Raymond James (NYSE:RJF) Stock Holdings Boosted by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group raised its position in shares of Raymond James (NYSE:RJF) by 10.8% in the first quarter, HoldingsChannel.com reports. The firm owned 2,303 shares of the financial services provider’s stock after buying an additional 224 shares during the period. Rehmann Capital Advisory Group’s holdings in Raymond James were worth $296,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board boosted its stake in Raymond James by 4.4% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 5,635 shares of the financial services provider’s stock valued at $628,000 after purchasing an additional 240 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Raymond James by 86.2% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,421 shares of the financial services provider’s stock valued at $493,000 after purchasing an additional 2,047 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of Raymond James by 25.4% during the 4th quarter. Hsbc Holdings PLC now owns 444,597 shares of the financial services provider’s stock valued at $49,603,000 after acquiring an additional 89,981 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Raymond James by 44.5% during the 4th quarter. BNP Paribas Financial Markets now owns 110,751 shares of the financial services provider’s stock valued at $12,349,000 after acquiring an additional 34,101 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Raymond James by 26.0% during the 3rd quarter. American Century Companies Inc. now owns 165,966 shares of the financial services provider’s stock valued at $16,668,000 after acquiring an additional 34,200 shares during the last quarter. 83.83% of the stock is owned by institutional investors.

Raymond James Stock Performance

Shares of NYSE:RJF traded up $0.89 during midday trading on Wednesday, hitting $119.56. The company’s stock had a trading volume of 648,814 shares, compared to its average volume of 1,009,367. The stock has a market capitalization of $24.78 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 0.80 and a beta of 1.02. The stock’s 50 day simple moving average is $122.14 and its 200 day simple moving average is $119.72. Raymond James has a fifty-two week low of $91.67 and a fifty-two week high of $131.19. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.98 and a current ratio of 1.01.

Raymond James (NYSE:RJF) last announced its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $2.31 EPS for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.01). The business had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.15 billion. Raymond James had a return on equity of 17.94% and a net margin of 12.72%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.03 EPS. As a group, research analysts anticipate that Raymond James will post 9.54 earnings per share for the current year.

Raymond James Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Monday, July 1st. Raymond James’s dividend payout ratio is currently 21.77%.

Insider Activity at Raymond James

In related news, insider James E. Bunn sold 11,095 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $124.44, for a total value of $1,380,661.80. Following the completion of the sale, the insider now owns 46,977 shares of the company’s stock, valued at $5,845,817.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider James E. Bunn sold 11,095 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $124.44, for a total value of $1,380,661.80. Following the completion of the sale, the insider now owns 46,977 shares of the company’s stock, valued at $5,845,817.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Steven M. Raney sold 4,174 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $121.01, for a total transaction of $505,095.74. Following the completion of the sale, the chief executive officer now directly owns 51,009 shares of the company’s stock, valued at approximately $6,172,599.09. The disclosure for this sale can be found here. 9.74% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

RJF has been the subject of a number of recent research reports. JMP Securities reiterated a “market perform” rating on shares of Raymond James in a research report on Tuesday, April 9th. TD Cowen increased their price objective on Raymond James from $130.00 to $133.00 and gave the company a “hold” rating in a research report on Monday. Bank of America reduced their target price on Raymond James from $145.00 to $141.00 and set a “buy” rating for the company in a report on Thursday, April 25th. UBS Group reduced their target price on Raymond James from $138.00 to $135.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Raymond James from $132.00 to $131.00 and set a “market perform” rating on the stock in a research note on Thursday, April 25th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $129.89.

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.