Natixis Investment Managers International Increases Holdings in Raymond James (NYSE:RJF)

Natixis Investment Managers International increased its stake in Raymond James (NYSE:RJFFree Report) by 29.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,697 shares of the financial services provider’s stock after purchasing an additional 2,000 shares during the quarter. Natixis Investment Managers International’s holdings in Raymond James were worth $970,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RJF. Turtle Creek Wealth Advisors LLC bought a new position in shares of Raymond James in the fourth quarter worth about $30,000. CVA Family Office LLC purchased a new stake in Raymond James during the 4th quarter valued at approximately $50,000. Headlands Technologies LLC raised its position in shares of Raymond James by 139.8% during the third quarter. Headlands Technologies LLC now owns 518 shares of the financial services provider’s stock valued at $52,000 after buying an additional 302 shares during the last quarter. Addison Advisors LLC raised its position in shares of Raymond James by 32.7% during the fourth quarter. Addison Advisors LLC now owns 552 shares of the financial services provider’s stock valued at $62,000 after buying an additional 136 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of Raymond James by 52.5% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 558 shares of the financial services provider’s stock worth $62,000 after buying an additional 192 shares in the last quarter. Institutional investors own 83.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RJF. Bank of America reduced their price target on shares of Raymond James from $145.00 to $141.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Keefe, Bruyette & Woods reduced their target price on Raymond James from $132.00 to $131.00 and set a “market perform” rating on the stock in a report on Thursday, April 25th. Citigroup increased their price target on Raymond James from $112.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. StockNews.com downgraded Raymond James from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Finally, TD Cowen lowered their target price on Raymond James from $131.00 to $126.00 and set a “hold” rating for the company in a research report on Thursday, April 25th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $126.22.

Read Our Latest Stock Report on Raymond James

Raymond James Trading Down 0.2 %

RJF traded down $0.20 during trading on Friday, reaching $120.03. The company had a trading volume of 506,998 shares, compared to its average volume of 772,929. The company has a quick ratio of 0.98, a current ratio of 1.01 and a debt-to-equity ratio of 0.43. Raymond James has a 52 week low of $91.67 and a 52 week high of $131.19. The stock has a market cap of $24.88 billion, a P/E ratio of 14.51, a PEG ratio of 0.82 and a beta of 1.01. The business has a 50 day simple moving average of $124.50 and a 200-day simple moving average of $117.66.

Raymond James (NYSE:RJFGet Free Report) last released its earnings results on Wednesday, April 24th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.32 by ($0.01). The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.15 billion. Raymond James had a return on equity of 17.94% and a net margin of 12.72%. Raymond James’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.03 EPS. On average, equities analysts anticipate that Raymond James will post 9.55 EPS for the current fiscal year.

Raymond James Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.50%. Raymond James’s dividend payout ratio is 21.77%.

Insider Transactions at Raymond James

In related news, insider James E. Bunn sold 11,095 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $124.44, for a total transaction of $1,380,661.80. Following the completion of the transaction, the insider now owns 46,977 shares in the company, valued at approximately $5,845,817.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider James E. Bunn sold 11,095 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $124.44, for a total value of $1,380,661.80. Following the transaction, the insider now owns 46,977 shares of the company’s stock, valued at $5,845,817.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Steven M. Raney sold 4,174 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $121.01, for a total transaction of $505,095.74. Following the completion of the sale, the chief executive officer now owns 51,009 shares of the company’s stock, valued at approximately $6,172,599.09. The disclosure for this sale can be found here. Company insiders own 9.74% of the company’s stock.

About Raymond James

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding RJF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Raymond James (NYSE:RJFFree Report).

Institutional Ownership by Quarter for Raymond James (NYSE:RJF)

Receive News & Ratings for Raymond James Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raymond James and related companies with MarketBeat.com's FREE daily email newsletter.