Y.D. More Investments Ltd Boosts Position in Raymond James (NYSE:RJF)

Y.D. More Investments Ltd increased its holdings in Raymond James (NYSE:RJF) by 121.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 232 shares of the financial services provider’s stock after acquiring an additional 127 shares during the period. Y.D. More Investments Ltd’s holdings in Raymond James were worth $36,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in RJF. Cetera Investment Advisers boosted its stake in shares of Raymond James by 6.3% during the 2nd quarter. Cetera Investment Advisers now owns 23,013 shares of the financial services provider’s stock valued at $2,845,000 after purchasing an additional 1,357 shares in the last quarter. Czech National Bank lifted its holdings in Raymond James by 6.2% in the third quarter. Czech National Bank now owns 37,757 shares of the financial services provider’s stock worth $4,624,000 after buying an additional 2,208 shares during the period. GAMMA Investing LLC boosted its position in Raymond James by 11.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,495 shares of the financial services provider’s stock valued at $183,000 after acquiring an additional 153 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Raymond James during the 3rd quarter worth approximately $32,000. Finally, CWM LLC raised its position in shares of Raymond James by 2.8% in the 3rd quarter. CWM LLC now owns 11,853 shares of the financial services provider’s stock worth $1,452,000 after acquiring an additional 325 shares in the last quarter. Institutional investors own 83.83% of the company’s stock.

Raymond James Stock Performance

RJF stock opened at $168.39 on Friday. The stock has a market capitalization of $34.41 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 0.98 and a beta of 1.03. The stock’s 50 day simple moving average is $162.13 and its 200 day simple moving average is $141.46. Raymond James has a 12-month low of $104.24 and a 12-month high of $174.32. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37.

Raymond James (NYSE:RJF) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 EPS for the quarter, topping the consensus estimate of $2.62 by $0.31. Raymond James had a return on equity of 19.99% and a net margin of 14.06%. As a group, research analysts forecast that Raymond James will post 11.16 earnings per share for the current fiscal year.

Raymond James Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were issued a $0.50 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $2.00 annualized dividend and a yield of 1.19%. This is a boost from Raymond James’s previous quarterly dividend of $0.45. Raymond James’s dividend payout ratio (DPR) is currently 19.51%.

Insiders Place Their Bets

In other news, insider Bella Loykhter Allaire sold 1,170 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $169.43, for a total transaction of $198,233.10. Following the completion of the sale, the insider now owns 80,421 shares of the company’s stock, valued at $13,625,730.03. The trade was a 1.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Tashtego S. Elwyn sold 10,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $159.47, for a total value 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 represents a 23.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 64,621 shares of company stock valued at $10,729,488. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Morgan Stanley lifted their price target on Raymond James from $132.00 to $145.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Citigroup boosted their target price on shares of Raymond James from $145.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, January 10th. StockNews.com upgraded shares of Raymond James from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. UBS Group raised shares of Raymond James from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, TD Cowen lifted their target price on shares of Raymond James from $128.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $166.09.

Raymond James 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.