Raymond James (NYSE:RJF) Position Increased by Natixis

Natixis increased its position in shares of Raymond James (NYSE:RJF) by 28.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,453 shares of the financial services provider’s stock after acquiring an additional 4,285 shares during the period. Natixis’ holdings in Raymond James were worth $2,498,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of RJF. Ontario Teachers Pension Plan Board increased its position in Raymond James by 4.4% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 5,635 shares of the financial services provider’s stock worth $628,000 after buying an additional 240 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in Raymond James by 86.2% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,421 shares of the financial services provider’s stock worth $493,000 after buying an additional 2,047 shares during the last quarter. Hsbc Holdings PLC increased its position in Raymond James by 25.4% during the fourth quarter. Hsbc Holdings PLC now owns 444,597 shares of the financial services provider’s stock worth $49,603,000 after buying an additional 89,981 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in Raymond James by 36.9% during the first quarter. Concurrent Investment Advisors LLC now owns 8,640 shares of the financial services provider’s stock worth $1,109,000 after buying an additional 2,328 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in Raymond James by 44.5% during the fourth quarter. BNP Paribas Financial Markets now owns 110,751 shares of the financial services provider’s stock worth $12,349,000 after buying an additional 34,101 shares during the last quarter. 83.83% of the stock is currently owned by hedge funds and other institutional investors.

Raymond James Trading Up 5.2 %

RJF stock traded up $5.79 during trading on Thursday, hitting $118.01. The company had a trading volume of 2,281,922 shares, compared to its average volume of 1,123,724. The company has a quick ratio of 0.98, a current ratio of 1.01 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $119.69 and a 200-day moving average price of $119.89. Raymond James has a 12 month low of $91.67 and a 12 month high of $131.19. The stock has a market cap of $24.46 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 0.70 and a beta of 1.02.

Raymond James (NYSE:RJF) last posted its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $2.39 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.08. Raymond James had a net margin of 12.72% and a return on equity of 17.94%. The firm had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter in the previous year, the company posted $1.85 EPS. Raymond James’s revenue was up 11.1% on a year-over-year basis. As a group, analysts predict that Raymond James will post 9.56 earnings per share for the current year.

Raymond James Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Monday, July 1st. Raymond James’s payout ratio is 21.77%.

Insider Buying and Selling at Raymond James

In other Raymond James news, CEO Steven M. Raney sold 4,174 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $121.01, for a total transaction of $505,095.74. Following the completion of the sale, the chief executive officer now owns 51,009 shares in the company, valued at approximately $6,172,599.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Steven M. Raney sold 4,174 shares of the company’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 owns 51,009 shares in the company, valued at approximately $6,172,599.09. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider James E. Bunn sold 11,095 shares of the company’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 sale, the insider now owns 46,977 shares of the company’s stock, valued at approximately $5,845,817.88. The disclosure for this sale can be found here. Corporate insiders own 9.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on RJF shares. 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. Jefferies Financial Group lifted their price objective on Raymond James from $122.00 to $123.00 and gave the company a “hold” rating in a report on Monday, July 8th. JMP Securities reaffirmed a “market perform” rating on shares of Raymond James in a report on Tuesday, April 9th. TD Cowen boosted their target price on Raymond James from $130.00 to $133.00 and gave the stock a “hold” rating in a report on Monday, July 8th. Finally, Wolfe Research reissued a “peer perform” rating on shares of Raymond James in a report on Monday, July 8th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Raymond James currently has a consensus rating of “Hold” and a consensus target price of $129.89.

About Raymond James

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.