Raymond James (NYSE:RJF) Shares Purchased by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC increased its holdings in Raymond James (NYSE:RJF) by 129.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,296 shares of the financial services provider’s stock after buying an additional 2,421 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Raymond James were worth $667,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. TCTC Holdings LLC boosted its position in Raymond James by 176.7% during the 4th quarter. TCTC Holdings LLC now owns 166 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 106 shares during the period. Y.D. More Investments Ltd raised its position in shares of Raymond James by 121.0% during the 4th quarter. Y.D. More Investments Ltd now owns 232 shares of the financial services provider’s stock worth $36,000 after buying an additional 127 shares in the last quarter. Plato Investment Management Ltd raised its position in shares of Raymond James by 1,142.1% during the 4th quarter. Plato Investment Management Ltd now owns 236 shares of the financial services provider’s stock worth $37,000 after buying an additional 217 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Raymond James by 56.7% in the fourth quarter. Covestor Ltd now owns 337 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 122 shares in the last quarter. Finally, Mizuho Bank Ltd. bought a new stake in Raymond James during the fourth quarter worth approximately $53,000. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider James E. Bunn sold 3,650 shares of the stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $136.49, for a total value of $498,188.50. Following the transaction, the insider now owns 78,227 shares in the company, valued at approximately $10,677,203.23. This represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Raymond James from $149.00 to $143.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. JMP Securities reaffirmed a “market outperform” rating and issued a $175.00 price objective on shares of Raymond James in a research note on Thursday, April 24th. Wells Fargo & Company cut their target price on shares of Raymond James from $176.00 to $143.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. StockNews.com lowered shares of Raymond James from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, The Goldman Sachs Group cut their price objective on Raymond James from $198.00 to $173.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Eleven research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $153.82.

Raymond James Stock Down 0.0 %

NYSE:RJF opened at $145.51 on Friday. Raymond James has a 1-year low of $104.24 and a 1-year high of $174.32. The firm has a market capitalization of $29.82 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 0.90 and a beta of 1.02. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35. The business’s fifty day moving average price is $138.22 and its 200 day moving average price is $152.19.

Raymond James (NYSE:RJF) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $2.42 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.02). The business had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.46 billion. Raymond James had a net margin of 14.06% and a return on equity of 19.71%. Raymond James’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.31 EPS. On average, sell-side analysts forecast that Raymond James will post 11.17 earnings per share for the current fiscal year.

Raymond James Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Tuesday, April 1st. Raymond James’s dividend payout ratio (DPR) is currently 19.25%.

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.