Avantax Advisory Services Inc. Has $2.56 Million Stock Holdings in Raymond James (NYSE:RJF)

Avantax Advisory Services Inc. lessened its holdings in shares of Raymond James (NYSE:RJF) by 12.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 16,453 shares of the financial services provider’s stock after selling 2,249 shares during the period. Avantax Advisory Services Inc.’s holdings in Raymond James were worth $2,556,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Coldstream Capital Management Inc. grew its holdings in Raymond James by 1.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,228 shares of the financial services provider’s stock worth $528,000 after acquiring an additional 64 shares during the period. CX Institutional grew its holdings in shares of Raymond James by 2.9% in the 4th quarter. CX Institutional now owns 2,323 shares of the financial services provider’s stock valued at $361,000 after buying an additional 66 shares during the period. Crestwood Advisors Group LLC grew its holdings 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 buying an additional 67 shares during the period. Stablepoint Partners LLC grew its holdings 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 buying an additional 73 shares during the period. Finally, Keybank National Association OH grew its holdings in shares of 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 valued at $1,747,000 after buying an additional 76 shares during the period. Institutional investors and hedge funds own 83.83% of the company’s stock.

Raymond James Trading Up 2.0 %

Shares of NYSE:RJF opened at $142.64 on Monday. The company’s 50-day moving average price is $158.23 and its two-hundred day moving average price is $148.86. 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 one year low of $104.24 and a one year high of $174.32. The stock has a market capitalization of $29.23 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 0.90 and a beta of 1.04.

Raymond James (NYSE:RJF) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.93 EPS for the quarter, topping the consensus estimate of $2.62 by $0.31. Raymond James had a net margin of 14.06% and a return on equity of 19.71%. On average, equities analysts forecast that Raymond James will post 11.17 EPS for the current fiscal year.

Raymond James Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, April 1st. This represents a $2.00 annualized dividend and a yield of 1.40%. Raymond James’s dividend payout ratio (DPR) is presently 19.51%.

Analyst Ratings Changes

Several brokerages have recently issued reports on RJF. JMP Securities boosted their price target on shares of Raymond James from $175.00 to $190.00 and gave the company a “market outperform” rating in a report on Thursday, January 30th. StockNews.com lowered shares of Raymond James from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Citigroup boosted their price target on shares of Raymond James from $145.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, January 10th. The Goldman Sachs Group raised shares of Raymond James from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $161.00 to $185.00 in a research report on Monday, January 6th. Finally, Morgan Stanley boosted their price objective on shares of Raymond James from $149.00 to $161.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. Nine equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $167.55.

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.