Eagle Bay Advisors LLC Sells 236 Shares of Raymond James (NYSE:RJF)

Eagle Bay Advisors LLC lowered its holdings in shares of Raymond James (NYSE:RJF) by 33.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 465 shares of the financial services provider’s stock after selling 236 shares during the period. Eagle Bay Advisors LLC’s holdings in Raymond James were worth $72,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Wellington Management Group LLP increased its holdings in Raymond James by 31.4% in the third quarter. Wellington Management Group LLP now owns 12,114,502 shares of the financial services provider’s stock valued at $1,483,542,000 after purchasing an additional 2,898,242 shares during the period. State Street Corp raised its position in shares of Raymond James by 0.7% during the third quarter. State Street Corp now owns 7,974,740 shares of the financial services provider’s stock worth $976,587,000 after acquiring an additional 54,265 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Raymond James by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 4,544,610 shares of the financial services provider’s stock worth $556,533,000 after acquiring an additional 488,245 shares during the period. Geode Capital Management LLC boosted its holdings in Raymond James by 0.3% in the third quarter. Geode Capital Management LLC now owns 4,351,684 shares of the financial services provider’s stock valued at $531,013,000 after acquiring an additional 12,869 shares during the last quarter. Finally, Earnest Partners LLC increased its position in Raymond James by 1.5% during the 2nd quarter. Earnest Partners LLC now owns 2,505,369 shares of the financial services provider’s stock valued at $309,689,000 after purchasing an additional 37,173 shares during the period. Institutional investors and hedge funds own 83.83% of the company’s stock.

Insider Buying and Selling at Raymond James

In other Raymond James news, insider Bella Loykhter Allaire sold 3,451 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $165.62, for a total transaction of $571,554.62. Following the transaction, the insider now directly owns 80,421 shares in the company, valued at approximately $13,319,326.02. This trade represents a 4.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tashtego S. Elwyn sold 10,000 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $159.47, for a total transaction of $1,594,700.00. Following the completion of the sale, the insider now owns 32,688 shares of the company’s stock, valued at approximately $5,212,755.36. The trade was a 23.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 64,621 shares of company stock worth $10,729,488. Insiders own 9.74% of the company’s stock.

Raymond James Trading Up 0.0 %

Shares of Raymond James stock opened at $154.23 on Tuesday. The stock has a market capitalization of $31.52 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 0.91 and a beta of 1.02. Raymond James has a 52 week low of $104.24 and a 52 week high of $171.38. The stock has a 50 day moving average price of $160.21 and a two-hundred day moving average price of $135.54. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.02.

Raymond James (NYSE:RJF) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.54. Raymond James had a net margin of 13.86% and a return on equity of 19.30%. The business had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter last year, the firm posted $2.13 EPS. Raymond James’s revenue was up 13.4% compared to the same quarter last year. As a group, equities analysts anticipate that Raymond James will post 10.85 earnings per share for the current fiscal year.

Raymond James Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 2nd will be given a $0.50 dividend. This is a boost from Raymond James’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, January 2nd. This represents a $2.00 annualized dividend and a yield of 1.30%. Raymond James’s dividend payout ratio (DPR) is presently 20.60%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on RJF shares. Jefferies Financial Group boosted their price target on shares of Raymond James from $123.00 to $126.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Bank of America upped their price target on shares of Raymond James from $136.00 to $152.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. TD Cowen lifted their price objective on Raymond James from $128.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Wells Fargo & Company restated an “equal weight” rating and set a $169.00 target price (up previously from $152.00) on shares of Raymond James in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $166.00 target price (up from $151.00) on shares of Raymond James in a report on Tuesday, January 7th. Nine analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $156.18.

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.