Raymond James (NYSE:RJF) Position Increased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Raymond James (NYSE:RJF) by 5.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,953 shares of the financial services provider’s stock after acquiring an additional 894 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Raymond James were worth $2,944,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of RJF. CX Institutional boosted its stake in shares of Raymond James by 2.9% during the 4th quarter. CX Institutional now owns 2,323 shares of the financial services provider’s stock worth $361,000 after acquiring an additional 66 shares in the last quarter. Crestwood Advisors Group LLC boosted its position in shares of Raymond James by 3.5% in the 4th quarter. Crestwood Advisors Group LLC now owns 1,982 shares of the financial services provider’s stock valued at $308,000 after purchasing an additional 67 shares during the period. Stablepoint Partners LLC boosted its position in shares of Raymond James by 0.5% in the 4th quarter. Stablepoint Partners LLC now owns 14,651 shares of the financial services provider’s stock valued at $2,276,000 after purchasing an additional 73 shares during the period. Keybank National Association OH increased its stake in Raymond James by 0.7% in the 4th quarter. Keybank National Association OH now owns 11,248 shares of the financial services provider’s stock worth $1,747,000 after purchasing an additional 76 shares in the last quarter. Finally, Private Trust Co. NA raised its holdings in Raymond James by 23.9% during the 4th quarter. Private Trust Co. NA now owns 487 shares of the financial services provider’s stock worth $76,000 after buying an additional 94 shares during the period. Institutional investors own 83.83% of the company’s stock.

Insider Activity

In related news, insider James E. Bunn sold 3,650 shares of the stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $136.49, for a total transaction of $498,188.50. Following the completion of the sale, the insider now owns 78,227 shares in the company, valued at $10,677,203.23. This represents a 4.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.54% of the company’s stock.

Raymond James Stock Down 0.8%

RJF opened at $152.56 on Wednesday. The company has a market capitalization of $30.78 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 0.90 and a beta of 1.02. The business has a 50-day moving average of $139.80 and a 200-day moving average of $152.56. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.03 and a quick ratio of 1.01. 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 quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $2.42 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.02). Raymond James had a return on equity of 19.71% and a net margin of 14.06%. The company had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same period in the prior year, the firm earned $2.31 EPS. Raymond James’s quarterly revenue was up 9.0% on a year-over-year basis. Equities research analysts forecast that Raymond James will post 11.17 EPS for the current fiscal year.

Raymond James Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Tuesday, April 1st. Raymond James’s dividend payout ratio is 19.25%.

Wall Street Analyst Weigh In

RJF has been the topic of several analyst reports. Morgan Stanley lifted their target price on shares of Raymond James from $149.00 to $161.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Cowen reaffirmed a “hold” rating on shares of Raymond James in a research note on Thursday, April 24th. JMP Securities reissued a “market outperform” rating and set a $175.00 target price on shares of Raymond James in a research note on Thursday, April 24th. Bank of America lowered Raymond James from a “buy” rating to a “neutral” rating and set a $159.00 target price for the company. in a report on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods lifted their price target on Raymond James from $170.00 to $177.00 and gave the company a “market perform” rating in a report on Thursday, January 30th. Eleven analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $153.82.

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.