International Assets Investment Management LLC Has $1.31 Million Stake in Raymond James (NYSE:RJF)

International Assets Investment Management LLC increased its holdings in shares of Raymond James (NYSE:RJF - Free Report) by 44,291.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,654 shares of the financial services provider's stock after acquiring an additional 10,630 shares during the quarter. International Assets Investment Management LLC's holdings in Raymond James were worth $1,305,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. MFA Wealth Advisors LLC grew its stake in shares of Raymond James by 2.7% during the 3rd quarter. MFA Wealth Advisors LLC now owns 4,051 shares of the financial services provider's stock valued at $496,000 after buying an additional 105 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Raymond James by 0.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 123,098 shares of the financial services provider's stock valued at $15,075,000 after purchasing an additional 493 shares during the period. Blue Trust Inc. raised its holdings in Raymond James by 33.7% during the 3rd quarter. Blue Trust Inc. now owns 4,694 shares of the financial services provider's stock worth $580,000 after buying an additional 1,184 shares during the period. Net Worth Advisory Group acquired a new position in shares of Raymond James during the 3rd quarter worth approximately $542,000. Finally, V Square Quantitative Management LLC lifted its position in Raymond James by 20.8% during the third quarter. V Square Quantitative Management LLC now owns 4,971 shares of the financial services provider's stock worth $609,000 after acquiring an additional 855 shares during the last quarter. Institutional investors and hedge funds own 83.83% of the company's stock.

Raymond James Stock Up 0.8 %

Shares of NYSE:RJF traded up $1.10 during mid-day trading on Tuesday, reaching $146.45. 1,050,091 shares of the stock were exchanged, compared to its average volume of 1,141,289. The stock's 50 day simple moving average is $127.94 and its 200-day simple moving average is $122.33. The company has a market cap of $30.16 billion, a P/E ratio of 14.92, a P/E/G ratio of 0.73 and a beta of 0.99. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.41. Raymond James has a one year low of $98.72 and a one year high of $151.59.

Raymond James (NYSE:RJF - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.54. The firm had revenue of $3.46 billion for the quarter, compared to analysts' expectations of $3.32 billion. Raymond James had a return on equity of 19.61% and a net margin of 13.86%. During the same quarter last year, the firm posted $2.13 EPS. The company's revenue was up 13.4% compared to the same quarter last year. As a group, equities research analysts predict that Raymond James will post 10.73 EPS for the current year.

Raymond James Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.45 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 annualized dividend and a dividend yield of 1.23%. Raymond James's dividend payout ratio is presently 18.54%.

Insider Buying and Selling at Raymond James

In other Raymond James news, CEO Tashtego S. Elwyn sold 31,277 shares of the company's stock in a transaction on Monday, August 12th. The shares were sold at an average price of $109.64, for a total value of $3,429,210.28. Following the completion of the transaction, the chief executive officer now owns 35,380 shares in the company, valued at $3,879,063.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 9.74% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

RJF has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Raymond James from $137.00 to $135.00 and set an "overweight" rating on the stock in a report on Thursday, July 25th. Wolfe Research reiterated a "peer perform" rating on shares of Raymond James in a research note on Monday, July 8th. TD Cowen boosted their price objective on shares of Raymond James from $128.00 to $150.00 and gave the stock a "hold" rating in a research note on Wednesday, October 30th. UBS Group decreased their target price on shares of Raymond James from $138.00 to $135.00 and set a "neutral" rating for the company in a research report on Tuesday, July 9th. Finally, Jefferies Financial Group upped their price objective on Raymond James from $123.00 to $126.00 and gave the company a "hold" rating in a report on Friday, October 4th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $140.91.

Raymond James Company Profile

Raymond James Financial, Inc, a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments.