Mutual of America Capital Management LLC Sells 1,139 Shares of Raymond James (NYSE:RJF)

Mutual of America Capital Management LLC lowered its stake in shares of Raymond James (NYSE:RJF) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,367 shares of the financial services provider’s stock after selling 1,139 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Raymond James were worth $4,001,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of RJF. Smithfield Trust Co increased its position in Raymond James by 105.0% during the first quarter. Smithfield Trust Co now owns 246 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 126 shares during the period. Covestor Ltd increased its position in Raymond James by 77.0% during the first quarter. Covestor Ltd now owns 239 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 104 shares during the period. OLD Point Trust & Financial Services N A bought a new position in Raymond James during the fourth quarter worth $33,000. Future Financial Wealth Managment LLC bought a new stake in Raymond James in the 1st quarter valued at $33,000. Finally, FinTrust Capital Advisors LLC increased its holdings in Raymond James by 46.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 429 shares of the financial services provider’s stock valued at $55,000 after buying an additional 137 shares during the period. Institutional investors own 83.83% of the company’s stock.

Analyst Ratings Changes

RJF has been the topic of several analyst reports. TD Cowen boosted their price target on shares of Raymond James from $130.00 to $133.00 and gave the company a “hold” rating in a report on Monday, July 8th. Wells Fargo & Company initiated coverage on shares of Raymond James in a report on Thursday, September 12th. They issued an “overweight” rating and a $138.00 price target on the stock. Wolfe Research reissued a “peer perform” rating on shares of Raymond James in a report on Monday, July 8th. JPMorgan Chase & Co. lowered their price target on shares of Raymond James from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Finally, Jefferies Financial Group boosted their price target on shares of Raymond James from $122.00 to $123.00 and gave the company a “hold” rating in a report on Monday, July 8th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Raymond James has an average rating of “Hold” and a consensus target price of $130.70.

Raymond James Stock Up 0.2 %

Shares of NYSE RJF opened at $124.31 on Monday. The firm’s 50-day simple moving average is $115.40 and its 200 day simple moving average is $120.33. The company has a market cap of $25.60 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 0.81 and a beta of 1.02. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.41. Raymond James has a 12-month low of $91.67 and a 12-month high of $131.19.

Raymond James (NYSE:RJF) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.08. The business had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.24 billion. Raymond James had a net margin of 13.16% and a return on equity of 18.44%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.85 EPS. On average, research analysts expect that Raymond James will post 9.58 earnings per share 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 given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 1.45%. Raymond James’s dividend payout ratio (DPR) is 21.77%.

Insider Buying and Selling

In other Raymond James news, EVP Bella Loykhter Allaire sold 17,363 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $115.00, for a total transaction of $1,996,745.00. Following the transaction, the executive vice president now directly owns 75,586 shares in the company, valued at approximately $8,692,390. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Raymond James news, EVP Bella Loykhter Allaire sold 17,363 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $115.00, for a total transaction of $1,996,745.00. Following the transaction, the executive vice president now directly owns 75,586 shares in the company, valued at approximately $8,692,390. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Tashtego S. Elwyn sold 31,277 shares of the company’s stock in a transaction dated 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 transaction, 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 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.