2,927 Shares in Raymond James (NYSE:RJF) Purchased by Duality Advisers LP

Duality Advisers LP purchased a new position in shares of Raymond James (NYSE:RJFFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,927 shares of the financial services provider’s stock, valued at approximately $326,000.

A number of other large investors have also recently made changes to their positions in RJF. Oak Thistle LLC purchased a new position in shares of Raymond James during the 3rd quarter worth about $778,000. Czech National Bank boosted its position in Raymond James by 45.5% in the 3rd quarter. Czech National Bank now owns 32,852 shares of the financial services provider’s stock valued at $3,299,000 after buying an additional 10,274 shares during the period. Cavalier Investments LLC boosted its position in Raymond James by 3.3% in the 3rd quarter. Cavalier Investments LLC now owns 6,578 shares of the financial services provider’s stock valued at $661,000 after buying an additional 209 shares during the period. Commonwealth Equity Services LLC boosted its position in Raymond James by 18.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 43,235 shares of the financial services provider’s stock valued at $4,342,000 after buying an additional 6,694 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Raymond James by 5.1% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 45,764 shares of the financial services provider’s stock valued at $4,596,000 after buying an additional 2,200 shares during the period. 83.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RJF has been the subject of several research reports. Morgan Stanley boosted 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 report on Tuesday, April 9th. Citigroup boosted their price objective on shares of Raymond James from $112.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. StockNews.com cut shares of Raymond James from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Jefferies Financial Group restated a “hold” rating and issued a $117.00 price target (up previously from $112.00) on shares of Raymond James in a report on Tuesday, January 9th. Finally, JPMorgan Chase & Co. upgraded shares of Raymond James from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $110.00 to $135.00 in a report on Wednesday, January 10th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $126.22.

Get Our Latest Analysis on RJF

Insiders Place Their Bets

In other news, Director Art A. Garcia purchased 879 shares of the stock in a transaction on Friday, February 9th. The stock was bought at an average price of $112.30 per share, with a total value of $98,711.70. Following the transaction, the director now owns 879 shares in the company, valued at approximately $98,711.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Art A. Garcia acquired 879 shares of Raymond James stock in a transaction on Friday, February 9th. The stock was acquired at an average price of $112.30 per share, for a total transaction of $98,711.70. Following the purchase, the director now owns 879 shares of the company’s stock, valued at approximately $98,711.70. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Jonathan N. Santelli sold 1,891 shares of Raymond James stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $111.91, for a total value 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. 9.74% of the stock is currently owned by insiders.

Raymond James Trading Down 0.1 %

NYSE RJF opened at $121.86 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 0.37. The firm has a market cap of $25.47 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 0.85 and a beta of 1.05. The company has a 50 day moving average price of $123.10 and a 200 day moving average price of $112.50. Raymond James has a 52 week low of $82.00 and a 52 week high of $131.19.

Raymond James (NYSE:RJFGet Free Report) last released its earnings results on Wednesday, April 24th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.32 by ($0.01). Raymond James had a net margin of 12.72% and a return on equity of 18.24%. The firm had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period in the previous year, the company earned $2.03 earnings per share. Raymond James’s revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts forecast that Raymond James will post 9.45 EPS for the current fiscal year.

Raymond James Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.80 dividend on an annualized basis and a yield of 1.48%. Raymond James’s dividend payout ratio is currently 21.77%.

Raymond James Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Raymond James (NYSE:RJF)

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