Bryn Mawr Capital Management LLC Invests $208,000 in Raymond James (NYSE:RJF)

Bryn Mawr Capital Management LLC purchased a new position in Raymond James (NYSE:RJF) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 122,142 shares of the financial services provider’s stock, valued at approximately $208,000.

A number of other hedge funds have also made changes to their positions in RJF. Allspring Global Investments Holdings LLC lifted its position in shares of Raymond James by 0.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 123,098 shares of the financial services provider’s stock worth $15,075,000 after purchasing an additional 493 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Raymond James by 44,291.7% in the third quarter. International Assets Investment Management LLC now owns 10,654 shares of the financial services provider’s stock worth $1,305,000 after purchasing an additional 10,630 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Raymond James by 3.3% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 28,820 shares of the financial services provider’s stock worth $3,529,000 after purchasing an additional 928 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Raymond James by 468.8% in the third quarter. Assenagon Asset Management S.A. now owns 27,576 shares of the financial services provider’s stock worth $3,377,000 after purchasing an additional 22,728 shares in the last quarter. Finally, E. Ohman J or Asset Management AB lifted its position in shares of Raymond James by 160.0% in the third quarter. E. Ohman J or Asset Management AB now owns 9,100 shares of the financial services provider’s stock worth $1,114,000 after purchasing an additional 5,600 shares in the last quarter. 83.83% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Raymond James

In other news, insider Bella Loykhter Allaire sold 1,170 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $169.43, for a total value of $198,233.10. Following the sale, the insider now owns 80,421 shares in the company, valued at approximately $13,625,730.03. This trade represents a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Paul C. Reilly sold 50,000 shares of Raymond James stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $167.30, for a total transaction of $8,365,000.00. Following the sale, the chief executive officer now owns 283,110 shares in the company, valued at $47,364,303. This represents a 15.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,621 shares of company stock worth $10,729,488. Insiders own 0.54% of the company’s stock.

Raymond James Trading Down 2.4 %

Shares of RJF stock opened at $151.34 on Friday. Raymond James has a 12 month low of $104.24 and a 12 month high of $174.32. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $161.30 and its two-hundred day moving average is $145.05. The company has a market cap of $31.01 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 0.93 and a beta of 1.03.

Raymond James (NYSE:RJF) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.31. Raymond James had a net margin of 14.06% and a return on equity of 19.71%. Equities analysts predict that Raymond James will post 11.12 EPS for the current year.

Raymond James Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.32%. Raymond James’s payout ratio is 19.51%.

Analysts Set New Price Targets

Several brokerages recently weighed in on RJF. Citigroup raised their price objective on shares of Raymond James from $145.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. TD Cowen raised their price objective on shares of Raymond James from $128.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Morgan Stanley raised their price objective on shares of Raymond James from $132.00 to $145.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. UBS Group raised shares of Raymond James from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Raymond James from $170.00 to $177.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. Nine analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $166.09.

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.