Everpar Advisors LLC Takes $219,000 Position in Raymond James (NYSE:RJF)

Everpar Advisors LLC acquired a new stake in Raymond James (NYSE:RJF) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,964 shares of the financial services provider’s stock, valued at approximately $219,000.

A number of other institutional investors also recently modified their holdings of RJF. Wellington Management Group LLP raised its holdings in Raymond James by 2.2% during the third quarter. Wellington Management Group LLP now owns 11,570,058 shares of the financial services provider’s stock worth $1,161,981,000 after buying an additional 246,349 shares during the last quarter. Earnest Partners LLC raised its holdings in Raymond James by 4.8% during the third quarter. Earnest Partners LLC now owns 2,165,025 shares of the financial services provider’s stock worth $217,433,000 after buying an additional 98,664 shares during the last quarter. Northern Trust Corp raised its holdings in Raymond James by 2.5% during the third quarter. Northern Trust Corp now owns 2,082,598 shares of the financial services provider’s stock worth $209,155,000 after buying an additional 51,239 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Raymond James by 8.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,082,745 shares of the financial services provider’s stock worth $120,726,000 after buying an additional 88,700 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in Raymond James by 11.9% during the third quarter. Sei Investments Co. now owns 635,340 shares of the financial services provider’s stock worth $63,807,000 after buying an additional 67,663 shares during the last quarter. 83.83% of the stock is owned by institutional investors.

Raymond James Stock Performance

NYSE:RJF opened at $125.39 on Thursday. The stock has a market cap of $26.21 billion, a P/E ratio of 15.16, a price-to-earnings-growth ratio of 0.85 and a beta of 1.03. The firm’s fifty day simple moving average is $124.00 and its 200 day simple moving average is $113.97. Raymond James has a twelve month low of $84.06 and a twelve month high of $131.19. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 0.37.

Raymond James (NYSE:RJF) last posted its quarterly 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). The company had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.15 billion. Raymond James had a return on equity of 18.24% and a net margin of 12.72%. Raymond James’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.03 EPS. As a group, research analysts predict that Raymond James will post 9.56 EPS for the current year.

Raymond James Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Thursday, March 28th. Raymond James’s dividend payout ratio (DPR) is 21.77%.

Insiders Place Their Bets

In other news, Director Art A. Garcia purchased 879 shares of the business’s stock in a transaction on Friday, February 9th. The stock was acquired at an average cost of $112.30 per share, for a total transaction of $98,711.70. Following the purchase, the director now directly owns 879 shares in the company, valued at approximately $98,711.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Raymond James news, insider James E. Bunn sold 11,095 shares of Raymond James stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $124.44, for a total transaction of $1,380,661.80. Following the transaction, the insider now owns 46,977 shares of the company’s stock, valued at $5,845,817.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Art A. Garcia acquired 879 shares of Raymond James stock in a transaction dated Friday, February 9th. The stock was purchased at an average cost of $112.30 per share, with a total value of $98,711.70. Following the completion of the purchase, the director now owns 879 shares of the company’s stock, valued at $98,711.70. The disclosure for this purchase can be found here. 9.74% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on RJF shares. Morgan Stanley increased 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. Keefe, Bruyette & Woods lowered their target price on shares of Raymond James from $132.00 to $131.00 and set a “market perform” rating for the company in a report on Thursday, April 25th. UBS Group reduced their price target on shares of Raymond James from $116.00 to $115.00 and set a “neutral” rating for the company in a research report on Thursday, January 25th. TD Cowen reduced their price target on shares of Raymond James from $131.00 to $126.00 and set a “hold” rating for the company in a research report on Thursday, April 25th. Finally, Citigroup increased their price target 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. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $126.22.

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.