5,391 Shares in Raymond James (NYSE:RJF) Acquired by Friedenthal Financial

Friedenthal Financial bought a new stake in shares of Raymond James (NYSE:RJF - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,391 shares of the financial services provider's stock, valued at approximately $837,000.

Several other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new stake in Raymond James during the 2nd quarter valued at about $708,000. Choreo LLC acquired a new stake in shares of Raymond James during the second quarter worth about $330,000. American Century Companies Inc. boosted its position in Raymond James by 2.2% in the second quarter. American Century Companies Inc. now owns 119,003 shares of the financial services provider's stock valued at $14,710,000 after buying an additional 2,531 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Raymond James by 11.0% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 37,312 shares of the financial services provider's stock worth $4,519,000 after buying an additional 3,694 shares during the period. Finally, Meeder Advisory Services Inc. purchased a new position in Raymond James during the 2nd quarter worth approximately $210,000. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Raymond James Price Performance

NYSE RJF traded up $0.02 on Monday, hitting $154.23. The company had a trading volume of 1,041,326 shares, compared to its average volume of 1,011,189. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.00. The company has a market capitalization of $31.52 billion, a PE ratio of 15.88, a PEG ratio of 0.91 and a beta of 1.02. Raymond James has a 12-month low of $104.24 and a 12-month high of $171.38. The company's fifty day moving average price is $160.21 and its 200-day moving average price is $135.54.

Raymond James (NYSE:RJF - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.54. Raymond James had a net margin of 13.86% and a return on equity of 19.30%. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the prior year, the firm earned $2.13 EPS. The company's revenue for the quarter was up 13.4% on a year-over-year basis. As a group, analysts predict that Raymond James will post 10.85 earnings per share for the current year.

Raymond James Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 2nd will be paid a $0.50 dividend. This is an increase from Raymond James's previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, January 2nd. Raymond James's dividend payout ratio is currently 20.60%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. UBS Group upgraded shares of Raymond James from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $166.00 price target (up from $151.00) on shares of Raymond James in a research report on Tuesday, January 7th. The Goldman Sachs Group raised Raymond James from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $161.00 to $185.00 in a report on Monday, January 6th. Jefferies Financial Group raised their target price on Raymond James from $123.00 to $126.00 and gave the stock a "hold" rating in a report on Friday, October 4th. Finally, Bank of America boosted their price target on Raymond James from $136.00 to $152.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Nine equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Raymond James has an average rating of "Hold" and a consensus target price of $156.18.

Insider Buying and Selling at Raymond James

In related news, insider Bella Loykhter Allaire sold 1,170 shares of Raymond James stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $169.43, for a total transaction of $198,233.10. Following the transaction, the insider now owns 80,421 shares in the company, valued at approximately $13,625,730.03. This trade represents a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Paul C. Reilly sold 50,000 shares of the company's stock in a transaction 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 completion of the sale, the chief executive officer now owns 283,110 shares of the company's stock, valued at approximately $47,364,303. The trade was a 15.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,621 shares of company stock worth $10,729,488. Corporate insiders own 9.74% of the company's stock.

Raymond James Company 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.