Raymond James (NYSE:RJF) Given Average Rating of “Hold” by Brokerages

Shares of Raymond James (NYSE:RJF) have earned a consensus rating of “Hold” from the twelve analysts that are covering the firm, Marketbeat reports. Eight 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. The average 1-year target price among brokers that have issued a report on the stock in the last year is $166.09.

A number of research analysts have recently commented on the company. Bank of America increased their price objective on Raymond James from $198.00 to $201.00 and gave the company a “buy” rating in a report on Thursday, January 30th. The Goldman Sachs Group raised Raymond James from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $161.00 to $185.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods boosted their target price on Raymond James from $170.00 to $177.00 and gave the stock a “market perform” rating in a research report on Thursday, January 30th. StockNews.com downgraded Raymond James from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, UBS Group raised Raymond James from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th.

Insider Transactions at Raymond James

In other news, CEO Paul C. Reilly sold 50,000 shares of Raymond James stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $167.30, for a total transaction of $8,365,000.00. Following the sale, the chief executive officer now owns 283,110 shares of the company’s stock, valued at approximately $47,364,303. The trade was a 15.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bella Loykhter Allaire sold 3,451 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $165.62, for a total transaction of $571,554.62. Following the transaction, the insider now directly owns 80,421 shares in the company, valued at approximately $13,319,326.02. The trade was a 4.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 63,451 shares of company stock valued at $10,531,255. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jefferies Financial Group Inc. acquired a new position in Raymond James in the 4th quarter valued at approximately $9,366,000. Capital A Wealth Management LLC acquired a new stake in Raymond James in the 4th quarter valued at about $170,000. Integrated Advisors Network LLC bought a new position in Raymond James in the fourth quarter valued at approximately $232,000. Mackenzie Financial Corp grew its holdings in shares of Raymond James by 18.5% in the 4th quarter. Mackenzie Financial Corp now owns 27,590 shares of the financial services provider’s stock valued at $4,286,000 after buying an additional 4,309 shares during the period. Finally, Toronto Dominion Bank increased its holdings in Raymond James by 3.2% during the 4th quarter. Toronto Dominion Bank now owns 68,697 shares of the financial services provider’s stock worth $10,670,000 after purchasing an additional 2,158 shares in the last quarter. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Raymond James Stock Performance

NYSE:RJF opened at $151.58 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35. Raymond James has a twelve month low of $104.24 and a twelve month high of $174.32. The company’s 50-day moving average price is $160.98 and its 200-day moving average price is $146.24. The company has a market cap of $31.06 billion, a P/E ratio of 14.79, a P/E/G ratio of 0.90 and a beta of 1.03.

Raymond James (NYSE:RJF) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.31. Raymond James had a return on equity of 19.71% and a net margin of 14.06%. On average, sell-side analysts forecast that Raymond James will post 11.17 earnings per share for the current fiscal year.

Raymond James Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Tuesday, April 1st. Raymond James’s dividend payout ratio is currently 19.51%.

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.