Raymond James (NYSE:RJF) Shares Sold by NBW Capital LLC

NBW Capital LLC cut its holdings in Raymond James (NYSE:RJF) by 1.3% during the fourth quarter, HoldingsChannel reports. The firm owned 33,669 shares of the financial services provider’s stock after selling 452 shares during the period. NBW Capital LLC’s holdings in Raymond James were worth $3,754,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. increased its stake in Raymond James by 26.0% in the third quarter. American Century Companies Inc. now owns 165,966 shares of the financial services provider’s stock valued at $16,668,000 after purchasing an additional 34,200 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in Raymond James by 29.9% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 335,385 shares of the financial services provider’s stock valued at $37,395,000 after purchasing an additional 77,263 shares during the period. Banque Cantonale Vaudoise increased its stake in Raymond James by 13.3% in the third quarter. Banque Cantonale Vaudoise now owns 2,718 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 318 shares during the period. Operose Advisors LLC boosted its holdings in shares of Raymond James by 241.3% in the third quarter. Operose Advisors LLC now owns 1,024 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 724 shares in the last quarter. Finally, First Foundation Advisors purchased a new stake in shares of Raymond James in the third quarter valued at about $1,090,000. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Raymond James Price Performance

RJF stock traded up $0.09 during trading on Thursday, reaching $122.03. 469,116 shares of the company were exchanged, compared to its average volume of 1,018,179. The company has a market cap of $25.51 billion, a P/E ratio of 15.38, a PEG ratio of 0.86 and a beta of 1.05. Raymond James has a 52-week low of $82.00 and a 52-week high of $131.19. The stock’s 50 day moving average price is $121.96 and its 200 day moving average price is $111.32. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 0.99.

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

Raymond James Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Thursday, March 28th. Raymond James’s dividend payout ratio (DPR) is presently 22.56%.

Wall Street Analysts Forecast Growth

RJF has been the topic of several analyst reports. UBS Group lowered their target price on shares of Raymond James from $116.00 to $115.00 and set a “neutral” rating on the stock in a report on Thursday, January 25th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $117.00 target price (up previously from $112.00) on shares of Raymond James in a report on Tuesday, January 9th. StockNews.com downgraded shares of Raymond James from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Citigroup lifted their target price on shares of Raymond James from $112.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Finally, Morgan Stanley lifted their target price on shares of Raymond James from $113.00 to $123.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Raymond James currently has a consensus rating of “Hold” and a consensus target price of $123.88.

Insider Buying and Selling at Raymond James

In other Raymond James news, Director Art A. Garcia purchased 879 shares of Raymond James stock in a transaction on Friday, February 9th. The shares were bought at an average price of $112.30 per share, with a total value of $98,711.70. Following the completion of the acquisition, the director now directly owns 879 shares of the company’s stock, valued at $98,711.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Raymond James news, Director Art A. Garcia purchased 879 shares of Raymond James stock in a transaction on Friday, February 9th. The shares were bought at an average price of $112.30 per share, with a total value of $98,711.70. Following the completion of the acquisition, the director now directly owns 879 shares of the company’s stock, valued at $98,711.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Jonathan N. Santelli sold 1,891 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $111.91, for a total transaction of $211,621.81. Following the completion of the transaction, the executive vice president now directly 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. Insiders own 9.74% of the company’s stock.

Raymond James Company 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.