Ameritas Investment Partners Inc. Sells 134 Shares of Raymond James (NYSE:RJF)

Ameritas Investment Partners Inc. lessened its position in shares of Raymond James (NYSE:RJF) by 6.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,035 shares of the financial services provider’s stock after selling 134 shares during the period. Ameritas Investment Partners Inc.’s holdings in Raymond James were worth $261,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in RJF. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Raymond James during the fourth quarter worth $30,000. Smithfield Trust Co grew its stake in shares of Raymond James by 105.0% in the first quarter. Smithfield Trust Co now owns 246 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 126 shares during the last quarter. Covestor Ltd boosted its position in Raymond James by 77.0% during the first quarter. Covestor Ltd now owns 239 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 104 shares during the last quarter. OLD Point Trust & Financial Services N A bought a new stake in Raymond James during the fourth quarter valued at $33,000. Finally, Future Financial Wealth Managment LLC bought a new stake in Raymond James during the first quarter valued at $33,000. Institutional investors own 83.83% of the company’s stock.

Insider Activity at Raymond James

In other news, insider James E. Bunn sold 11,095 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $124.44, for a total transaction of $1,380,661.80. Following the completion of the transaction, the insider now directly owns 46,977 shares in the company, valued at approximately $5,845,817.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Raymond James news, CEO Steven M. Raney sold 4,174 shares of the business’s 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 sale, the chief executive officer now directly owns 51,009 shares of the company’s stock, valued at $6,172,599.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James E. Bunn sold 11,095 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $124.44, for a total transaction of $1,380,661.80. Following the completion of the transaction, the insider now owns 46,977 shares in the company, valued at approximately $5,845,817.88. The disclosure for this sale can be found here. 9.74% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

RJF has been the topic of several research reports. Wolfe Research reiterated a “peer perform” rating on shares of Raymond James in a report on Monday, July 8th. UBS Group lowered their target price on shares of Raymond James from $138.00 to $135.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Citigroup upped their target price on shares of Raymond James from $112.00 to $132.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Bank of America lowered their target price on shares of Raymond James from $145.00 to $141.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Finally, JMP Securities restated a “market perform” rating on shares of Raymond James in a report on Tuesday, April 9th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $129.89.

Raymond James Stock Up 0.4 %

Raymond James stock opened at $112.22 on Thursday. The firm has a 50 day moving average price of $119.84 and a 200-day moving average price of $119.90. The company has a quick ratio of 0.98, a current ratio of 1.01 and a debt-to-equity ratio of 0.43. Raymond James has a twelve month low of $91.67 and a twelve month high of $131.19. The company has a market capitalization of $23.26 billion, a P/E ratio of 13.57, a P/E/G ratio of 0.70 and a beta of 1.02.

Raymond James (NYSE:RJF) last issued its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.32 by ($0.01). Raymond James had a return on equity of 17.94% and a net margin of 12.72%. The company had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the previous year, the business earned $2.03 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities analysts predict that Raymond James will post 9.56 EPS for the current year.

Raymond James Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, July 1st. This represents a $1.80 dividend on an annualized basis and a yield of 1.60%. Raymond James’s dividend payout ratio is 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.