Raymond James Trust N.A. boosted its position in shares of Raymond James Financial, Inc. (NYSE:RJF) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,283 shares of the financial services provider’s stock after acquiring an additional 1,200 shares during the period. Raymond James Trust N.A.’s holdings in Raymond James Financial were worth $8,866,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Cerebellum GP LLC acquired a new stake in Raymond James Financial during the fourth quarter valued at approximately $129,000. Noesis Capital Mangement Corp bought a new position in Raymond James Financial in the 3rd quarter worth approximately $210,000. Advisor Partners LLC bought a new position in Raymond James Financial in the 4th quarter worth approximately $218,000. Sterling Capital Management LLC acquired a new position in shares of Raymond James Financial during the 3rd quarter worth about $219,000. Finally, Visionary Asset Management Inc. acquired a new position in shares of Raymond James Financial during the 3rd quarter worth about $220,000. Hedge funds and other institutional investors own 69.36% of the company’s stock.
In other Raymond James Financial news, insider Tashtego S. Elwyn sold 7,275 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $97.36, for a total value of $708,294.00. Following the transaction, the insider now directly owns 10,871 shares of the company’s stock, valued at approximately $1,058,400.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Steven M. Raney sold 9,890 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $88.95, for a total transaction of $879,715.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 325,479 shares of company stock worth $28,161,533. Insiders own 10.46% of the company’s stock.
Several equities research analysts recently issued reports on the stock. Credit Suisse Group reiterated a “hold” rating and issued a $99.00 target price on shares of Raymond James Financial in a research note on Friday, January 26th. Buckingham Research raised their target price on shares of Raymond James Financial from $113.00 to $117.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $102.00 target price on shares of Raymond James Financial in a research note on Thursday, January 25th. Finally, Wells Fargo & Co reiterated an “outperform” rating and issued a $110.00 target price (up from $94.00) on shares of Raymond James Financial in a research note on Thursday, January 4th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $99.29.
Raymond James Financial, Inc. (RJF) opened at $94.33 on Monday. The firm has a market cap of $13,692.38, a PE ratio of 22.90, a price-to-earnings-growth ratio of 0.81 and a beta of 1.63. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. Raymond James Financial, Inc. has a fifty-two week low of $71.35 and a fifty-two week high of $99.10.
Raymond James Financial (NYSE:RJF) last released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $1.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.19. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Raymond James Financial had a net margin of 9.00% and a return on equity of 15.07%. The business’s revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.07 EPS. equities research analysts anticipate that Raymond James Financial, Inc. will post 6.89 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 17th. Shareholders of record on Wednesday, January 3rd were issued a $0.25 dividend. This is a boost from Raymond James Financial’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a yield of 1.06%. The ex-dividend date was Tuesday, January 2nd. Raymond James Financial’s dividend payout ratio is currently 24.27%.
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Raymond James Financial Profile
Raymond James Financial, Inc (RJF) is a financial holding company. The Company’s subsidiaries include Raymond James & Associates, Inc (RJ&A), Raymond James Financial Services, Inc (RJFS), Raymond James Financial Services Advisors, Inc (RJFSA), Raymond James Ltd. (RJ Ltd.), Eagle Asset Management, Inc (Eagle), and Raymond James Bank, N.A.
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