International Assets Investment Management LLC Has $646,000 Stock Position in Raymond James (NYSE:RJF)

International Assets Investment Management LLC lifted its stake in shares of Raymond James (NYSE:RJF) by 4,941.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,798 shares of the financial services provider’s stock after purchasing an additional 5,683 shares during the quarter. International Assets Investment Management LLC’s holdings in Raymond James were worth $646,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Oak Thistle LLC acquired a new stake in Raymond James in the third quarter valued at about $778,000. Czech National Bank increased its holdings in Raymond James by 45.5% in the third quarter. Czech National Bank now owns 32,852 shares of the financial services provider’s stock worth $3,299,000 after purchasing an additional 10,274 shares in the last quarter. Cavalier Investments LLC increased its holdings in Raymond James by 3.3% in the third quarter. Cavalier Investments LLC now owns 6,578 shares of the financial services provider’s stock worth $661,000 after purchasing an additional 209 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Raymond James by 18.3% in the third quarter. Commonwealth Equity Services LLC now owns 43,235 shares of the financial services provider’s stock worth $4,342,000 after purchasing an additional 6,694 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Raymond James by 5.1% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 45,764 shares of the financial services provider’s stock valued at $4,596,000 after acquiring an additional 2,200 shares during the period. 83.83% of the stock is owned by institutional investors and hedge funds.

Raymond James Stock Performance

Shares of RJF opened at $127.54 on Thursday. The stock’s 50-day simple moving average is $122.97 and its 200 day simple moving average is $112.28. The stock has a market capitalization of $26.66 billion, a price-to-earnings ratio of 15.98, a price-to-earnings-growth ratio of 0.88 and a beta of 1.05. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 0.99. Raymond James has a 52-week low of $82.00 and a 52-week high of $131.19.

Raymond James (NYSE:RJF) last issued its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.03. The business had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.15 billion. Raymond James had a return on equity of 17.95% and a net margin of 12.81%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.03 EPS. Research analysts forecast that Raymond James will post 9.36 EPS for the current fiscal year.

Raymond James Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.80 dividend on an annualized basis and a yield of 1.41%. Raymond James’s dividend payout ratio (DPR) is 22.56%.

Insider Buying and Selling

In related news, Director Art A. Garcia acquired 879 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average price of $112.30 per share, with a total value of $98,711.70. Following the acquisition, the director now owns 879 shares of the company’s stock, valued at approximately $98,711.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Jonathan N. Santelli sold 1,891 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $111.91, for a total transaction of $211,621.81. Following the transaction, the executive vice president now directly owns 21,491 shares in the company, valued at approximately $2,405,057.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Art A. Garcia acquired 879 shares of Raymond James stock in a transaction dated Friday, February 9th. The shares were purchased at an average price of $112.30 per share, for a total transaction of $98,711.70. Following the completion of the transaction, the director now directly owns 879 shares in the company, valued at approximately $98,711.70. The disclosure for this purchase can be found here. 9.74% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on RJF shares. Morgan Stanley raised their price objective on Raymond James from $113.00 to $123.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. 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 reissued a “neutral” rating and issued a $116.00 price objective (down previously from $125.00) on shares of Raymond James in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. raised Raymond James from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $110.00 to $135.00 in a research report on Wednesday, January 10th. Finally, TD Cowen upped their price target on Raymond James from $116.50 to $131.00 and gave the company a “market perform” rating in a research report on Friday, March 22nd. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $123.88.

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.