Signaturefd LLC Has $925,000 Position in Raymond James (NYSE:RJF)

Signaturefd LLC increased its holdings in shares of Raymond James (NYSE:RJF) by 13.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,293 shares of the financial services provider’s stock after buying an additional 1,004 shares during the period. Signaturefd LLC’s holdings in Raymond James were worth $925,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in RJF. Wellington Management Group LLP grew its stake in shares of Raymond James by 2.2% in the third quarter. Wellington Management Group LLP now owns 11,570,058 shares of the financial services provider’s stock worth $1,161,981,000 after purchasing an additional 246,349 shares during the last quarter. Earnest Partners LLC raised its stake in Raymond James by 4.8% during the third quarter. Earnest Partners LLC now owns 2,165,025 shares of the financial services provider’s stock worth $217,433,000 after buying an additional 98,664 shares during the last quarter. Northern Trust Corp lifted its holdings in Raymond James by 2.5% in the third quarter. Northern Trust Corp now owns 2,082,598 shares of the financial services provider’s stock valued at $209,155,000 after buying an additional 51,239 shares during the period. Bank of New York Mellon Corp boosted its position in Raymond James by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 1,368,766 shares of the financial services provider’s stock valued at $137,465,000 after acquiring an additional 15,227 shares during the last quarter. Finally, Ceredex Value Advisors LLC grew its holdings in Raymond James by 8.6% during the 3rd quarter. Ceredex Value Advisors LLC now owns 768,046 shares of the financial services provider’s stock worth $77,455,000 after acquiring an additional 60,728 shares during the period. 83.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on RJF shares. StockNews.com cut Raymond James from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Morgan Stanley lifted their price objective on shares of 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 from $112.00) on shares of Raymond James in a research note on Tuesday, January 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $116.00 price target (down from $125.00) on shares of Raymond James in a research note on Wednesday, January 3rd. Finally, TD Cowen increased their price objective on shares of Raymond James from $116.50 to $131.00 and gave the stock a “market perform” rating in a research report on Friday, March 22nd. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $123.88.

Raymond James Trading Up 1.5 %

NYSE:RJF opened at $125.48 on Tuesday. Raymond James has a one year low of $82.00 and a one year high of $131.19. The company has a market cap of $26.23 billion, a PE ratio of 15.72, a PEG ratio of 0.87 and a beta of 1.05. 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 firm has a 50-day moving average of $122.50 and a 200-day moving average of $111.97.

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

Raymond James Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Thursday, March 28th. Raymond James’s dividend payout ratio (DPR) is presently 22.56%.

Insiders Place Their Bets

In related news, EVP Jonathan N. Santelli sold 1,891 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $111.91, for a total transaction of $211,621.81. Following the transaction, the executive vice president now directly owns 21,491 shares of the company’s stock, valued at $2,405,057.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Jonathan N. Santelli sold 1,891 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $111.91, for a total transaction of $211,621.81. Following the completion of the sale, the executive vice president now directly owns 21,491 shares of the company’s stock, valued at $2,405,057.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Art A. Garcia acquired 879 shares of the business’s stock in a transaction on Friday, February 9th. The stock was acquired at an average cost of $112.30 per share, for a total transaction of $98,711.70. Following the transaction, the director now owns 879 shares of the company’s stock, valued at approximately $98,711.70. The disclosure for this purchase can be found here. Insiders own 9.74% of the company’s stock.

About Raymond James

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.