Raymond James (NYSE:RJF) Shares Acquired by Access Investment Management LLC

Access Investment Management LLC boosted its position in Raymond James (NYSE:RJF) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,051 shares of the financial services provider’s stock after buying an additional 220 shares during the quarter. Raymond James accounts for approximately 1.3% of Access Investment Management LLC’s holdings, making the stock its 27th biggest holding. Access Investment Management LLC’s holdings in Raymond James were worth $4,512,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of RJF. Wellington Management Group LLP boosted its holdings in Raymond James by 31.4% in the third quarter. Wellington Management Group LLP now owns 12,114,502 shares of the financial services provider’s stock valued at $1,483,542,000 after purchasing an additional 2,898,242 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Raymond James by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 4,544,610 shares of the financial services provider’s stock worth $556,533,000 after buying an additional 488,245 shares in the last quarter. Ceredex Value Advisors LLC increased its stake in shares of Raymond James by 191.3% in the third quarter. Ceredex Value Advisors LLC now owns 722,393 shares of the financial services provider’s stock worth $88,464,000 after buying an additional 474,443 shares during the last quarter. Two Sigma Advisers LP acquired a new position in Raymond James during the 3rd quarter worth $34,105,000. Finally, Worldquant Millennium Advisors LLC bought a new stake in shares of Raymond James in the 3rd quarter worth about $28,985,000. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Raymond James Stock Performance

RJF opened at $151.34 on Friday. Raymond James has a twelve month low of $104.24 and a twelve month high of $174.32. The stock has a market cap of $31.01 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 0.90 and a beta of 1.03. The business’s 50 day moving average is $161.30 and its 200-day moving average is $145.31. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35.

Raymond James (NYSE:RJF) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.31. Raymond James had a return on equity of 19.71% and a net margin of 14.06%. On average, analysts predict that Raymond James will post 11.17 earnings per share for the current year.

Raymond James Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.32%. Raymond James’s dividend payout ratio is currently 19.51%.

Insider Buying and Selling

In other news, insider Bella Loykhter Allaire sold 3,451 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were 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 owns 80,421 shares of the company’s stock, valued at approximately $13,319,326.02. This represents a 4.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Paul C. Reilly sold 50,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $167.30, for a total value of $8,365,000.00. Following the completion of the transaction, the chief executive officer now directly owns 283,110 shares of the company’s stock, valued at approximately $47,364,303. This trade represents a 15.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,621 shares of company stock worth $10,729,488. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

RJF has been the topic of several research analyst reports. Citigroup increased their price target 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. TD Cowen lifted their target price on Raymond James from $128.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. StockNews.com lowered 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 Raymond James from $175.00 to $190.00 and gave the stock a “market outperform” rating in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Raymond James from $166.00 to $172.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Nine research 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $166.09.

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.