Kohmann Bosshard Financial Services LLC Has $305,000 Holdings in Raymond James (NYSE:RJF)

Kohmann Bosshard Financial Services LLC lessened its position in shares of Raymond James (NYSE:RJF) by 33.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,961 shares of the financial services provider’s stock after selling 964 shares during the quarter. Kohmann Bosshard Financial Services LLC’s holdings in Raymond James were worth $305,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Franklin Resources Inc. increased its position in Raymond James by 1.6% during the 3rd quarter. Franklin Resources Inc. now owns 568,070 shares of the financial services provider’s stock valued at $73,940,000 after purchasing an additional 9,217 shares during the period. Banque Cantonale Vaudoise acquired a new stake in shares of Raymond James during the 3rd quarter worth approximately $3,561,000. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Raymond James by 1.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 473,140 shares of the financial services provider’s stock worth $57,941,000 after buying an additional 7,028 shares during the period. UMB Bank n.a. grew its position in shares of Raymond James by 7,238.7% during the 4th quarter. UMB Bank n.a. now owns 45,353 shares of the financial services provider’s stock worth $7,045,000 after buying an additional 44,735 shares during the period. Finally, J.W. Cole Advisors Inc. acquired a new stake in shares of Raymond James during the 4th quarter worth approximately $511,000. Institutional investors and hedge funds own 83.83% of the company’s stock.

Insiders Place Their Bets

In related news, insider Tashtego S. Elwyn sold 10,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $159.47, for a total value of $1,594,700.00. Following the transaction, the insider now directly owns 32,688 shares of the company’s stock, valued at approximately $5,212,755.36. The trade was a 23.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bella Loykhter Allaire sold 3,451 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $165.62, for a total transaction of $571,554.62. Following the completion of the transaction, the insider now directly owns 80,421 shares in the company, valued at $13,319,326.02. This trade represents a 4.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,451 shares of company stock valued at $10,531,255 in the last three months. 0.54% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RJF. StockNews.com downgraded shares of Raymond James from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. JMP Securities raised their price objective on shares of Raymond James from $175.00 to $190.00 and gave the stock a “market outperform” rating in a research report on Thursday, January 30th. Citigroup raised their price objective on shares of Raymond James from $145.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Keefe, Bruyette & Woods raised their price objective on shares of Raymond James from $170.00 to $177.00 and gave the stock a “market perform” rating in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. increased their target price on Raymond James from $166.00 to $172.00 and gave the stock a “neutral” rating in a 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $166.09.

Raymond James Price Performance

RJF opened at $154.61 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.03 and a quick ratio of 1.01. The company has a market capitalization of $31.68 billion, a price-to-earnings ratio of 15.08, a P/E/G ratio of 0.90 and a beta of 1.03. The firm’s fifty day moving average price is $160.97 and its two-hundred day moving average price is $146.79. Raymond James has a 1 year low of $104.24 and a 1 year high of $174.32.

Raymond James (NYSE:RJF) last posted its quarterly earnings data 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%. As a group, analysts anticipate that Raymond James will post 11.17 earnings per share for the current fiscal year.

Raymond James Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Tuesday, April 1st. Raymond James’s dividend payout ratio is 19.51%.

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.