Bank of New Hampshire Increases Stock Holdings in Raymond James (NYSE:RJF)

Bank of New Hampshire lifted its stake in Raymond James (NYSE:RJF - Free Report) by 99,290.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,939 shares of the financial services provider's stock after buying an additional 9,929 shares during the quarter. Bank of New Hampshire's holdings in Raymond James were worth $1,544,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in RJF. Wolff Wiese Magana LLC raised its stake in Raymond James by 3,960.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 203 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 198 shares during the period. Quarry LP bought a new stake in Raymond James during the 2nd quarter valued at approximately $29,000. Future Financial Wealth Managment LLC purchased a new position in Raymond James during the 3rd quarter valued at approximately $32,000. Gladius Capital Management LP purchased a new position in Raymond James during the 3rd quarter valued at approximately $34,000. Finally, Peterson Financial Group Inc. purchased a new position in Raymond James during the 3rd quarter valued at approximately $37,000. Institutional investors own 83.83% of the company's stock.

Insider Transactions at Raymond James

In related news, CEO Paul C. Reilly sold 50,000 shares of the business's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $167.30, for a total transaction of $8,365,000.00. Following the transaction, the chief executive officer now directly owns 283,110 shares in the company, valued at $47,364,303. The trade was a 15.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Tashtego S. Elwyn sold 10,000 shares of the business's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $159.47, for a total value of $1,594,700.00. Following the transaction, the insider now owns 32,688 shares in the company, valued at approximately $5,212,755.36. This trade represents a 23.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 64,621 shares of company stock valued at $10,729,488. Corporate insiders own 9.74% of the company's stock.

Raymond James Trading Down 0.7 %

RJF traded down $1.04 during trading hours on Tuesday, reaching $158.83. 1,459,127 shares of the company's stock traded hands, compared to its average volume of 996,032. The firm has a 50-day moving average price of $159.21 and a 200 day moving average price of $134.29. Raymond James has a 52-week low of $104.24 and a 52-week high of $171.38. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $32.41 billion, a PE ratio of 16.36, a PEG ratio of 0.91 and a beta of 1.02.

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

Raymond James Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.26%. This is a positive change from Raymond James's previous quarterly dividend of $0.45. The ex-dividend date is Thursday, January 2nd. Raymond James's payout ratio is presently 20.60%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RJF. Keefe, Bruyette & Woods raised their price target on Raymond James from $143.00 to $170.00 and gave the company a "market perform" rating in a report on Friday, December 20th. JPMorgan Chase & Co. restated a "neutral" rating and set a $166.00 price target (up previously from $151.00) on shares of Raymond James in a report on Tuesday. Bank of America raised 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. The Goldman Sachs Group upgraded Raymond James from a "neutral" rating to a "buy" rating and raised their price target for the company from $161.00 to $185.00 in a report on Monday. Finally, Jefferies Financial Group raised their price target on Raymond James from $123.00 to $126.00 and gave the company a "hold" rating in a report on Friday, October 4th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $152.73.

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.