Generali Asset Management SPA SGR Makes New $3.15 Million Investment in Raymond James (NYSE:RJF)

Generali Asset Management SPA SGR acquired a new stake in shares of Raymond James (NYSE:RJF) during the 4th quarter, Holdings Channel.com reports. The firm acquired 20,262 shares of the financial services provider’s stock, valued at approximately $3,147,000.

Several other large investors also recently made changes to their positions in the stock. Victory Capital Management Inc. grew its stake in shares of Raymond James by 0.3% during the 3rd quarter. Victory Capital Management Inc. now owns 120,822 shares of the financial services provider’s stock worth $14,796,000 after acquiring an additional 388 shares in the last quarter. Empowered Funds LLC raised its position in shares of Raymond James by 7.9% in the third quarter. Empowered Funds LLC now owns 3,466 shares of the financial services provider’s stock valued at $423,000 after purchasing an additional 255 shares during the period. Caprock Group LLC raised its holdings in Raymond James by 2.2% in the 3rd quarter. Caprock Group LLC now owns 6,023 shares of the financial services provider’s stock valued at $738,000 after acquiring an additional 131 shares during the period. Fifth Third Wealth Advisors LLC bought a new position in shares of Raymond James during the third quarter worth approximately $390,000. Finally, Banque Cantonale Vaudoise bought a new position in Raymond James during the third quarter worth about $3,561,000. Institutional investors own 83.83% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on RJF shares. Wells Fargo & Company lifted their price objective on Raymond James from $168.00 to $176.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. UBS Group raised shares of Raymond James from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Keefe, Bruyette & Woods upped their price objective on Raymond James from $170.00 to $177.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. upped their price target on Raymond James from $166.00 to $172.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Finally, Morgan Stanley increased their price objective on shares of Raymond James from $149.00 to $161.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Nine equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $167.55.

Raymond James Trading Up 1.9 %

Shares of Raymond James stock opened at $146.44 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $157.37 and a 200 day simple moving average of $149.19. Raymond James has a 12-month low of $104.24 and a 12-month high of $174.32. The company has a market capitalization of $30.01 billion, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 0.90 and a beta of 1.04.

Raymond James (NYSE:RJF) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $2.93 EPS for the quarter, beating the consensus estimate of $2.62 by $0.31. Raymond James had a net margin of 14.06% and a return on equity of 19.71%. On average, sell-side analysts anticipate that Raymond James will post 11.17 earnings per share for the current fiscal year.

Raymond James Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.37%. Raymond James’s dividend payout ratio is currently 19.51%.

Raymond James 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.