Buckhead Capital Management LLC Has $4.03 Million Stake in Raymond James (NYSE:RJF)

Buckhead Capital Management LLC decreased its stake in shares of Raymond James (NYSE:RJF) by 1.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 36,099 shares of the financial services provider’s stock after selling 410 shares during the period. Raymond James accounts for about 1.5% of Buckhead Capital Management LLC’s holdings, making the stock its 27th largest position. Buckhead Capital Management LLC’s holdings in Raymond James were worth $4,025,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Commonwealth Equity Services LLC grew its holdings in Raymond James by 18.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 43,235 shares of the financial services provider’s stock valued at $4,342,000 after buying an additional 6,694 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Raymond James by 5.1% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 45,764 shares of the financial services provider’s stock worth $4,596,000 after acquiring an additional 2,200 shares during the period. SVB Wealth LLC lifted its position in shares of Raymond James by 5.6% in the 3rd quarter. SVB Wealth LLC now owns 2,046 shares of the financial services provider’s stock worth $206,000 after acquiring an additional 108 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of Raymond James by 2.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 6,135 shares of the financial services provider’s stock worth $616,000 after acquiring an additional 160 shares during the period. Finally, Xponance Inc. lifted its position in shares of Raymond James by 1.6% in the 3rd quarter. Xponance Inc. now owns 24,328 shares of the financial services provider’s stock worth $2,443,000 after acquiring an additional 386 shares during the period. Institutional investors and hedge funds own 83.83% of the company’s stock.

Insiders Place Their Bets

In other news, Director Art A. Garcia bought 879 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were bought at an average price of $112.30 per share, with a total value of $98,711.70. Following the completion of the transaction, the director now owns 879 shares of the company’s stock, valued at $98,711.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Art A. Garcia purchased 879 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of $112.30 per share, for a total transaction of $98,711.70. Following the purchase, the director now owns 879 shares of the company’s stock, valued at $98,711.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Steven M. Raney sold 4,174 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $121.01, for a total value of $505,095.74. Following the completion of the transaction, the chief executive officer now owns 51,009 shares of the company’s stock, valued at $6,172,599.09. The disclosure for this sale can be found here. Company insiders own 9.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. StockNews.com downgraded Raymond James from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Citigroup raised their price objective on Raymond James from $112.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Bank of America cut their target price on Raymond James from $145.00 to $141.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. UBS Group cut their target price on Raymond James from $116.00 to $115.00 and set a “neutral” rating for the company in a research report on Thursday, January 25th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $116.00 target price (down previously from $125.00) on shares of Raymond James in a research report on Wednesday, January 3rd. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $126.22.

Raymond James Trading Up 0.5 %

Shares of Raymond James stock traded up $0.55 during trading on Wednesday, reaching $122.55. 1,294,084 shares of the company were exchanged, compared to its average volume of 1,081,690. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 0.37. Raymond James has a twelve month low of $82.00 and a twelve month high of $131.19. The business has a 50-day moving average price of $123.31 and a 200-day moving average price of $113.01. The firm has a market capitalization of $25.62 billion, a price-to-earnings ratio of 14.82, a P/E/G ratio of 0.84 and a beta of 1.05.

Raymond James (NYSE:RJF) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $2.31 EPS for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.01). The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.15 billion. Raymond James had a return on equity of 18.24% and a net margin of 12.72%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $2.03 earnings per share. Sell-side analysts anticipate that Raymond James will post 9.58 EPS for the current fiscal year.

Raymond James Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.80 annualized dividend and a yield of 1.47%. Raymond James’s payout ratio is presently 21.77%.

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.