Vontobel Holding Ltd. Has $299,000 Stock Holdings in Raymond James (NYSE:RJF)

Vontobel Holding Ltd. grew its stake in Raymond James (NYSE:RJF) by 5.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,440 shares of the financial services provider’s stock after buying an additional 137 shares during the period. Vontobel Holding Ltd.’s holdings in Raymond James were worth $299,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Ballentine Partners LLC acquired a new position in shares of Raymond James in the 1st quarter valued at about $234,000. Future Financial Wealth Managment LLC bought a new position in shares of Raymond James during the 1st quarter worth approximately $33,000. Cardinal Capital Management grew its position in shares of Raymond James by 8.7% during the 1st quarter. Cardinal Capital Management now owns 30,777 shares of the financial services provider’s stock worth $3,966,000 after buying an additional 2,458 shares during the period. Avity Investment Management Inc. bought a new stake in shares of Raymond James in the 1st quarter valued at $18,548,000. Finally, Cornerstone Wealth Group LLC acquired a new position in shares of Raymond James during the 1st quarter valued at $296,000. Institutional investors and hedge funds own 83.83% of the company’s stock.

Analysts Set New Price Targets

RJF has been the subject of a number of research reports. The Goldman Sachs Group reduced their price target on shares of Raymond James from $127.00 to $125.00 and set a “neutral” rating for the company in a report on Thursday, September 26th. JPMorgan Chase & Co. reduced their target price on Raymond James from $137.00 to $135.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. TD Cowen raised their target price on Raymond James from $130.00 to $133.00 and gave the company a “hold” rating in a research note on Monday, July 8th. Wells Fargo & Company raised their target price on Raymond James from $138.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group raised their target price on Raymond James from $123.00 to $126.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $133.36.

Raymond James Price Performance

RJF stock opened at $136.18 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.99 and a current ratio of 1.02. The company has a market capitalization of $28.04 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 0.96 and a beta of 1.02. The business has a 50-day simple moving average of $122.08 and a two-hundred day simple moving average of $120.91. Raymond James has a 52-week low of $91.67 and a 52-week high of $139.40.

Raymond James (NYSE:RJF) last released its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $2.39 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the firm earned $1.85 earnings per share. Research analysts expect that Raymond James will post 9.55 EPS for the current fiscal year.

Raymond James Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were paid a $0.45 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.32%. Raymond James’s payout ratio is presently 20.29%.

Insider Activity

In related news, EVP Bella Loykhter Allaire sold 17,363 shares of Raymond James stock in a transaction 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 sale, the executive vice president now directly owns 75,586 shares in the company, valued at approximately $8,692,390. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, 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 transaction of $3,429,210.28. Following the completion of the transaction, the chief executive officer now owns 35,380 shares in the company, valued at approximately $3,879,063.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bella Loykhter Allaire sold 17,363 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 75,586 shares in the company, valued at $8,692,390. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.74% of the stock is currently owned by corporate insiders.

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.