Versor Investments LP Invests $245,000 in Raymond James (NYSE:RJF)

Versor Investments LP bought a new stake in shares of Raymond James (NYSE:RJFFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,200 shares of the financial services provider’s stock, valued at approximately $245,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Raymond James in the fourth quarter worth $30,000. Addison Advisors LLC raised its stake in shares of 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 purchased a new stake in shares of Raymond James during the fourth quarter worth about $50,000. Headlands Technologies LLC grew its stake in shares of Raymond James by 139.8% in the third quarter. Headlands Technologies LLC now owns 518 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 302 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its holdings in Raymond James by 52.5% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 558 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 192 shares during the period. Institutional investors own 83.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RJF. Bank of America cut their price target on shares of Raymond James from $145.00 to $141.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Keefe, Bruyette & Woods reduced their price target on shares of Raymond James from $132.00 to $131.00 and set a “market perform” rating on the stock in a research report on Thursday, April 25th. StockNews.com lowered shares of Raymond James from a “buy” rating to a “hold” rating in a report on Friday, February 9th. TD Cowen reduced their target price on Raymond James from $131.00 to $126.00 and set a “hold” rating on the stock in a report on Thursday, April 25th. Finally, Citigroup raised their target price on Raymond James from $112.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $126.22.

Read Our Latest Stock Report on Raymond James

Raymond James Stock Performance

Shares of RJF stock opened at $127.30 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.98 and a current ratio of 1.01. The company has a market capitalization of $26.39 billion, a price-to-earnings ratio of 15.39, a price-to-earnings-growth ratio of 0.85 and a beta of 1.03. Raymond James has a one year low of $85.66 and a one year high of $131.19. The company’s 50-day moving average is $124.54 and its 200 day moving average is $115.09.

Raymond James (NYSE:RJFGet Free Report) last released its quarterly earnings data 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). The business had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.15 billion. Raymond James had a net margin of 12.72% and a return on equity of 17.94%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $2.03 earnings per share. Sell-side analysts expect that Raymond James will post 9.56 EPS for the current fiscal 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 of this dividend was Thursday, March 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.41%. Raymond James’s dividend payout ratio (DPR) is presently 21.77%.

Insider Buying and Selling

In related news, insider James E. Bunn sold 11,095 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $124.44, for a total value of $1,380,661.80. Following the sale, the insider now directly owns 46,977 shares of the company’s stock, valued at approximately $5,845,817.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Raymond James news, insider James E. Bunn sold 11,095 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $124.44, for a total value of $1,380,661.80. Following the completion of the sale, the insider now directly owns 46,977 shares in the company, valued at approximately $5,845,817.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Steven M. Raney sold 4,174 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $121.01, for a total transaction of $505,095.74. Following the completion of the sale, the chief executive officer now directly owns 51,009 shares of the company’s stock, valued at $6,172,599.09. The disclosure for this sale can be found here. 9.74% of the stock is currently owned by insiders.

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.

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Institutional Ownership by Quarter for Raymond James (NYSE:RJF)

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