Winebrenner Capital Management LLC Makes New Investment in Raymond James (NYSE:RJF)

Winebrenner Capital Management LLC bought a new position in shares of Raymond James (NYSE:RJF) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 1,524 shares of the financial services provider’s stock, valued at approximately $237,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Gladius Capital Management LP bought a new position in Raymond James during the 3rd quarter worth approximately $34,000. Y.D. More Investments Ltd raised its holdings in Raymond James by 121.0% in the fourth quarter. Y.D. More Investments Ltd now owns 232 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 127 shares during the period. Peterson Financial Group Inc. bought a new position in shares of Raymond James during the third quarter worth $37,000. Quarry LP grew its holdings in shares of Raymond James by 80.3% in the 3rd quarter. Quarry LP now owns 420 shares of the financial services provider’s stock valued at $51,000 after buying an additional 187 shares during the period. Finally, Eastern Bank bought a new stake in shares of Raymond James in the 4th quarter valued at $68,000. 83.83% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Tashtego S. Elwyn sold 10,000 shares of Raymond James stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $159.47, for a total value of $1,594,700.00. Following the completion of the transaction, the insider now owns 32,688 shares of the company’s stock, valued at $5,212,755.36. This trade represents a 23.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Bella Loykhter Allaire sold 1,170 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $169.43, for a total transaction of $198,233.10. Following the transaction, the insider now owns 80,421 shares in the company, valued at $13,625,730.03. This represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 64,621 shares of company stock valued at $10,729,488 in the last 90 days. 0.54% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. StockNews.com lowered Raymond James from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Bank of America lifted 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 increased their target price for the stock from $161.00 to $185.00 in a research note on Monday, January 6th. JMP Securities raised their target price on shares of Raymond James from $175.00 to $190.00 and gave the stock a “market outperform” rating in a report on Thursday, January 30th. Finally, TD Cowen upped their price target on shares of Raymond James from $128.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Raymond James presently has a consensus rating of “Hold” and a consensus target price of $166.09.

Raymond James Stock Performance

Shares of RJF opened at $151.34 on Friday. The stock has a market capitalization of $31.01 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 0.90 and a beta of 1.03. Raymond James has a 12 month low of $104.24 and a 12 month high of $174.32. The firm has a fifty day simple moving average of $161.30 and a 200 day simple moving average of $145.05. 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 (NYSE:RJF) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.31. Raymond James had a net margin of 14.06% and a return on equity of 19.71%. Research analysts forecast that Raymond James will post 11.17 EPS for the current fiscal year.

Raymond James Dividend Announcement

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

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.