Cwm LLC Purchases 520 Shares of Raymond James (NYSE:RJF)

Cwm LLC grew its position in Raymond James (NYSE:RJF) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,852 shares of the financial services provider’s stock after acquiring an additional 520 shares during the quarter. Cwm LLC’s holdings in Raymond James were worth $1,433,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of RJF. Oak Thistle LLC bought a new position in shares of Raymond James during the 3rd quarter worth approximately $778,000. Czech National Bank lifted its position in shares of Raymond James by 45.5% during the 3rd quarter. Czech National Bank now owns 32,852 shares of the financial services provider’s stock worth $3,299,000 after buying an additional 10,274 shares during the period. Cavalier Investments LLC lifted its position in shares of Raymond James by 3.3% during the 3rd quarter. Cavalier Investments LLC now owns 6,578 shares of the financial services provider’s stock worth $661,000 after buying an additional 209 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Raymond James by 18.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 43,235 shares of the financial services provider’s stock worth $4,342,000 after buying an additional 6,694 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Raymond James by 5.1% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 45,764 shares of the financial services provider’s stock worth $4,596,000 after buying an additional 2,200 shares during the period. Institutional investors own 83.83% of the company’s stock.

Insider Buying and Selling

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

Raymond James Stock Down 0.1 %

NYSE RJF opened at $121.86 on Friday. The stock has a fifty day moving average of $123.10 and a 200-day moving average of $112.50. The stock has a market capitalization of $25.47 billion, a P/E ratio of 14.74, a price-to-earnings-growth ratio of 0.85 and a beta of 1.05. Raymond James has a 52 week low of $82.00 and a 52 week high of $131.19. 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 (NYSE:RJF) last released its earnings results on Wednesday, April 24th. The financial services provider reported $2.31 EPS for the quarter, missing the consensus estimate of $2.32 by ($0.01). Raymond James had a net margin of 12.72% and a return on equity of 18.24%. The firm had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period last year, the business posted $2.03 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities research analysts forecast that Raymond James will post 9.45 EPS for the current year.

Raymond James Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.48%. Raymond James’s dividend payout ratio (DPR) is presently 21.77%.

Analysts Set New Price Targets

Several research firms recently commented on RJF. JPMorgan Chase & Co. upgraded 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 report on Wednesday, January 10th. Keefe, Bruyette & Woods cut their price objective on Raymond James from $132.00 to $131.00 and set a “market perform” rating for the company in a research report on Thursday. The Goldman Sachs Group reiterated a “neutral” rating and issued a $116.00 price objective (down previously from $125.00) on shares of Raymond James in a research report on Wednesday, January 3rd. Bank of America cut their price objective on Raymond James from $145.00 to $141.00 and set a “buy” rating for the company in a research report on Thursday. Finally, JMP Securities reiterated a “market perform” rating on shares of Raymond James in a research report on Tuesday, April 9th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Raymond James presently has a consensus rating of “Hold” and an average price target of $126.22.

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.