Sequoia Financial Advisors LLC Acquires Shares of 2,942 Raymond James (NYSE:RJF)

Sequoia Financial Advisors LLC bought a new position in shares of Raymond James (NYSE:RJF) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,942 shares of the financial services provider’s stock, valued at approximately $328,000.

A number of other large investors have also modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its stake in Raymond James by 3.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,419 shares of the financial services provider’s stock valued at $365,000 after acquiring an additional 100 shares in the last quarter. Addison Advisors LLC grew its position in shares of Raymond James by 32.9% in the third quarter. Addison Advisors LLC now owns 416 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 103 shares in the last quarter. SVB Wealth LLC increased its holdings in shares of Raymond James by 5.6% in the third quarter. SVB Wealth LLC now owns 2,046 shares of the financial services provider’s stock valued at $206,000 after purchasing an additional 108 shares during the last quarter. Great Valley Advisor Group Inc. lifted its position in Raymond James by 3.2% during the third quarter. Great Valley Advisor Group Inc. now owns 3,855 shares of the financial services provider’s stock worth $387,000 after buying an additional 118 shares in the last quarter. Finally, Greenleaf Trust grew its holdings in Raymond James by 3.3% in the 3rd quarter. Greenleaf Trust now owns 3,683 shares of the financial services provider’s stock valued at $370,000 after buying an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Raymond James Stock Up 0.0 %

Raymond James stock opened at $121.96 on Friday. The company has a market capitalization of $25.49 billion, a PE ratio of 15.28, a price-to-earnings-growth ratio of 0.86 and a beta of 1.05. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 0.99. Raymond James has a fifty-two week low of $82.00 and a fifty-two week high of $131.19. The firm has a 50 day moving average price of $122.16 and a 200 day moving average price of $111.40.

Raymond James (NYSE:RJF) last released its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $2.40 EPS for the quarter, topping the consensus estimate of $2.25 by $0.15. Raymond James had a return on equity of 17.95% and a net margin of 12.81%. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period last year, the business posted $2.29 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Research analysts expect that Raymond James will post 9.36 earnings per share for the current year.

Raymond James Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.80 annualized dividend and a dividend yield of 1.48%. Raymond James’s dividend payout ratio is presently 22.56%.

Insider Activity

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RJF. Jefferies Financial Group reissued a “hold” rating and set a $117.00 price target (up previously from $112.00) on shares of Raymond James in a research report on Tuesday, January 9th. Morgan Stanley boosted their target price on shares of Raymond James from $113.00 to $123.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. TD Cowen raised their price target on shares of Raymond James from $116.50 to $131.00 and gave the stock a “market perform” rating in a report on Friday, March 22nd. UBS Group decreased their price objective on Raymond James from $116.00 to $115.00 and set a “neutral” rating on the stock in a report on Thursday, January 25th. Finally, JPMorgan Chase & Co. raised Raymond James from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $110.00 to $135.00 in a research note on Wednesday, January 10th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $123.88.

Raymond James Company 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.