Citizens Financial Group Inc. RI Sells 1,224 Shares of Raymond James (NYSE:RJF)

Citizens Financial Group Inc. RI decreased its position in Raymond James (NYSE:RJF) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,308 shares of the financial services provider’s stock after selling 1,224 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Raymond James were worth $7,504,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RJF. Coldstream Capital Management Inc. increased its stake in shares of Raymond James by 1.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,228 shares of the financial services provider’s stock worth $528,000 after acquiring an additional 64 shares in the last quarter. CX Institutional boosted its position in shares of Raymond James by 2.9% in the 4th quarter. CX Institutional now owns 2,323 shares of the financial services provider’s stock worth $361,000 after purchasing an additional 66 shares in the last quarter. Crestwood Advisors Group LLC boosted its position in shares of Raymond James by 3.5% in the 4th quarter. Crestwood Advisors Group LLC now owns 1,982 shares of the financial services provider’s stock worth $308,000 after purchasing an additional 67 shares in the last quarter. Stablepoint Partners LLC grew its stake in shares of Raymond James by 0.5% in the 4th quarter. Stablepoint Partners LLC now owns 14,651 shares of the financial services provider’s stock worth $2,276,000 after buying an additional 73 shares during the last quarter. Finally, Keybank National Association OH grew its stake in shares of Raymond James by 0.7% in the 4th quarter. Keybank National Association OH now owns 11,248 shares of the financial services provider’s stock worth $1,747,000 after buying an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Raymond James Trading Up 1.6 %

NYSE:RJF opened at $139.81 on Wednesday. The company has a market cap of $28.65 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 0.90 and a beta of 1.04. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35. The company has a 50 day simple moving average of $159.13 and a two-hundred day simple moving average of $148.37. Raymond James has a 12 month low of $104.24 and a 12 month high of $174.32.

Raymond James (NYSE:RJF) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 EPS for the quarter, topping the consensus estimate of $2.62 by $0.31. Raymond James had a return on equity of 19.71% and a net margin of 14.06%. Research analysts forecast that Raymond James will post 11.17 earnings per share for the current year.

Raymond James Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Tuesday, April 1st. Raymond James’s dividend payout ratio (DPR) is presently 19.51%.

Analyst Upgrades and Downgrades

RJF has been the topic of several analyst reports. Citigroup boosted their target price on Raymond James from $145.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. StockNews.com cut shares of Raymond James from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Wells Fargo & Company lifted their target price on shares of Raymond James from $168.00 to $176.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Bank of America lifted their target price on shares of Raymond James from $198.00 to $201.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, The Goldman Sachs Group raised 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 report on Monday, January 6th. Nine analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $167.55.

Insider Buying and Selling

In other Raymond James news, insider Tashtego S. Elwyn sold 10,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $159.47, for a total value of $1,594,700.00. Following the transaction, the insider now directly owns 32,688 shares in the company, valued at approximately $5,212,755.36. This trade represents a 23.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is currently owned by insiders.

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.