raymond James Financial were worth $55,929,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Mufg Securities Americas Inc. grew its holdings in Raymond James Financial by 18.9% during the 3rd quarter. Mufg Securities Americas Inc. now owns 4,786 shares of the financial services provider’s stock worth $826,000 after acquiring an additional 762 shares during the period. Compound Planning Inc. grew its stake in Raymond James Financial by 15.6% during the third quarter. Compound Planning Inc. now owns 1,639 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 221 shares during the period. EverSource Wealth Advisors LLC grew its stake in Raymond James Financial by 10.1% during the third quarter. EverSource Wealth Advisors LLC now owns 1,303 shares of the financial services provider’s stock worth $225,000 after purchasing an additional 119 shares during the period. Clearstead Trust LLC increased its holdings in Raymond James Financial by 174.0% in the third quarter. Clearstead Trust LLC now owns 285 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 181 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. lifted its stake in Raymond James Financial by 634.7% in the third quarter. Vestmark Advisory Solutions Inc. now owns 12,101 shares of the financial services provider’s stock valued at $2,089,000 after buying an additional 10,454 shares during the period. Institutional investors own 83.83% of the company’s stock.

Insider Transactions at Raymond James Financial

In related news, insider Paul C. Reilly sold 130,687 shares of the stock in a transaction on 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 transaction, the insider owned 260,546 shares of the company’s stock, valued at $42,508,079.90. This represents a 33.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.58% of the company’s stock.

Raymond James Financial Stock Up 0.8%

Shares of NYSE:RJF opened at $159.68 on Friday. The company has a market cap of $31.47 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 1.17 and a beta of 1.00. Raymond James Financial, Inc. has a one year low of $117.57 and a one year high of $177.66. The firm has a fifty day moving average price of $165.14 and a two-hundred day moving average price of $164.39. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.06 and a quick ratio of 1.04.

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

Raymond James Financial Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently commented on RJF. Morgan Stanley reaffirmed a “positive” rating on shares of Raymond James Financial in a research report on Monday, December 22nd. Bank of America lifted their price target on shares of Raymond James Financial from $194.00 to $196.00 and gave the company a “neutral” rating in a research note on Wednesday, December 10th. Barclays started coverage on Raymond James Financial in a research note on Wednesday, January 28th. They set an “overweight” rating and a $191.00 price target on the stock. Weiss Ratings raised shares of Raymond James Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Finally, UBS Group set a $176.00 price target on shares of Raymond James Financial and gave the stock a “neutral” rating in a report on Thursday, December 11th. Five research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $182.17.

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.