Mirae Asset Global Investments Co. Ltd. Grows Holdings in Raymond James (NYSE:RJF)

Mirae Asset Global Investments Co. Ltd. grew its position in shares of Raymond James (NYSE:RJF - Free Report) by 22.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,852 shares of the financial services provider's stock after buying an additional 3,698 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Raymond James were worth $3,108,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of RJF. CWM LLC increased its position in shares of Raymond James by 2.8% in the third quarter. CWM LLC now owns 11,853 shares of the financial services provider's stock worth $1,452,000 after purchasing an additional 325 shares during the period. Wedmont Private Capital boosted its holdings in shares of Raymond James by 5.1% during the 3rd quarter. Wedmont Private Capital now owns 1,769 shares of the financial services provider's stock valued at $222,000 after acquiring an additional 86 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Raymond James by 50.7% during the third quarter. UMB Bank n.a. now owns 618 shares of the financial services provider's stock valued at $76,000 after purchasing an additional 208 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Raymond James by 474.1% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,332 shares of the financial services provider's stock worth $163,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Raymond James in the third quarter worth $315,000. Institutional investors and hedge funds own 83.83% of the company's stock.

Insider Buying and Selling at Raymond James

In other Raymond James news, insider Bella Loykhter Allaire sold 1,170 shares of the business's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $169.43, for a total value of $198,233.10. Following the transaction, the insider now owns 80,421 shares in the company, valued at approximately $13,625,730.03. The trade was a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Paul C. Reilly sold 50,000 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were 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 of the company's stock, valued at approximately $47,364,303. This trade represents a 15.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 64,621 shares of company stock worth $10,729,488. 0.54% of the stock is currently owned by insiders.

Raymond James Price Performance

NYSE RJF traded down $0.76 during trading on Thursday, reaching $160.34. The company's stock had a trading volume of 1,560,433 shares, compared to its average volume of 1,299,746. The firm has a fifty day moving average of $161.75 and a 200 day moving average of $143.16. Raymond James has a one year low of $104.24 and a one year high of $174.32. The stock has a market capitalization of $32.77 billion, a PE ratio of 15.64, a P/E/G ratio of 0.98 and a beta of 1.03. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.00.

Raymond James (NYSE:RJF - Get Free Report) last released its earnings results on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share for the quarter, topping analysts' consensus estimates of $2.62 by $0.31. Raymond James had a return on equity of 19.99% and a net margin of 14.06%. Analysts expect that Raymond James will post 11.12 EPS for the current fiscal year.

Raymond James Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were paid a $0.50 dividend. This is a boost from Raymond James's previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Thursday, January 2nd. Raymond James's payout ratio is 19.51%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Raymond James from $170.00 to $177.00 and gave the stock a "market perform" rating in a research report on Thursday, January 30th. The Goldman Sachs Group upgraded Raymond James from a "neutral" rating to a "buy" rating and increased their price target for the stock from $161.00 to $185.00 in a report on Monday, January 6th. StockNews.com lowered Raymond James from a "buy" rating to a "hold" rating in a research report on Monday. Wells Fargo & Company raised their target price on Raymond James from $168.00 to $176.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Finally, UBS Group raised Raymond James from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Nine research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $166.09.

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.