Signature Wealth Management Group lessened its position in Raymond James (NYSE:RJF) by 6.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,429 shares of the financial services provider’s stock after selling 463 shares during the period. Signature Wealth Management Group’s holdings in Raymond James were worth $575,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Nuveen Asset Management LLC lifted its stake in Raymond James by 119.1% during the second quarter. Nuveen Asset Management LLC now owns 1,146,700 shares of the financial services provider’s stock valued at $96,954,000 after purchasing an additional 623,322 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Raymond James in the second quarter valued at $38,700,000. Holocene Advisors LP increased its holdings in shares of Raymond James by 196.6% in the second quarter. Holocene Advisors LP now owns 254,230 shares of the financial services provider’s stock valued at $21,495,000 after buying an additional 168,526 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Raymond James by 17.7% in the third quarter. First Trust Advisors LP now owns 909,669 shares of the financial services provider’s stock valued at $75,011,000 after buying an additional 136,763 shares in the last quarter. Finally, Primecap Management Co. CA lifted its position in shares of Raymond James by 5.9% during the 2nd quarter. Primecap Management Co. CA now owns 2,159,350 shares of the financial services provider’s stock valued at $182,573,000 after acquiring an additional 119,400 shares during the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.

Several research firms have recently weighed in on RJF. Wells Fargo & Co raised their price objective on Raymond James from $92.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Morgan Stanley began coverage on Raymond James in a research report on Wednesday, November 27th. They set an “equal weight” rating and a $91.00 target price on the stock. ValuEngine raised Raymond James from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 3rd. Credit Suisse Group increased their price target on Raymond James from $106.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Citigroup decreased their price target on Raymond James from $87.00 to $86.00 and set a “neutral” rating for the company in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Raymond James currently has an average rating of “Hold” and an average price target of $96.14.

In other Raymond James news, CEO Paul D. Allison sold 1,950 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $84.50, for a total value of $164,775.00. Following the transaction, the chief executive officer now owns 41,852 shares in the company, valued at approximately $3,536,494. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider James E. Bunn sold 6,395 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $84.60, for a total transaction of $541,017.00. Following the completion of the transaction, the insider now owns 10,320 shares in the company, valued at approximately $873,072. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,890 shares of company stock valued at $4,744,333. 10.74% of the stock is currently owned by insiders.

Shares of NYSE:RJF traded down $0.19 during mid-day trading on Wednesday, hitting $93.76. The stock had a trading volume of 24,371 shares, compared to its average volume of 775,942. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.09 and a current ratio of 1.11. The company has a market cap of $12.88 billion, a PE ratio of 12.69 and a beta of 1.53. Raymond James has a 12-month low of $72.94 and a 12-month high of $94.52. The company’s 50 day moving average is $90.49 and its 200-day moving average is $84.60.

Raymond James (NYSE:RJF) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.01. Raymond James had a net margin of 12.89% and a return on equity of 16.51%. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the business posted $1.68 EPS. The company’s revenue was up 6.5% on a year-over-year basis. On average, equities research analysts predict that Raymond James will post 8.1 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd will be given a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 1.58%. Raymond James’s dividend payout ratio (DPR) is presently 20.00%.

Raymond James Company 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.

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

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