OMERS ADMINISTRATION Corp Has $3.43 Million Holdings in Raymond James Financial, Inc. $RJF

OMERS ADMINISTRATION Corp increased its position in Raymond James Financial, Inc. (NYSE:RJF) by 15.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,675 shares of the financial services provider’s stock after acquiring an additional 3,171 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Raymond James Financial were worth $3,428,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Reflection Asset Management bought a new stake in Raymond James Financial during the fourth quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Raymond James Financial in the fourth quarter worth about $32,000. Hilton Head Capital Partners LLC acquired a new position in shares of Raymond James Financial during the 4th quarter worth about $35,000. DV Equities LLC acquired a new position in shares of Raymond James Financial during the 4th quarter worth about $40,000. Finally, Salomon & Ludwin LLC boosted its stake in Raymond James Financial by 34.8% during the 4th quarter. Salomon & Ludwin LLC now owns 252 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 83.83% of the company’s stock.

Raymond James Financial Price Performance

Shares of RJF stock opened at $173.57 on Tuesday. Raymond James Financial, Inc. has a 12 month low of $138.82 and a 12 month high of $177.66. The company has a market capitalization of $33.83 billion, a P/E ratio of 15.13, a P/E/G ratio of 1.06 and a beta of 0.93. The stock has a 50 day moving average of $157.38 and a two-hundred day moving average of $156.57. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 0.44.

Raymond James Financial (NYSE:RJF) last released its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.91 by $0.23. The business had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.87 billion. Raymond James Financial had a return on equity of 19.17% and a net margin of 13.57%.Raymond James Financial’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.18 earnings per share. As a group, equities analysts expect that Raymond James Financial, Inc. will post 12.01 EPS for the current year.

Raymond James Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, July 1st. Raymond James Financial’s payout ratio is 18.83%.

Analysts Set New Price Targets

A number of research firms have issued reports on RJF. TD Cowen lowered their target price on Raymond James Financial from $162.00 to $161.00 and set a “hold” rating on the stock in a report on Thursday, July 23rd. JPMorgan Chase & Co. upped their price target on Raymond James Financial from $175.00 to $179.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Barclays increased their price objective on Raymond James Financial from $192.00 to $196.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Raymond James Financial in a research note on Wednesday, May 20th. Finally, Jefferies Financial Group dropped their target price on shares of Raymond James Financial from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Monday, April 6th. Four research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $179.64.

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.