DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $438,000 Holdings in Raymond James (NYSE:RJF)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lowered its position in Raymond James (NYSE:RJF) by 18.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,821 shares of the financial services provider’s stock after selling 634 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Raymond James were worth $438,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RJF. TCTC Holdings LLC increased its stake in shares of Raymond James by 176.7% during the 4th quarter. TCTC Holdings LLC now owns 166 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 106 shares during the last quarter. Y.D. More Investments Ltd lifted its position in shares of 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 buying an additional 127 shares during the last quarter. Plato Investment Management Ltd boosted its stake in shares of Raymond James by 1,142.1% during the 4th quarter. Plato Investment Management Ltd now owns 236 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 217 shares in the last quarter. Covestor Ltd increased its holdings in shares of Raymond James by 56.7% during the 4th quarter. Covestor Ltd now owns 337 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 122 shares during the last quarter. Finally, Mizuho Bank Ltd. bought a new position in shares of Raymond James in the 4th quarter valued at approximately $53,000. Institutional investors own 83.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on RJF shares. The Goldman Sachs Group decreased their target price on Raymond James from $198.00 to $173.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Keefe, Bruyette & Woods upped their price objective on shares of Raymond James from $170.00 to $177.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. Cowen reiterated a “hold” rating on shares of Raymond James in a report on Thursday, April 24th. JPMorgan Chase & Co. decreased their price target on shares of Raymond James from $149.00 to $143.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Finally, Wells Fargo & Company dropped their price objective on Raymond James from $176.00 to $143.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Eleven analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $153.82.

Insider Buying and Selling at Raymond James

In other news, insider James E. Bunn sold 3,650 shares of the business’s stock in a transaction on Monday, April 28th. The shares were sold at an average price of $136.49, for a total value of $498,188.50. Following the sale, the insider now owns 78,227 shares in the company, valued at approximately $10,677,203.23. The trade was a 4.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.54% of the company’s stock.

Raymond James Trading Down 0.0%

Shares of RJF opened at $145.51 on Monday. The stock’s 50-day moving average price is $138.22 and its 200 day moving average price is $152.33. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.35. Raymond James has a 12-month low of $104.24 and a 12-month high of $174.32. The firm has a market capitalization of $29.82 billion, a price-to-earnings ratio of 14.20, a P/E/G ratio of 0.90 and a beta of 1.02.

Raymond James (NYSE:RJF) last announced its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.02). The business had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.46 billion. Raymond James had a net margin of 14.06% and a return on equity of 19.71%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the firm earned $2.31 EPS. As a group, research analysts predict that Raymond James will post 11.17 earnings per share for the current year.

Raymond James Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Tuesday, April 1st. Raymond James’s dividend payout ratio is 19.25%.

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.