Rothschild Investment LLC Makes New $62,000 Investment in Raymond James (NYSE:RJF)

Rothschild Investment LLC acquired a new stake in shares of Raymond James (NYSE:RJF) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 505 shares of the financial services provider’s stock, valued at approximately $62,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Intact Investment Management Inc. acquired a new position in Raymond James during the 2nd quarter worth approximately $816,000. Pine Valley Investments Ltd Liability Co grew its position in Raymond James by 48.8% in the 2nd quarter. Pine Valley Investments Ltd Liability Co now owns 2,349 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 770 shares during the period. Hantz Financial Services Inc. bought a new stake in Raymond James during the 2nd quarter valued at $11,015,000. WBI Investments LLC acquired a new position in Raymond James during the second quarter worth $598,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Raymond James by 1.1% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,465 shares of the financial services provider’s stock valued at $2,530,000 after buying an additional 219 shares in the last quarter. Institutional investors own 83.83% of the company’s stock.

Raymond James Price Performance

RJF opened at $119.15 on Thursday. Raymond James has a fifty-two week low of $91.67 and a fifty-two week high of $131.19. The firm has a 50-day moving average of $115.85 and a 200 day moving average of $120.37. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.99 and a current ratio of 1.02. The firm has a market cap of $24.54 billion, a P/E ratio of 14.41, a PEG ratio of 0.81 and a beta of 1.02.

Raymond James (NYSE:RJF) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.08. Raymond James had a net margin of 13.16% and a return on equity of 18.44%. The company had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same quarter last year, the business posted $1.85 EPS. Raymond James’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, research analysts expect that Raymond James will post 9.57 EPS for the current year.

Raymond James Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.80 annualized dividend and a dividend yield of 1.51%. Raymond James’s payout ratio is 21.77%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. TD Cowen boosted their target price on shares of Raymond James from $130.00 to $133.00 and gave the stock a “hold” rating in a research report on Monday, July 8th. JPMorgan Chase & Co. lowered their price objective on Raymond James from $137.00 to $135.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Jefferies Financial Group raised their target price on Raymond James from $122.00 to $123.00 and gave the company a “hold” rating in a report on Monday, July 8th. Wolfe Research reissued a “peer perform” rating on shares of Raymond James in a research report on Monday, July 8th. Finally, UBS Group dropped their price objective on Raymond James from $138.00 to $135.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $129.89.

Insider Buying and Selling

In other Raymond James news, EVP Bella Loykhter Allaire sold 17,363 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $115.00, for a total transaction of $1,996,745.00. Following the completion of the transaction, the executive vice president now owns 75,586 shares in the company, valued at $8,692,390. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Bella Loykhter Allaire sold 17,363 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $115.00, for a total value of $1,996,745.00. Following the completion of the transaction, the executive vice president now directly owns 75,586 shares of the company’s stock, valued at $8,692,390. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tashtego S. Elwyn sold 31,277 shares of Raymond James 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 of the company’s stock, valued at $3,879,063.20. The disclosure for this sale can be found here. 9.74% of the stock is currently owned by insiders.

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.