Raymond James (NYSE:RJF) Shares Acquired by Stablepoint Partners LLC

Stablepoint Partners LLC lifted its holdings in shares of Raymond James (NYSE:RJF) by 0.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 14,651 shares of the financial services provider’s stock after purchasing an additional 73 shares during the quarter. Stablepoint Partners LLC’s holdings in Raymond James were worth $2,276,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Coldstream Capital Management Inc. grew its holdings in shares of Raymond James by 1.5% during the third quarter. Coldstream Capital Management Inc. now owns 4,228 shares of the financial services provider’s stock valued at $528,000 after purchasing an additional 64 shares during the last quarter. CX Institutional boosted its position in Raymond James by 2.9% during the 4th quarter. CX Institutional now owns 2,323 shares of the financial services provider’s stock valued at $361,000 after purchasing an additional 66 shares during the period. Metis Global Partners LLC grew its stake in Raymond James by 1.4% during the 3rd quarter. Metis Global Partners LLC now owns 6,115 shares of the financial services provider’s stock worth $749,000 after buying an additional 82 shares during the last quarter. Wedmont Private Capital increased its position in Raymond James by 5.1% in the third quarter. Wedmont Private Capital now owns 1,769 shares of the financial services provider’s stock worth $222,000 after buying an additional 86 shares during the period. Finally, Portside Wealth Group LLC lifted its stake in Raymond James by 3.9% in the third quarter. Portside Wealth Group LLC now owns 2,495 shares of the financial services provider’s stock valued at $306,000 after buying an additional 93 shares during the last quarter. Institutional investors and hedge funds own 83.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RJF. JMP Securities upped their price target on shares of Raymond James from $146.00 to $150.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 24th. The Goldman Sachs Group upgraded shares of Raymond James from a “neutral” rating to a “buy” rating and raised their price target for the company from $161.00 to $185.00 in a research note on Monday, January 6th. Keefe, Bruyette & Woods boosted their price objective on Raymond James from $143.00 to $170.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $166.00 price objective (up from $151.00) on shares of Raymond James in a report on Tuesday, January 7th. Finally, Citigroup lifted their target price on Raymond James from $145.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Nine analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $156.09.

Insider Transactions at Raymond James

In other news, CEO Paul C. Reilly sold 50,000 shares of Raymond James stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $167.30, for a total value of $8,365,000.00. Following the transaction, the chief executive officer now directly owns 283,110 shares of the company’s stock, valued at $47,364,303. This trade represents a 15.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Bella Loykhter Allaire sold 1,170 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $169.43, for a total transaction of $198,233.10. Following the sale, the insider now owns 80,421 shares in the company, valued at $13,625,730.03. This represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 64,621 shares of company stock valued at $10,729,488 in the last three months. 0.54% of the stock is currently owned by corporate insiders.

Raymond James Stock Up 0.7 %

RJF opened at $172.67 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.02. The company has a market capitalization of $35.29 billion, a PE ratio of 17.78, a P/E/G ratio of 1.04 and a beta of 1.02. The stock’s fifty day moving average is $161.67 and its 200-day moving average is $138.34. Raymond James has a one year low of $104.24 and a one year high of $173.15.

Raymond James (NYSE:RJF) last released its earnings results on Wednesday, October 23rd. The financial services provider reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.54. The business had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.32 billion. Raymond James had a net margin of 13.86% and a return on equity of 19.30%. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.13 EPS. On average, equities analysts predict that Raymond James will post 11.02 EPS for the current fiscal year.

Raymond James Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, January 2nd. This is an increase from Raymond James’s previous quarterly dividend of $0.45. Raymond James’s dividend payout ratio is 20.60%.

Raymond James 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.