Raymond James (NYSE:RJF) Stake Lessened by NBW Capital LLC

NBW Capital LLC cut its stake in Raymond James (NYSE:RJF) by 2.5% in the 4th quarter, HoldingsChannel reports. The fund owned 34,706 shares of the financial services provider’s stock after selling 900 shares during the period. NBW Capital LLC’s holdings in Raymond James were worth $5,391,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Plato Investment Management Ltd boosted its holdings in shares of Raymond James by 1,142.1% in the fourth quarter. Plato Investment Management Ltd now owns 236 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 217 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Raymond James by 30.1% in the fourth quarter. Jones Financial Companies Lllp now owns 1,011 shares of the financial services provider’s stock valued at $157,000 after acquiring an additional 234 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Raymond James by 13.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,159 shares of the financial services provider’s stock worth $491,000 after buying an additional 367 shares in the last quarter. Metis Global Partners LLC boosted its holdings in Raymond James by 64.2% during the fourth quarter. Metis Global Partners LLC now owns 10,041 shares of the financial services provider’s stock worth $1,560,000 after buying an additional 3,926 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in Raymond James by 10.9% during the fourth quarter. US Bancorp DE now owns 80,883 shares of the financial services provider’s stock worth $12,564,000 after buying an additional 7,936 shares in the last quarter. 83.83% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Tashtego S. Elwyn sold 10,000 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $159.47, for a total transaction of $1,594,700.00. Following the transaction, the insider now owns 32,688 shares in the company, valued at $5,212,755.36. This represents a 23.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

RJF has been the subject of a number of research reports. 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. Keefe, Bruyette & Woods raised their target price 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. Wells Fargo & Company raised their target price on shares of Raymond James from $168.00 to $176.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Citigroup upped their price target on shares of Raymond James from $145.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Finally, Bank of America upped their price target on shares of Raymond James from $198.00 to $201.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Nine investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $166.09.

Raymond James Stock Down 2.8 %

RJF stock opened at $150.37 on Tuesday. Raymond James has a 12-month low of $104.24 and a 12-month high of $174.32. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.35. The company has a market cap of $30.81 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 0.90 and a beta of 1.03. The company has a 50 day moving average of $160.86 and a two-hundred day moving average of $147.26.

Raymond James (NYSE:RJF) last released its earnings results on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share (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%. On average, equities analysts anticipate that Raymond James will post 11.17 earnings per share for the current fiscal year.

Raymond James Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a $0.50 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.00 dividend on an annualized basis and a yield of 1.33%. Raymond James’s 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.