Raymond James (NYSE:RJF) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. cut its stake in Raymond James (NYSE:RJF) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 97,300 shares of the financial services provider’s stock after selling 200 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Raymond James were worth $10,849,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in shares of Raymond James by 80.5% in the 1st quarter. Wellington Management Group LLP now owns 5,629,875 shares of the financial services provider’s stock valued at $618,780,000 after purchasing an additional 2,510,966 shares during the last quarter. Norges Bank purchased a new stake in Raymond James during the fourth quarter valued at about $206,765,000. JPMorgan Chase & Co. increased its stake in Raymond James by 26.7% during the first quarter. JPMorgan Chase & Co. now owns 6,876,054 shares of the financial services provider’s stock worth $641,330,000 after acquiring an additional 1,448,047 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Raymond James by 214.5% in the 1st quarter. Thrivent Financial for Lutherans now owns 1,141,564 shares of the financial services provider’s stock worth $106,474,000 after purchasing an additional 778,644 shares during the period. Finally, Morgan Stanley lifted its stake in shares of Raymond James by 35.1% in the 4th quarter. Morgan Stanley now owns 2,278,272 shares of the financial services provider’s stock valued at $243,433,000 after purchasing an additional 591,327 shares in the last quarter. 83.83% of the stock is currently owned by hedge funds and other institutional investors.

Raymond James Price Performance

RJF stock opened at $122.55 on Monday. The stock’s 50 day moving average is $121.33 and its two-hundred day moving average is $110.95. Raymond James has a 52-week low of $82.00 and a 52-week high of $131.19. The company has a market capitalization of $25.62 billion, a PE ratio of 15.36, a P/E/G ratio of 0.86 and a beta of 1.05. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 0.37.

Raymond James (NYSE:RJF) last posted its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.15. Raymond James had a net margin of 12.81% and a return on equity of 17.95%. The firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3.01 billion. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.29 earnings per share. Analysts predict that Raymond James will post 9.36 earnings per share for the current fiscal year.

Raymond James Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be paid a $0.45 dividend. The ex-dividend date is Thursday, March 28th. This represents a $1.80 dividend on an annualized basis and a yield of 1.47%. Raymond James’s dividend payout ratio (DPR) is 22.56%.

Wall Street Analyst Weigh In

Several research analysts recently commented on RJF shares. JMP Securities restated a “market perform” rating on shares of Raymond James in a report on Tuesday, April 9th. Citigroup upped their price target on shares of Raymond James from $112.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday. UBS Group cut their price objective on Raymond James from $116.00 to $115.00 and set a “neutral” rating on the stock in a research report on Thursday, January 25th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $116.00 target price (down previously from $125.00) on shares of Raymond James in a research report on Wednesday, January 3rd. Finally, StockNews.com downgraded Raymond James from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $123.88.

Insider Activity at Raymond James

In other news, Director Art A. Garcia bought 879 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $112.30 per share, for a total transaction of $98,711.70. Following the transaction, the director now owns 879 shares in the company, valued at $98,711.70. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Jonathan N. Santelli sold 1,891 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 21,491 shares of the company’s stock, valued at approximately $2,405,057.81. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Art A. Garcia bought 879 shares of the business’s stock in a transaction on Friday, February 9th. The stock was acquired at an average cost of $112.30 per share, for a total transaction of $98,711.70. Following the acquisition, the director now directly owns 879 shares of the company’s stock, valued at $98,711.70. The disclosure for this purchase can be found here. 9.74% of the stock is owned by corporate insiders.

About Raymond James

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.