Metis Global Partners LLC Sells 849 Shares of Raymond James (NYSE:RJF)

Metis Global Partners LLC lessened its holdings in shares of Raymond James (NYSE:RJF) by 12.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,222 shares of the financial services provider’s stock after selling 849 shares during the period. Metis Global Partners LLC’s holdings in Raymond James were worth $694,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of RJF. American Century Companies Inc. grew its position in Raymond James by 26.0% in the 3rd quarter. American Century Companies Inc. now owns 165,966 shares of the financial services provider’s stock valued at $16,668,000 after acquiring an additional 34,200 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Raymond James by 29.9% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 335,385 shares of the financial services provider’s stock worth $37,395,000 after purchasing an additional 77,263 shares during the last quarter. Intrust Bank NA increased its stake in Raymond James by 4.5% in the 4th quarter. Intrust Bank NA now owns 4,968 shares of the financial services provider’s stock worth $554,000 after buying an additional 213 shares during the period. Banque Cantonale Vaudoise lifted its holdings in Raymond James by 13.3% during the 3rd quarter. Banque Cantonale Vaudoise now owns 2,718 shares of the financial services provider’s stock valued at $273,000 after buying an additional 318 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in Raymond James by 6.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 17,536 shares of the financial services provider’s stock valued at $1,955,000 after buying an additional 997 shares during the period. Institutional investors own 83.83% of the company’s stock.

Wall Street Analysts Forecast Growth

RJF has been the topic of a number of research reports. JMP Securities reaffirmed a “market perform” rating on shares of Raymond James in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods lowered their target price on Raymond James from $132.00 to $131.00 and set a “market perform” rating for the company in a report on Thursday, April 25th. Citigroup raised their price target on Raymond James from $112.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Bank of America lowered their price objective on shares of Raymond James from $145.00 to $141.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Finally, UBS Group reduced their price target on shares of Raymond James from $116.00 to $115.00 and set a “neutral” rating for the company in a report on Thursday, January 25th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $126.22.

Insider Buying and Selling

In other Raymond James news, insider James E. Bunn sold 11,095 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $124.44, for a total transaction of $1,380,661.80. Following the transaction, the insider now owns 46,977 shares in the company, valued at approximately $5,845,817.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider James E. Bunn sold 11,095 shares of Raymond James stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $124.44, for a total transaction of $1,380,661.80. Following the completion of the sale, the insider now owns 46,977 shares of the company’s stock, valued at $5,845,817.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Steven M. Raney sold 4,174 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $121.01, for a total transaction of $505,095.74. Following the transaction, the chief executive officer now directly owns 51,009 shares of the company’s stock, valued at $6,172,599.09. The disclosure for this sale can be found here. 9.74% of the stock is owned by company insiders.

Raymond James Trading Down 0.2 %

NYSE RJF opened at $125.16 on Friday. The firm has a market cap of $26.16 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 0.85 and a beta of 1.03. Raymond James has a 52 week low of $84.06 and a 52 week high of $131.19. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average price of $124.10 and a 200 day moving average price of $114.05.

Raymond James (NYSE:RJF) last issued its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $2.31 EPS for the quarter, missing the consensus estimate of $2.32 by ($0.01). Raymond James had a net margin of 12.72% and a return on equity of 18.24%. The business had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the prior year, the company posted $2.03 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, sell-side analysts forecast that Raymond James will post 9.56 EPS for the current fiscal year.

Raymond James Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Thursday, March 28th. Raymond James’s payout ratio is currently 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.