Asset Management One Co. Ltd. Has $11.78 Million Stock Holdings in Raymond James (NYSE:RJF)

Asset Management One Co. Ltd. decreased its stake in Raymond James (NYSE:RJF) by 0.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 75,093 shares of the financial services provider’s stock after selling 156 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Raymond James were worth $11,784,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Y.D. More Investments Ltd boosted its holdings in shares of Raymond James by 121.0% in the fourth quarter. Y.D. More Investments Ltd now owns 232 shares of the financial services provider’s stock worth $36,000 after buying an additional 127 shares during the period. Gladius Capital Management LP purchased a new stake in shares of Raymond James in the 3rd quarter valued at approximately $34,000. Peterson Financial Group Inc. acquired a new position in Raymond James in the 3rd quarter worth approximately $37,000. Quarry LP grew its position in Raymond James by 80.3% during the 3rd quarter. Quarry LP now owns 420 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 187 shares in the last quarter. Finally, Eastern Bank acquired a new stake in Raymond James during the 4th quarter valued at $68,000. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Wall Street Analysts Forecast Growth

RJF has been the topic of a number of research analyst reports. JMP Securities lifted their price target on Raymond James from $175.00 to $190.00 and gave the company a “market outperform” rating in a report on Thursday, January 30th. TD Cowen upped their target price on Raymond James from $128.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. UBS Group upgraded shares of Raymond James from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Morgan Stanley upped their price objective on shares of Raymond James from $132.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Finally, Wells Fargo & Company lifted their target price on shares of Raymond James from $168.00 to $176.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Nine research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $166.09.

Raymond James Price Performance

Shares of NYSE:RJF opened at $159.63 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.00. The stock has a market capitalization of $32.71 billion, a P/E ratio of 15.57, a P/E/G ratio of 0.98 and a beta of 1.03. The business has a 50-day moving average of $161.67 and a two-hundred day moving average of $143.86. Raymond James has a fifty-two week low of $104.24 and a fifty-two week high of $174.32.

Raymond James (NYSE:RJF) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.31. Raymond James had a return on equity of 19.99% and a net margin of 14.06%. On average, equities research analysts predict that Raymond James will post 11.12 EPS for the current fiscal year.

Raymond James Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.25%. The ex-dividend date was Thursday, January 2nd. This is an increase from Raymond James’s previous quarterly dividend of $0.45. Raymond James’s dividend payout ratio (DPR) is 19.51%.

Insiders Place Their Bets

In other Raymond James news, insider Bella Loykhter Allaire sold 1,170 shares of Raymond James stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $169.43, for a total value of $198,233.10. Following the transaction, the insider now directly owns 80,421 shares of the company’s stock, valued at $13,625,730.03. The trade was a 1.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 completion of the sale, the insider now directly owns 32,688 shares of the company’s stock, valued at $5,212,755.36. This represents a 23.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 64,621 shares of company stock valued at $10,729,488 in the last quarter. Insiders own 0.54% of the company’s stock.

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.