Mufg Securities Americas Inc. Invests $420,000 in Raymond James (NYSE:RJF)

Mufg Securities Americas Inc. acquired a new position in Raymond James (NYSE:RJF) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 2,701 shares of the financial services provider’s stock, valued at approximately $420,000.

Other large investors have also recently modified their holdings of the company. TCTC Holdings LLC increased its holdings in shares of Raymond James by 176.7% in the fourth quarter. TCTC Holdings LLC now owns 166 shares of the financial services provider’s stock worth $26,000 after buying an additional 106 shares during the period. Y.D. More Investments Ltd increased its holdings in Raymond James by 121.0% during the 4th quarter. Y.D. More Investments Ltd now owns 232 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 127 shares during the period. Plato Investment Management Ltd increased its holdings in 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 valued at $37,000 after purchasing an additional 217 shares during the period. Covestor Ltd increased its holdings in 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 purchasing an additional 122 shares during the period. Finally, Mizuho Bank Ltd. purchased a new position in Raymond James during the 4th quarter valued at about $53,000. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Insider Activity at Raymond James

In related news, insider James E. Bunn sold 3,650 shares of the firm’s stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $136.49, for a total transaction of $498,188.50. Following the completion of the transaction, the insider now owns 78,227 shares of the company’s stock, valued at $10,677,203.23. This trade represents a 4.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is owned by corporate insiders.

Raymond James Stock Up 0.4%

RJF stock opened at $152.85 on Friday. Raymond James has a fifty-two week low of $104.24 and a fifty-two week high of $174.32. The business’s 50 day moving average price is $139.00 and its two-hundred day moving average price is $152.41. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.03. The company has a market capitalization of $30.84 billion, a price-to-earnings ratio of 14.91, a price-to-earnings-growth ratio of 0.90 and a beta of 1.02.

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

Raymond James Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Tuesday, April 1st. Raymond James’s dividend payout ratio (DPR) is presently 19.25%.

Analyst Upgrades and Downgrades

RJF has been the topic of a number of research analyst reports. Cowen restated a “hold” rating on shares of Raymond James in a report on Thursday, April 24th. Morgan Stanley boosted their price target on Raymond James from $149.00 to $161.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Keefe, Bruyette & Woods boosted their price target on Raymond James from $170.00 to $177.00 and gave the company a “market perform” rating in a report on Thursday, January 30th. JMP Securities restated a “market outperform” rating and set a $175.00 price target on shares of Raymond James in a report on Thursday, April 24th. Finally, StockNews.com downgraded Raymond James from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Eleven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Raymond James currently has a consensus rating of “Hold” and a consensus price target of $153.82.

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.