Raymond James (NYSE:RJF) Position Reduced by Graphene Investments SAS

Graphene Investments SAS cut its stake in Raymond James (NYSE:RJF - Free Report) by 20.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,500 shares of the financial services provider's stock after selling 5,400 shares during the quarter. Raymond James comprises about 2.2% of Graphene Investments SAS's holdings, making the stock its 6th biggest holding. Graphene Investments SAS's holdings in Raymond James were worth $3,184,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in RJF. Cetera Investment Advisers grew its position in shares of Raymond James by 6.3% in the 2nd quarter. Cetera Investment Advisers now owns 23,013 shares of the financial services provider's stock worth $2,845,000 after buying an additional 1,357 shares during the period. Czech National Bank grew its position in shares of Raymond James by 6.2% in the 3rd quarter. Czech National Bank now owns 37,757 shares of the financial services provider's stock worth $4,624,000 after buying an additional 2,208 shares during the period. GAMMA Investing LLC grew its position in shares of Raymond James by 11.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,495 shares of the financial services provider's stock worth $183,000 after buying an additional 153 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in shares of Raymond James in the 3rd quarter worth about $32,000. Finally, CWM LLC grew its position in shares of Raymond James by 2.8% in the 3rd quarter. CWM LLC now owns 11,853 shares of the financial services provider's stock worth $1,452,000 after buying an additional 325 shares during the period. 83.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on RJF shares. Keefe, Bruyette & Woods increased their price objective on shares of Raymond James from $170.00 to $177.00 and gave the company a "market perform" rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. increased their price objective on shares of Raymond James from $166.00 to $172.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. StockNews.com downgraded shares of Raymond James from a "buy" rating to a "hold" rating in a report on Monday. Morgan Stanley increased their price objective on shares of Raymond James from $132.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 29th. Finally, Citigroup raised their target price on shares of Raymond James from $145.00 to $170.00 and gave the stock a "neutral" rating in a research note on Friday, January 10th. Nine research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $166.09.

Insiders Place Their Bets

In other news, insider Tashtego S. Elwyn sold 10,000 shares of the business's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $159.47, for a total transaction of $1,594,700.00. Following the sale, the insider now owns 32,688 shares in the company, valued at approximately $5,212,755.36. The trade was a 23.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bella Loykhter Allaire sold 1,170 shares of the business's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $169.43, for a total value of $198,233.10. Following the sale, the insider now owns 80,421 shares in the company, valued at $13,625,730.03. The trade was a 1.43 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 64,621 shares of company stock worth $10,729,488. 0.54% of the stock is owned by corporate insiders.

Raymond James Stock Up 0.0 %

Raymond James stock traded up $0.08 during trading hours on Tuesday, reaching $162.50. The stock had a trading volume of 669,044 shares, compared to its average volume of 1,254,044. The company has a market cap of $33.21 billion, a price-to-earnings ratio of 15.83, a PEG 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. The business's 50 day moving average price is $162.00 and its 200-day moving average price is $142.59. Raymond James has a 52 week low of $104.24 and a 52 week high of $174.32.

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

Raymond James Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were issued a $0.50 dividend. The ex-dividend date was Thursday, January 2nd. This is an increase from Raymond James's previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 1.23%. Raymond James's payout ratio is currently 19.51%.

About Raymond James

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.