SG Americas Securities LLC Acquires 14,421 Shares of Raymond James (NYSE:RJF)

SG Americas Securities LLC grew its holdings in Raymond James (NYSE:RJFFree Report) by 204.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 21,485 shares of the financial services provider’s stock after purchasing an additional 14,421 shares during the quarter. SG Americas Securities LLC’s holdings in Raymond James were worth $2,396,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Private Advisor Group LLC acquired a new position in shares of Raymond James in the 1st quarter valued at $364,000. Yousif Capital Management LLC increased its position in shares of Raymond James by 1.0% during the 1st quarter. Yousif Capital Management LLC now owns 28,663 shares of the financial services provider’s stock worth $3,150,000 after purchasing an additional 275 shares in the last quarter. Cibc World Market Inc. acquired a new stake in shares of Raymond James during the 1st quarter worth about $4,195,000. Prudential PLC acquired a new stake in shares of Raymond James during the 1st quarter worth about $540,000. Finally, Cetera Investment Advisers increased its position in shares of Raymond James by 52.9% during the 1st quarter. Cetera Investment Advisers now owns 4,636 shares of the financial services provider’s stock worth $510,000 after purchasing an additional 1,604 shares in the last quarter. 83.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on RJF shares. UBS Group dropped their target price on shares of Raymond James from $116.00 to $115.00 and set a “neutral” rating for the company in a research report on Thursday, January 25th. StockNews.com lowered shares of Raymond James from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $117.00 target price (up previously from $112.00) on shares of Raymond James in a research note on Tuesday, January 9th. The Goldman Sachs Group reissued a “neutral” rating and set a $116.00 price objective (down previously from $125.00) on shares of Raymond James in a research note on Wednesday, January 3rd. Finally, Morgan Stanley lifted their price target on shares of Raymond James from $106.00 to $113.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $120.50.

Check Out Our Latest Stock Report on Raymond James

Insider Activity at Raymond James

In other Raymond James news, Director Art A. Garcia purchased 879 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average cost of $112.30 per share, for a total transaction of $98,711.70. Following the completion of the purchase, the director now owns 879 shares of the company’s stock, valued at approximately $98,711.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Art A. Garcia acquired 879 shares of Raymond James stock in a transaction on Friday, February 9th. The shares were purchased at an average cost of $112.30 per share, for a total transaction of $98,711.70. Following the completion of the purchase, the director now directly owns 879 shares of the company’s stock, valued at approximately $98,711.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Jonathan N. Santelli sold 1,891 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $111.91, for a total transaction of $211,621.81. Following the completion of the sale, the executive vice president now owns 21,491 shares in the company, valued at $2,405,057.81. The disclosure for this sale can be found here. 9.74% of the stock is currently owned by corporate insiders.

Raymond James Price Performance

Shares of RJF opened at $125.40 on Wednesday. The company has a market cap of $26.21 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 1.04 and a beta of 1.04. Raymond James has a 1-year low of $82.00 and a 1-year high of $127.25. The company’s fifty day simple moving average is $117.28 and its 200 day simple moving average is $108.86. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 0.37.

Raymond James (NYSE:RJFGet Free Report) last issued its earnings results on Tuesday, January 23rd. The financial services provider reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.25 by $0.15. The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.01 billion. Raymond James had a net margin of 12.81% and a return on equity of 17.95%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.29 earnings per share. On average, research analysts forecast that Raymond James will post 9.2 earnings per share for the current fiscal year.

Raymond James Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.80 annualized dividend and a dividend yield of 1.44%. Raymond James’s dividend payout ratio (DPR) is presently 22.56%.

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.

See Also

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.