Raymond James (NYSE:RJF) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC grew its position in shares of Raymond James (NYSE:RJFGet Rating) by 17.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,787 shares of the financial services provider’s stock after purchasing an additional 406 shares during the quarter. Cerity Partners LLC’s holdings in Raymond James were worth $249,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of RJF. Zions Bancorporation N.A. increased its position in shares of Raymond James by 222.5% during the 2nd quarter. Zions Bancorporation N.A. now owns 287 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 198 shares during the period. Massmutual Trust Co. FSB ADV grew its holdings in shares of Raymond James by 365.6% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 298 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 234 shares during the last quarter. JFS Wealth Advisors LLC grew its holdings in shares of Raymond James by 334.1% in the 2nd quarter. JFS Wealth Advisors LLC now owns 382 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 294 shares during the last quarter. Covestor Ltd grew its holdings in shares of Raymond James by 77.1% in the 1st quarter. Covestor Ltd now owns 317 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 138 shares during the last quarter. Finally, Clear Street Markets LLC grew its holdings in shares of Raymond James by 434.2% in the 2nd quarter. Clear Street Markets LLC now owns 406 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 330 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Raymond James

In related news, insider James E. Bunn sold 4,000 shares of Raymond James stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $106.75, for a total transaction of $427,000.00. Following the completion of the sale, the insider now owns 21,096 shares of the company’s stock, valued at $2,251,998. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 10.25% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on RJF shares. Morgan Stanley lifted their target price on Raymond James from $113.00 to $121.00 and gave the stock an “overweight” rating in a report on Monday, October 31st. Jefferies Financial Group lifted their target price on Raymond James from $108.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, August 26th. Citigroup started coverage on Raymond James in a research report on Tuesday, October 11th. They issued a “neutral” rating and a $117.00 target price for the company. StockNews.com raised Raymond James from a “hold” rating to a “buy” rating in a research report on Friday, October 28th. Finally, Credit Suisse Group decreased their target price on Raymond James to $118.00 in a research report on Friday, November 4th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Raymond James currently has a consensus rating of “Moderate Buy” and an average price target of $121.50.

Raymond James Price Performance

RJF opened at $123.05 on Tuesday. The stock has a market cap of $26.56 billion, a price-to-earnings ratio of 17.63 and a beta of 1.07. Raymond James has a 1 year low of $84.86 and a 1 year high of $126.00. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.40. The stock has a fifty day moving average price of $109.99 and a 200 day moving average price of $101.62.

Raymond James (NYSE:RJFGet Rating) last released its quarterly earnings data on Wednesday, October 26th. The financial services provider reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.08. The firm had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.75 billion. Raymond James had a return on equity of 17.90% and a net margin of 13.35%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.06 earnings per share. Analysts forecast that Raymond James will post 9.44 EPS for the current fiscal year.

Raymond James Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 17th. Investors of record on Monday, October 3rd were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, September 30th. This represents a $1.36 dividend on an annualized basis and a yield of 1.11%. Raymond James’s payout ratio is 19.48%.

About Raymond James

(Get Rating)

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.

Featured Articles

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.