Daiwa Securities Group Inc. Acquires 997 Shares of Raymond James (NYSE:RJF)

Daiwa Securities Group Inc. increased its holdings in Raymond James (NYSE:RJF) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,536 shares of the financial services provider’s stock after purchasing an additional 997 shares during the period. Daiwa Securities Group Inc.’s holdings in Raymond James were worth $1,955,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Turtle Creek Wealth Advisors LLC bought a new position in Raymond James during the fourth quarter valued at $30,000. Addison Advisors LLC increased its position in Raymond James by 32.9% during the third quarter. Addison Advisors LLC now owns 416 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 103 shares during the last quarter. CVA Family Office LLC bought a new position in Raymond James during the fourth quarter valued at $50,000. Headlands Technologies LLC increased its position in Raymond James by 139.8% during the third quarter. Headlands Technologies LLC now owns 518 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 302 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in Raymond James by 52.5% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 558 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 192 shares during the last quarter. Institutional investors own 83.83% of the company’s stock.

Insider Buying and Selling at Raymond James

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

Raymond James Stock Up 1.5 %

NYSE:RJF opened at $125.48 on Tuesday. The firm has a market cap of $26.23 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 0.87 and a beta of 1.05. The company has a 50-day moving average of $122.50 and a 200 day moving average of $111.97. Raymond James has a 1-year low of $82.00 and a 1-year high of $131.19. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.99 and a quick ratio of 0.97.

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, beating the consensus estimate of $2.25 by $0.15. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.01 billion. Raymond James had a net margin of 12.81% and a return on equity of 17.95%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.29 earnings per share. As a group, research analysts anticipate that Raymond James will post 9.36 EPS for the current fiscal year.

Raymond James Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Thursday, March 28th. Raymond James’s payout ratio is 22.56%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Citigroup boosted their price objective on shares of Raymond James from $112.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. JMP Securities reissued a “market perform” rating on shares of Raymond James in a research note on Tuesday, April 9th. UBS Group lowered 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 note on Thursday, January 25th. 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 research note on Tuesday, April 9th. Finally, TD Cowen boosted their target price on shares of Raymond James from $116.50 to $131.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $123.88.

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.