Raymond James (NYSE:RJF) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. decreased its position in shares of Raymond James (NYSE:RJF) by 2.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,300 shares of the financial services provider’s stock after selling 2,300 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Raymond James were worth $9,679,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of RJF. Gilliland Jeter Wealth Management LLC raised its stake in shares of Raymond James by 1.6% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 6,237 shares of the financial services provider’s stock valued at $771,000 after acquiring an additional 96 shares during the period. Family Firm Inc. purchased a new stake in Raymond James in the second quarter valued at approximately $69,000. New York State Teachers Retirement System lifted its stake in Raymond James by 4.6% during the second quarter. New York State Teachers Retirement System now owns 224,518 shares of the financial services provider’s stock worth $27,753,000 after purchasing an additional 9,852 shares in the last quarter. &PARTNERS purchased a new position in shares of Raymond James during the second quarter worth $314,000. Finally, Blue Trust Inc. boosted its position in shares of Raymond James by 31.0% during the second quarter. Blue Trust Inc. now owns 3,510 shares of the financial services provider’s stock worth $451,000 after buying an additional 830 shares during the period. Institutional investors and hedge funds own 83.83% of the company’s stock.

Insider Activity

In related news, CEO Tashtego S. Elwyn sold 31,277 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $109.64, for a total transaction of $3,429,210.28. Following the completion of the sale, the chief executive officer now owns 35,380 shares in the company, valued at approximately $3,879,063.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Bella Loykhter Allaire sold 17,363 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $115.00, for a total transaction of $1,996,745.00. Following the completion of the sale, the executive vice president now owns 75,586 shares in the company, valued at $8,692,390. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tashtego S. Elwyn sold 31,277 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $109.64, for a total value of $3,429,210.28. Following the sale, the chief executive officer now directly owns 35,380 shares of the company’s stock, valued at $3,879,063.20. The disclosure for this sale can be found here. Corporate insiders own 9.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wolfe Research reiterated a “peer perform” rating on shares of Raymond James in a report on Monday, July 8th. Jefferies Financial Group increased their price target on shares of Raymond James from $122.00 to $123.00 and gave the stock a “hold” rating in a research report on Monday, July 8th. JPMorgan Chase & Co. lowered their price objective on shares of Raymond James from $137.00 to $135.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. UBS Group cut their target price on shares of Raymond James from $138.00 to $135.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Finally, TD Cowen raised their price target on shares of Raymond James from $130.00 to $133.00 and gave the company a “hold” rating in a research report on Monday, July 8th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $129.89.

Raymond James Price Performance

Shares of NYSE RJF opened at $116.79 on Monday. The stock’s 50-day simple moving average is $116.08 and its 200-day simple moving average is $120.25. The firm has a market capitalization of $24.05 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 0.79 and a beta of 1.02. Raymond James has a fifty-two week low of $91.67 and a fifty-two week high of $131.19. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.99 and a current ratio of 1.02.

Raymond James (NYSE:RJF) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $2.39 EPS for the quarter, beating the consensus estimate of $2.31 by $0.08. The company had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.24 billion. Raymond James had a net margin of 13.16% and a return on equity of 18.44%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.85 earnings per share. As a group, equities research analysts forecast that Raymond James will post 9.57 EPS for the current fiscal year.

Raymond James Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.54%. Raymond James’s dividend payout ratio (DPR) is presently 21.77%.

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.