Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 4,530 Shares of Raymond James (NYSE:RJF)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Raymond James (NYSE:RJFFree Report) by 13.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 37,792 shares of the financial services provider’s stock after purchasing an additional 4,530 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Raymond James were worth $3,795,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. OLD Point Trust & Financial Services N A bought a new stake in Raymond James during the second quarter worth $31,000. RFP Financial Group LLC boosted its holdings in shares of Raymond James by 160.5% in the 2nd quarter. RFP Financial Group LLC now owns 323 shares of the financial services provider’s stock worth $34,000 after buying an additional 199 shares during the last quarter. Covestor Ltd grew its position in Raymond James by 77.1% during the first quarter. Covestor Ltd now owns 317 shares of the financial services provider’s stock valued at $35,000 after buying an additional 138 shares during the period. Clear Street Markets LLC increased its holdings in Raymond James by 95.9% during the first quarter. Clear Street Markets LLC now owns 382 shares of the financial services provider’s stock worth $36,000 after buying an additional 187 shares during the last quarter. Finally, Addison Advisors LLC raised its position in Raymond James by 32.9% in the third quarter. Addison Advisors LLC now owns 416 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 103 shares during the period. Institutional investors own 75.00% of the company’s stock.

Raymond James Price Performance

NYSE:RJF opened at $117.03 on Tuesday. Raymond James has a 52-week low of $82.00 and a 52-week high of $117.86. The stock has a fifty day moving average of $111.06 and a 200 day moving average of $105.73. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 0.99. The firm has a market capitalization of $24.46 billion, a price-to-earnings ratio of 14.67, a P/E/G ratio of 0.95 and a beta of 1.03.

Raymond James (NYSE:RJFGet Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.15. The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.01 billion. Raymond James had a net margin of 12.81% and a return on equity of 17.95%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.29 EPS. On average, research analysts expect that Raymond James will post 9.15 EPS for the current fiscal year.

Raymond James Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd were issued a $0.45 dividend. The ex-dividend date was Friday, December 29th. This represents a $1.80 annualized dividend and a dividend yield of 1.54%. This is an increase from Raymond James’s previous quarterly dividend of $0.42. Raymond James’s payout ratio is currently 22.56%.

Insider Activity

In other news, EVP Jonathan N. Santelli sold 1,891 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $111.91, for a total value of $211,621.81. Following the transaction, the executive vice president now owns 21,491 shares in the company, valued at $2,405,057.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Raymond James news, EVP Jonathan N. Santelli sold 1,891 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $111.91, for a total transaction of $211,621.81. Following the completion of the transaction, the executive vice president now owns 21,491 shares of the company’s stock, valued at $2,405,057.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider George Catanese sold 3,866 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $106.75, for a total transaction of $412,695.50. Following the sale, the insider now owns 11,712 shares of the company’s stock, valued at $1,250,256. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,687 shares of company stock valued at $727,008. Insiders own 9.74% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on RJF shares. UBS Group decreased their price target on shares of Raymond James from $116.00 to $115.00 and set a “neutral” rating for the company in a research note on Thursday, January 25th. TD Cowen assumed coverage on Raymond James in a research note on Thursday, January 4th. They issued a “market perform” rating and a $121.00 target price on the stock. Morgan Stanley increased their price target on Raymond James from $106.00 to $113.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. The Goldman Sachs Group restated a “neutral” rating and issued a $116.00 price objective (down from $125.00) on shares of Raymond James in a research note on Wednesday, January 3rd. Finally, StockNews.com lowered shares of Raymond James from a “buy” rating to a “hold” rating in a research report on Friday. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $119.25.

View Our Latest Analysis on Raymond James

Raymond James Profile

(Free Report)

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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