RFG Bristol Wealth Advisors LLC Takes $1.52 Million Position in Raymond James (NYSE:RJF)

RFG Bristol Wealth Advisors LLC bought a new stake in Raymond James (NYSE:RJF - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 9,796 shares of the financial services provider's stock, valued at approximately $1,522,000.

A number of other institutional investors have also made changes to their positions in the business. Coldstream Capital Management Inc. lifted its stake in Raymond James by 1.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,228 shares of the financial services provider's stock valued at $528,000 after purchasing an additional 64 shares during the last quarter. CX Institutional grew its stake in shares of Raymond James by 2.9% in the fourth quarter. CX Institutional now owns 2,323 shares of the financial services provider's stock valued at $361,000 after acquiring an additional 66 shares in the last quarter. Crestwood Advisors Group LLC grew its position in shares of Raymond James by 3.5% during the 4th quarter. Crestwood Advisors Group LLC now owns 1,982 shares of the financial services provider's stock worth $308,000 after purchasing an additional 67 shares in the last quarter. Stablepoint Partners LLC increased its position in shares of Raymond James by 0.5% in the fourth quarter. Stablepoint Partners LLC now owns 14,651 shares of the financial services provider's stock worth $2,276,000 after purchasing an additional 73 shares during the period. Finally, Keybank National Association OH boosted its position in shares of Raymond James by 0.7% during the 4th quarter. Keybank National Association OH now owns 11,248 shares of the financial services provider's stock worth $1,747,000 after acquiring an additional 76 shares in the last quarter. Institutional investors own 83.83% of the company's stock.

Remove Ads

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Bank of America lifted their price target on shares of Raymond James from $198.00 to $201.00 and gave the company a "buy" rating in a report on Thursday, January 30th. The Goldman Sachs Group decreased their price target on Raymond James from $198.00 to $173.00 and set a "buy" rating for the company in a research note on Thursday. StockNews.com downgraded shares of Raymond James from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. JPMorgan Chase & Co. lifted their target price on Raymond James from $166.00 to $172.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Finally, Citigroup dropped their price objective on shares of Raymond James from $180.00 to $150.00 and set a "neutral" rating on the stock in a report on Wednesday. Nine investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $164.64.

Raymond James Stock Down 8.3 %

Shares of RJF traded down $11.71 during trading hours on Thursday, reaching $130.18. 2,127,779 shares of the stock traded hands, compared to its average volume of 1,248,374. Raymond James has a 52 week low of $104.24 and a 52 week high of $174.32. The stock has a fifty day simple moving average of $152.41 and a 200 day simple moving average of $150.76. The company has a market cap of $26.68 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 0.90 and a beta of 1.04. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35.

Raymond James (NYSE:RJF - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.31. Raymond James had a net margin of 14.06% and a return on equity of 19.71%. On average, equities analysts forecast that Raymond James will post 11.17 EPS for the current year.

Raymond James Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Tuesday, April 1st. Raymond James's dividend payout ratio (DPR) is currently 19.51%.

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.