Raymond James (NYSE:RJF) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its stake in shares of Raymond James (NYSE:RJF - Free Report) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 207,583 shares of the financial services provider's stock after selling 2,561 shares during the period. New York State Teachers Retirement System owned 0.10% of Raymond James worth $32,244,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Y.D. More Investments Ltd increased its position in Raymond James by 121.0% during the 4th quarter. Y.D. More Investments Ltd now owns 232 shares of the financial services provider's stock worth $36,000 after purchasing an additional 127 shares in the last quarter. Gladius Capital Management LP purchased a new stake in shares of Raymond James during the third quarter worth about $34,000. Peterson Financial Group Inc. acquired a new position in shares of Raymond James in the third quarter valued at approximately $37,000. Quarry LP lifted its stake in shares of Raymond James by 80.3% during the third quarter. Quarry LP now owns 420 shares of the financial services provider's stock valued at $51,000 after buying an additional 187 shares during the period. Finally, Eastern Bank purchased a new position in shares of Raymond James during the fourth quarter valued at approximately $68,000. 83.83% of the stock is owned by institutional investors and hedge funds.

Raymond James Stock Down 0.8 %

Shares of Raymond James stock traded down $1.31 during trading hours on Wednesday, hitting $159.61. 1,327,380 shares of the company's stock traded hands, compared to its average volume of 1,321,952. The company has a market cap of $32.71 billion, a PE ratio of 15.57, a PEG ratio of 0.93 and a beta of 1.03. Raymond James has a twelve month low of $104.24 and a twelve month high of $174.32. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.35. The stock has a 50 day simple moving average of $161.63 and a 200-day simple moving average of $144.56.

Raymond James (NYSE:RJF - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.31. Raymond James had a return on equity of 19.71% and a net margin of 14.06%. Equities research analysts anticipate that Raymond James will post 11.12 earnings per share for the current fiscal year.

Raymond James Increases Dividend

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

Insider Transactions at Raymond James

In other Raymond James news, insider Bella Loykhter Allaire sold 1,170 shares of the company'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 completion of the transaction, the insider now owns 80,421 shares in the company, valued at approximately $13,625,730.03. This represents a 1.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Tashtego S. Elwyn sold 10,000 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $5,212,755.36. This represents a 23.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 64,621 shares of company stock valued at $10,729,488. Insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on RJF shares. Morgan Stanley boosted their price target on Raymond James from $132.00 to $145.00 and gave the company an "equal weight" rating in a report on Tuesday, October 29th. Wells Fargo & Company lifted their price target on shares of Raymond James from $168.00 to $176.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. JPMorgan Chase & Co. increased their target price on Raymond James from $166.00 to $172.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. TD Cowen upped their price target on Raymond James from $128.00 to $150.00 and gave the stock a "hold" rating in a research note on Wednesday, October 30th. Finally, UBS Group raised shares of Raymond James from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Nine investment 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 company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average 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.