Raymond James (NYSE:RJF) Shares Sold by NBW Capital LLC

NBW Capital LLC cut its holdings in shares of Raymond James (NYSE:RJF) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,669 shares of the financial services provider’s stock after selling 452 shares during the period. NBW Capital LLC’s holdings in Raymond James were worth $3,754,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in RJF. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Raymond James during the fourth quarter worth $30,000. Advisors Asset Management Inc. acquired a new position in shares of Raymond James during the third quarter worth $30,000. Covestor Ltd increased its position in shares of Raymond James by 77.1% during the first quarter. Covestor Ltd now owns 317 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 138 shares in the last quarter. Clear Street Markets LLC increased its position in shares of Raymond James by 95.9% during the first quarter. Clear Street Markets LLC now owns 382 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 187 shares in the last quarter. Finally, Addison Advisors LLC increased its position in shares of Raymond James by 32.9% during the third quarter. Addison Advisors LLC now owns 416 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 103 shares in the last quarter. 83.83% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Raymond James

In other news, Director Art A. Garcia bought 879 shares of the stock in a transaction dated Friday, February 9th. The shares were acquired at an average cost of $112.30 per share, with a total value of $98,711.70. Following the purchase, the director now directly owns 879 shares in the company, valued at approximately $98,711.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Art A. Garcia purchased 879 shares of Raymond James stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average price of $112.30 per share, for a total transaction of $98,711.70. Following the transaction, the director now directly owns 879 shares in the company, valued at $98,711.70. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Jonathan N. Santelli sold 1,891 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $111.91, for a total transaction of $211,621.81. Following the transaction, the executive vice president now owns 21,491 shares of the company’s stock, valued at approximately $2,405,057.81. The disclosure for this sale can be found here. Corporate insiders own 9.74% of the company’s stock.

Raymond James Stock Performance

NYSE:RJF traded up $0.09 during mid-day trading on Thursday, hitting $122.03. The company’s stock had a trading volume of 469,116 shares, compared to its average volume of 1,018,179. Raymond James has a 1 year low of $82.00 and a 1 year high of $131.19. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.99 and a quick ratio of 0.97. The stock has a market cap of $25.51 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 0.86 and a beta of 1.05. The business’s fifty day moving average is $121.96 and its two-hundred day moving average is $111.32.

Raymond James (NYSE:RJF) last posted its earnings results on Tuesday, January 23rd. The financial services provider reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.15. Raymond James had a net margin of 12.81% and a return on equity of 17.95%. The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period in the prior year, the company posted $2.29 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Analysts anticipate that Raymond James will post 9.36 EPS for the current fiscal year.

Raymond James Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Thursday, March 28th. Raymond James’s payout ratio is currently 22.56%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RJF. Morgan Stanley upped their target price on Raymond James from $113.00 to $123.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Jefferies Financial Group reissued a “hold” rating and issued a $117.00 target price (up from $112.00) on shares of Raymond James in a research report on Tuesday, January 9th. JPMorgan Chase & Co. raised Raymond James from a “neutral” rating to an “overweight” rating and upped their target price for the company from $110.00 to $135.00 in a research report on Wednesday, January 10th. UBS Group cut their target price on Raymond James from $116.00 to $115.00 and set a “neutral” rating on the stock in a research report on Thursday, January 25th. Finally, Citigroup upped their target price on Raymond James from $112.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Raymond James has an average rating of “Hold” and an average price target of $123.88.

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.