Lighthouse Investment Partners LLC Has $9.17 Million Stock Holdings in Raymond James Financial, Inc. $RJF

Lighthouse Investment Partners LLC decreased its position in Raymond James Financial, Inc. (NYSE:RJF) by 21.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 53,148 shares of the financial services provider’s stock after selling 14,542 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in Raymond James Financial were worth $9,173,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in RJF. West Branch Capital LLC acquired a new position in Raymond James Financial in the third quarter valued at about $26,000. Salomon & Ludwin LLC acquired a new stake in shares of Raymond James Financial during the third quarter worth approximately $31,000. Quent Capital LLC bought a new position in shares of Raymond James Financial in the third quarter valued at approximately $33,000. Anfield Capital Management LLC bought a new position in Raymond James Financial in the 3rd quarter valued at $33,000. Finally, Clearstead Trust LLC increased its stake in shares of Raymond James Financial by 174.0% in the 3rd quarter. Clearstead Trust LLC now owns 285 shares of the financial services provider’s stock valued at $49,000 after buying an additional 181 shares during the period. Institutional investors and hedge funds own 83.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RJF. TD Cowen reaffirmed a “hold” rating on shares of Raymond James Financial in a research note on Wednesday, January 14th. Bank of America boosted their price objective on Raymond James Financial from $194.00 to $196.00 and gave the stock a “neutral” rating in a report on Wednesday, December 10th. Morgan Stanley restated a “positive” rating on shares of Raymond James Financial in a research report on Monday, December 22nd. 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 research report on Thursday, December 11th. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $182.17.

Raymond James Financial Trading Up 1.0%

RJF opened at $146.07 on Monday. The firm’s fifty day moving average is $162.36 and its two-hundred day moving average is $163.31. The firm has a market cap of $28.79 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 1.08 and a beta of 1.00. Raymond James Financial, Inc. has a twelve month low of $117.57 and a twelve month 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 announced its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $2.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.03. Raymond James Financial had a net margin of 13.07% and a return on equity of 17.65%. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the previous year, the business earned $2.93 EPS. The firm’s revenue was up 5.6% on a year-over-year basis. Equities research analysts anticipate that Raymond James Financial, Inc. will post 11.17 EPS for the current year.

Raymond James Financial Dividend Announcement

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 $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, April 1st. Raymond James Financial’s payout ratio is presently 21.14%.

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.