Yousif Capital Management LLC Has $2.86 Million Holdings in Raymond James (NYSE:RJF)

Yousif Capital Management LLC trimmed its holdings in Raymond James (NYSE:RJF) by 25.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 25,671 shares of the financial services provider’s stock after selling 8,957 shares during the period. Yousif Capital Management LLC’s holdings in Raymond James were worth $2,862,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Turtle Creek Wealth Advisors LLC bought a new position in Raymond James during the fourth quarter worth $30,000. Addison Advisors LLC lifted its stake in shares of Raymond James by 32.9% during the 3rd quarter. Addison Advisors LLC now owns 416 shares of the financial services provider’s stock worth $42,000 after buying an additional 103 shares during the last quarter. CVA Family Office LLC bought a new stake in shares of Raymond James during the 4th quarter worth about $50,000. Headlands Technologies LLC grew its stake in Raymond James by 139.8% in the 3rd quarter. Headlands Technologies LLC now owns 518 shares of the financial services provider’s stock valued at $52,000 after buying an additional 302 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its holdings in Raymond James by 52.5% in the 4th 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 period. 83.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RJF has been the subject of a number of research analyst reports. JMP Securities restated a “market perform” rating on shares of Raymond James in a report on Tuesday, April 9th. Jefferies Financial Group restated a “hold” rating and issued a $117.00 price target (up from $112.00) on shares of Raymond James in a research note on Tuesday, January 9th. UBS Group lowered their price objective on Raymond James from $116.00 to $115.00 and set a “neutral” rating on the stock in a research report on Thursday, January 25th. JPMorgan Chase & Co. raised shares of Raymond James from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $110.00 to $135.00 in a research report on Wednesday, January 10th. Finally, Bank of America lowered their price target on shares of Raymond James from $145.00 to $141.00 and set a “buy” rating on the stock in a research report on Thursday. Nine research 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, the stock presently has a consensus rating of “Hold” and a consensus target price of $126.22.

Raymond James Trading Down 0.1 %

Shares of Raymond James stock opened at $121.86 on Monday. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 0.37. Raymond James has a 12-month low of $82.00 and a 12-month high of $131.19. The company has a market capitalization of $25.47 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 0.85 and a beta of 1.05. The firm’s 50-day moving average price is $123.10 and its two-hundred day moving average price is $112.67.

Raymond James (NYSE:RJF) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.32 by ($0.01). Raymond James had a return on equity of 18.24% and a net margin of 12.72%. The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the prior year, the business posted $2.03 EPS. The business’s revenue was up 8.6% on a year-over-year basis. On average, analysts forecast that Raymond James will post 9.37 earnings per share for the current fiscal year.

Raymond James Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.48%. The ex-dividend date was Thursday, March 28th. Raymond James’s payout ratio is 21.77%.

Insider Transactions at Raymond James

In related news, Director Art A. Garcia bought 879 shares of the business’s stock in a transaction on 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 transaction, the director now directly owns 879 shares of the company’s stock, valued at approximately $98,711.70. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 9.74% of the company’s stock.

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.