2,514 Shares in Raymond James (NYSE:RJF) Purchased by Virtu Financial LLC

Virtu Financial LLC bought a new stake in shares of Raymond James (NYSE:RJFFree Report) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 2,514 shares of the financial services provider’s stock, valued at approximately $308,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wolff Wiese Magana LLC boosted its position in Raymond James by 3,960.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 203 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 198 shares during the period. Quarry LP acquired a new position in shares of Raymond James during the second quarter valued at $29,000. Future Financial Wealth Managment LLC bought a new position in shares of Raymond James during the third quarter worth about $32,000. Gladius Capital Management LP acquired a new stake in shares of Raymond James in the 3rd quarter worth about $34,000. Finally, Peterson Financial Group Inc. bought a new stake in Raymond James in the 3rd quarter valued at about $37,000. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Raymond James Price Performance

Shares of Raymond James stock opened at $160.41 on Tuesday. Raymond James has a 52 week low of $104.24 and a 52 week high of $171.38. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The stock has a market cap of $32.73 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 0.91 and a beta of 1.00. The company’s 50-day moving average price is $153.15 and its two-hundred day moving average price is $130.39.

Raymond James (NYSE:RJFGet Free Report) last released its earnings results on Wednesday, October 23rd. The financial services provider reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.54. The business had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.32 billion. Raymond James had a net margin of 13.86% and a return on equity of 19.30%. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.13 EPS. As a group, sell-side analysts anticipate that Raymond James will post 10.85 EPS for the current fiscal year.

Raymond James Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, January 2nd. This is a positive change from Raymond James’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 1.25%. Raymond James’s dividend payout ratio (DPR) is currently 18.54%.

Analyst Upgrades and Downgrades

Several research firms have commented on RJF. TD Cowen upped their target price on shares of Raymond James from $128.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Bank of America raised their target price on Raymond James from $136.00 to $152.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Morgan Stanley boosted their price target on Raymond James from $132.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Wells Fargo & Company reissued an “equal weight” rating and set a $169.00 price target (up from $152.00) on shares of Raymond James in a report on Thursday, December 12th. Finally, The Goldman Sachs Group upped their price objective on shares of Raymond James from $125.00 to $142.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Raymond James currently has a consensus rating of “Hold” and an average price target of $142.45.

View Our Latest Research Report on Raymond James

Insider Buying and Selling

In other Raymond James news, CEO Paul C. Reilly sold 50,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $167.30, for a total transaction of $8,365,000.00. Following the completion of the sale, the chief executive officer now directly owns 283,110 shares of the company’s stock, valued at approximately $47,364,303. This represents a 15.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tashtego S. Elwyn sold 10,000 shares of Raymond James stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $159.47, for a total transaction of $1,594,700.00. Following the completion of the transaction, the insider now directly owns 32,688 shares in the company, valued at approximately $5,212,755.36. This trade represents a 23.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 64,621 shares of company stock worth $10,729,488 in the last three months. 9.74% of the stock is currently owned by insiders.

Raymond James Company Profile

(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.

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

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