8,893 Shares in Raymond James Financial, Inc. $RJF Purchased by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG purchased a new stake in shares of Raymond James Financial, Inc. (NYSE:RJF) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 8,893 shares of the financial services provider’s stock, valued at approximately $1,428,000.

A number of other large investors also recently bought and sold shares of RJF. West Branch Capital LLC purchased a new stake in Raymond James Financial in the 3rd quarter worth approximately $26,000. Salomon & Ludwin LLC purchased a new position in shares of Raymond James Financial during the 3rd quarter valued at approximately $31,000. Quent Capital LLC acquired a new position in shares of Raymond James Financial in the 3rd quarter valued at $33,000. Anfield Capital Management LLC acquired a new position in shares of Raymond James Financial in the 3rd quarter valued at $33,000. Finally, Harbor Investment Advisory LLC boosted its holdings in 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 in the last quarter. 83.83% of the stock is owned by institutional investors and hedge funds.

Raymond James Financial Price Performance

Shares of Raymond James Financial stock opened at $143.45 on Thursday. The business has a 50 day simple moving average of $155.71 and a two-hundred day simple moving average of $161.12. Raymond James Financial, Inc. has a 12 month low of $117.57 and a 12 month high of $177.66. The stock has a market capitalization of $28.27 billion, a P/E ratio of 14.04, a PEG ratio of 1.08 and a beta of 1.00. 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 results 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. Raymond James Financial had a return on equity of 17.65% and a net margin of 13.07%.The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same period in the previous year, the company posted $2.93 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis. As a group, analysts predict that Raymond James Financial, Inc. will post 11.17 EPS for the current fiscal year.

Raymond James Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, April 1st. Raymond James Financial’s payout ratio is 21.14%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Bank of America raised 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 report on Wednesday, December 10th. Barclays started coverage on shares of Raymond James Financial in a research report on Wednesday, January 28th. They issued an “overweight” rating and a $191.00 price objective for the company. 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. UBS Group set a $176.00 target price on Raymond James Financial and gave the company a “neutral” rating in a research report on Thursday, December 11th. Finally, Morgan Stanley reaffirmed a “positive” rating on shares of Raymond James Financial in a report on Monday, December 22nd. Five research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Raymond James Financial currently has an average rating of “Hold” and a consensus target price of $182.17.

Insider Transactions at Raymond James Financial

In other news, insider Bella Loykhter Allaire sold 29,551 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $142.34, for a total transaction of $4,206,289.34. Following the completion of the sale, the insider owned 53,586 shares of the company’s stock, valued at $7,627,431.24. This represents a 35.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.58% of the stock is currently owned by company insiders.

Raymond James Financial Company 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.