Raymond James (NYSE:RJF) Shares Acquired by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC grew its holdings in Raymond James (NYSE:RJF) by 3.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,982 shares of the financial services provider’s stock after buying an additional 67 shares during the period. Crestwood Advisors Group LLC’s holdings in Raymond James were worth $308,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Y Intercept Hong Kong Ltd raised its position in shares of Raymond James by 57.7% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 5,966 shares of the financial services provider’s stock valued at $927,000 after buying an additional 2,183 shares during the last quarter. Access Investment Management LLC raised its position in shares of Raymond James by 0.8% in the fourth quarter. Access Investment Management LLC now owns 29,051 shares of the financial services provider’s stock valued at $4,512,000 after buying an additional 220 shares during the last quarter. New England Professional Planning Group Inc. grew its holdings in shares of Raymond James by 3.8% in the fourth quarter. New England Professional Planning Group Inc. now owns 44,606 shares of the financial services provider’s stock valued at $6,929,000 after purchasing an additional 1,648 shares during the period. Wealthspire Advisors LLC grew its holdings in shares of Raymond James by 4.1% in the fourth quarter. Wealthspire Advisors LLC now owns 6,812 shares of the financial services provider’s stock valued at $1,058,000 after purchasing an additional 266 shares during the period. Finally, Kooman & Associates purchased a new stake in shares of Raymond James in the fourth quarter valued at about $222,000. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Raymond James from $166.00 to $172.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. UBS Group raised shares of Raymond James from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. JMP Securities upped their price objective on shares of Raymond James from $175.00 to $190.00 and gave the company a “market outperform” rating in a report on Thursday, January 30th. StockNews.com lowered shares of Raymond James from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, The Goldman Sachs Group raised shares of Raymond James from a “neutral” rating to a “buy” rating and upped their price objective for the company from $161.00 to $185.00 in a report on Monday, January 6th. Nine analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $166.09.

Insider Activity

In related news, CEO Paul C. Reilly sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $167.30, for a total value of $8,365,000.00. Following the sale, the chief executive officer now owns 283,110 shares of the company’s stock, valued at $47,364,303. This trade represents a 15.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bella Loykhter Allaire sold 3,451 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $165.62, for a total transaction of $571,554.62. Following the completion of the sale, the insider now directly owns 80,421 shares in the company, valued at approximately $13,319,326.02. This trade represents a 4.11 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 64,621 shares of company stock valued at $10,729,488. 0.54% of the stock is currently owned by company insiders.

Raymond James Trading Down 0.5 %

NYSE RJF opened at $150.96 on Wednesday. The firm has a 50 day simple moving average of $160.99 and a 200-day simple moving average of $146.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.03. Raymond James has a one year low of $104.24 and a one year high of $174.32. The firm has a market cap of $30.93 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 0.90 and a beta of 1.03.

Raymond James (NYSE:RJF) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 EPS for the quarter, beating 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 research analysts anticipate that Raymond James will post 11.17 EPS for the current fiscal year.

Raymond James Announces Dividend

The firm 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%. The ex-dividend date of this dividend is Tuesday, April 1st. Raymond James’s payout ratio is 19.51%.

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.