2,679 Shares in Raymond James (NYSE:RJF) Purchased by Choreo LLC

Choreo LLC acquired a new stake in Raymond James (NYSE:RJF) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,679 shares of the financial services provider’s stock, valued at approximately $330,000.

A number of other hedge funds also recently made changes to their positions in RJF. Ontario Teachers Pension Plan Board raised its stake in Raymond James by 4.4% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 5,635 shares of the financial services provider’s stock valued at $628,000 after acquiring an additional 240 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Raymond James by 86.2% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,421 shares of the financial services provider’s stock worth $493,000 after buying an additional 2,047 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Raymond James by 25.4% during the 4th quarter. Hsbc Holdings PLC now owns 444,597 shares of the financial services provider’s stock worth $49,603,000 after buying an additional 89,981 shares during the period. Concurrent Investment Advisors LLC grew its stake in Raymond James by 36.9% in the 1st quarter. Concurrent Investment Advisors LLC now owns 8,640 shares of the financial services provider’s stock valued at $1,109,000 after buying an additional 2,328 shares during the last quarter. Finally, Norden Group LLC lifted its position in Raymond James by 3,257.7% during the first quarter. Norden Group LLC now owns 84,949 shares of the financial services provider’s stock worth $10,908,000 after acquiring an additional 82,419 shares during the last quarter. 83.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on RJF shares. Jefferies Financial Group increased their target price on Raymond James from $122.00 to $123.00 and gave the stock a “hold” rating in a research note on Monday, July 8th. Wells Fargo & Company began coverage on Raymond James in a research report on Thursday, September 12th. They set an “overweight” rating and a $138.00 price objective on the stock. TD Cowen boosted their target price 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. Wolfe Research reaffirmed a “peer perform” rating on shares of Raymond James in a research report on Monday, July 8th. Finally, UBS Group cut their price objective on shares of Raymond James from $138.00 to $135.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $130.70.

Insider Buying and Selling

In other Raymond James news, EVP Bella Loykhter Allaire sold 17,363 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $115.00, for a total value of $1,996,745.00. Following the sale, the executive vice president now owns 75,586 shares in the company, valued at $8,692,390. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Raymond James news, EVP Bella Loykhter Allaire sold 17,363 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $115.00, for a total value of $1,996,745.00. Following the completion of the transaction, the executive vice president now directly owns 75,586 shares in the company, valued at $8,692,390. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tashtego S. Elwyn sold 31,277 shares of the business’s stock in a transaction dated 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 owns 35,380 shares in the company, valued at $3,879,063.20. The disclosure for this sale can be found here. 9.74% of the stock is owned by corporate insiders.

Raymond James Stock Up 0.8 %

Shares of RJF opened at $120.68 on Wednesday. The firm has a 50 day simple moving average of $115.20 and a two-hundred day simple moving average of $120.29. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.02 and a quick ratio of 0.99. Raymond James has a one year low of $91.67 and a one year high of $131.19. The company has a market cap of $24.85 billion, a P/E ratio of 14.59, a P/E/G ratio of 0.79 and a beta of 1.02.

Raymond James (NYSE:RJF) last posted its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $2.39 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.08. The company had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.24 billion. Raymond James had a return on equity of 18.44% and a net margin of 13.16%. Raymond James’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.85 EPS. Research analysts forecast that Raymond James will post 9.58 EPS for the current fiscal year.

Raymond James Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Tuesday, October 1st. 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.