Fulton Bank N.A. Has $319,000 Holdings in Raymond James (NYSE:RJF)

Fulton Bank N.A. reduced its position in Raymond James (NYSE:RJF – Get Rating) by 10.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,983 shares of the financial services provider’s stock after selling 338 shares during the period. Fulton Bank N.A.’s holdings in Raymond James were worth $319,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Intrust Bank NA increased its holdings in shares of Raymond James by 1.9% during the 3rd quarter. Intrust Bank NA now owns 5,344 shares of the financial services provider’s stock valued at $528,000 after acquiring an additional 101 shares during the last quarter. Wetherby Asset Management Inc. increased its holdings in shares of Raymond James by 5.0% during the 1st quarter. Wetherby Asset Management Inc. now owns 2,520 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 121 shares during the last quarter. King Luther Capital Management Corp increased its holdings in shares of Raymond James by 0.9% during the 2nd quarter. King Luther Capital Management Corp now owns 15,172 shares of the financial services provider’s stock valued at $1,357,000 after acquiring an additional 131 shares during the last quarter. Salem Investment Counselors Inc. increased its holdings in shares of Raymond James by 5.7% during the 2nd quarter. Salem Investment Counselors Inc. now owns 2,458 shares of the financial services provider’s stock valued at $221,000 after acquiring an additional 133 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of Raymond James by 77.1% during the 1st quarter. Covestor Ltd now owns 317 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 138 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Raymond James Price Performance

Shares of RJF stock opened at $88.02 on Friday. The stock has a 50 day moving average of $108.88 and a two-hundred day moving average of $109.71. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. Raymond James has a 12 month low of $84.86 and a 12 month high of $126.00. The company has a market capitalization of $18.96 billion, a P/E ratio of 12.26 and a beta of 1.05.

Raymond James (NYSE:RJF – Get Rating) last announced its quarterly earnings data on Wednesday, January 25th. The financial services provider reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.01. Raymond James had a return on equity of 17.78% and a net margin of 13.65%. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the company earned $2.12 EPS. The company’s quarterly revenue was up .2% on a year-over-year basis. As a group, equities analysts expect that Raymond James will post 9.44 EPS for the current year.

Raymond James Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Monday, April 3rd will be given a $0.42 dividend. The ex-dividend date is Friday, March 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.91%. Raymond James’s dividend payout ratio is currently 23.40%.

Analyst Ratings Changes

A number of research analysts have recently commented on RJF shares. StockNews.com initiated coverage on Raymond James in a report on Thursday. They set a “hold” rating on the stock. Keefe, Bruyette & Woods raised their target price on Raymond James from $120.00 to $126.00 and gave the company a “market perform” rating in a report on Thursday, January 12th. The Goldman Sachs Group lowered their target price on Raymond James from $148.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, January 4th. UBS Group lowered their target price on Raymond James from $127.00 to $125.00 and set a “neutral” rating on the stock in a report on Monday, January 9th. Finally, Credit Suisse Group lowered their target price on Raymond James from $119.00 to $116.00 and set a “neutral” rating on the stock in a report on Thursday, January 26th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $122.86.

Insiders Place Their Bets

In related news, insider Jodi Perry sold 6,343 shares of the firm’s stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $112.30, for a total transaction of $712,318.90. Following the completion of the transaction, the insider now owns 7,150 shares in the company, valued at approximately $802,945. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 9.46% of the company’s stock.

Raymond James Profile

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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.