We Are One Seven LLC bought a new stake in Raymond James Financial (NYSE:RJF) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 4,534 shares of the financial services provider’s stock, valued at approximately $405,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of RJF. Cerebellum GP LLC acquired a new stake in Raymond James Financial in the fourth quarter worth about $129,000. Financial Gravity Companies Inc. acquired a new stake in Raymond James Financial in the fourth quarter worth about $177,000. Assetmark Inc. boosted its holdings in Raymond James Financial by 478.2% in the fourth quarter. Assetmark Inc. now owns 1,833 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 1,516 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Raymond James Financial by 402.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,834 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 1,469 shares in the last quarter. Finally, Squar Milner Financial Services LLC acquired a new stake in Raymond James Financial in the fourth quarter worth about $205,000. Institutional investors own 70.93% of the company’s stock.
In other Raymond James Financial news, insider Paul D. Allison sold 6,600 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $96.65, for a total value of $637,890.00. Following the completion of the transaction, the insider now directly owns 21,142 shares of the company’s stock, valued at $2,043,374.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Dennis W. Zank sold 20,003 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $98.63, for a total value of $1,972,895.89. Following the completion of the transaction, the chief operating officer now directly owns 150,849 shares of the company’s stock, valued at $14,878,236.87. The disclosure for this sale can be found here. Insiders have sold 38,878 shares of company stock valued at $3,774,080 in the last ninety days. Corporate insiders own 10.46% of the company’s stock.
Several equities research analysts have weighed in on the company. Buckingham Research raised their price target on Raymond James Financial from $113.00 to $117.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Credit Suisse Group assumed coverage on Raymond James Financial in a report on Thursday, November 30th. They issued an “underperform” rating and a $82.00 price target for the company. Wells Fargo reissued an “outperform” rating and issued a $110.00 price target (up previously from $94.00) on shares of Raymond James Financial in a report on Thursday, January 4th. Keefe, Bruyette & Woods raised Raymond James Financial from a “market perform” rating to an “outperform” rating and set a $74.00 price target for the company in a report on Monday, February 26th. Finally, ValuEngine raised Raymond James Financial from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $95.29.
Shares of Raymond James Financial (NYSE RJF) opened at $91.60 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.12 and a debt-to-equity ratio of 0.53. Raymond James Financial has a twelve month low of $71.35 and a twelve month high of $99.26. The company has a market capitalization of $14,102.81, a PE ratio of 22.23, a P/E/G ratio of 0.83 and a beta of 1.61.
Raymond James Financial (NYSE:RJF) last released its earnings results on Wednesday, January 24th. The financial services provider reported $1.61 EPS for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.19. Raymond James Financial had a return on equity of 14.87% and a net margin of 9.00%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the company posted $1.07 earnings per share. The company’s revenue was up 15.6% compared to the same quarter last year. analysts expect that Raymond James Financial will post 6.89 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, March 29th. Raymond James Financial’s dividend payout ratio (DPR) is 24.27%.
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Raymond James Financial 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.
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