Raymond James (NYSE:RJF) Stock Holdings Cut by Peterson Wealth Services

Peterson Wealth Services trimmed its position in Raymond James (NYSE:RJF) by 7.0% during the 4th quarter, HoldingsChannel reports. The firm owned 60,321 shares of the financial services provider’s stock after selling 4,543 shares during the period. Raymond James comprises about 2.9% of Peterson Wealth Services’ investment portfolio, making the stock its 9th biggest position. Peterson Wealth Services’ holdings in Raymond James were worth $6,726,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of RJF. Steph & Co. raised its stake in shares of Raymond James by 9.3% in the fourth quarter. Steph & Co. now owns 1,067 shares of the financial services provider’s stock worth $119,000 after buying an additional 91 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Raymond James by 3.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,419 shares of the financial services provider’s stock worth $365,000 after buying an additional 100 shares during the period. Addison Advisors LLC raised its stake in shares of Raymond James by 32.9% in the third quarter. Addison Advisors LLC now owns 416 shares of the financial services provider’s stock worth $42,000 after buying an additional 103 shares during the period. SVB Wealth LLC raised its stake in shares of Raymond James by 5.6% in the third quarter. SVB Wealth LLC now owns 2,046 shares of the financial services provider’s stock worth $206,000 after buying an additional 108 shares during the period. Finally, Great Valley Advisor Group Inc. raised its stake in shares of Raymond James by 3.2% in the third quarter. Great Valley Advisor Group Inc. now owns 3,855 shares of the financial services provider’s stock worth $387,000 after buying an additional 118 shares during the period. 83.83% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Raymond James

In other news, EVP Jonathan N. Santelli sold 1,891 shares of Raymond James stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $111.91, for a total value of $211,621.81. Following the completion of the transaction, the executive vice president now owns 21,491 shares in the company, valued at approximately $2,405,057.81. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Art A. Garcia bought 879 shares of the company’s stock in a transaction dated 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 acquisition, the director now owns 879 shares in the company, valued at $98,711.70. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jonathan N. Santelli sold 1,891 shares of Raymond James stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $111.91, for a total value of $211,621.81. Following the completion of 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. Company insiders own 9.74% of the company’s stock.

Raymond James Price Performance

NYSE:RJF traded up $0.93 during trading hours on Thursday, reaching $122.87. The stock had a trading volume of 191,646 shares, compared to its average volume of 1,014,047. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 0.99. Raymond James has a 52 week low of $82.00 and a 52 week high of $131.19. The company has a 50 day moving average price of $121.96 and a two-hundred day moving average price of $111.32. The stock has a market capitalization of $25.68 billion, a PE ratio of 15.28, a PEG ratio of 0.86 and a beta of 1.05.

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

Raymond James Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Thursday, March 28th. Raymond James’s dividend payout ratio (DPR) is 22.56%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. UBS Group decreased their target price on Raymond James from $116.00 to $115.00 and set a “neutral” rating on the stock in a research note on Thursday, January 25th. Morgan Stanley lifted their target price on Raymond James from $113.00 to $123.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Jefferies Financial Group reissued a “hold” rating and set a $117.00 target price (up previously from $112.00) on shares of Raymond James in a research note on Tuesday, January 9th. StockNews.com downgraded Raymond James from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Finally, JMP Securities reissued a “market perform” rating on shares of Raymond James in a research note on Tuesday, April 9th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Raymond James currently has a consensus rating of “Hold” and an average price target of $123.88.

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.