Buckhead Capital Management LLC Sells 6,673 Shares of Raymond James (NYSE:RJF)

Buckhead Capital Management LLC lessened its position in shares of Raymond James (NYSE:RJF - Free Report) by 15.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,831 shares of the financial services provider's stock after selling 6,673 shares during the period. Raymond James accounts for 1.8% of Buckhead Capital Management LLC's investment portfolio, making the stock its 16th largest position. Buckhead Capital Management LLC's holdings in Raymond James were worth $5,566,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RJF. Coldstream Capital Management Inc. boosted its position in shares of Raymond James by 1.5% in the third quarter. Coldstream Capital Management Inc. now owns 4,228 shares of the financial services provider's stock valued at $528,000 after acquiring an additional 64 shares during the period. CX Institutional increased its position 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 worth $361,000 after purchasing an additional 66 shares during the last quarter. Stablepoint Partners LLC grew its position in 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 acquiring an additional 73 shares in the last quarter. Metis Global Partners LLC raised its position in Raymond James by 1.4% during the third quarter. Metis Global Partners LLC now owns 6,115 shares of the financial services provider's stock valued at $749,000 after purchasing an additional 82 shares in the last quarter. Finally, Portside Wealth Group LLC lifted its stake in Raymond James by 3.9% during the third quarter. Portside Wealth Group LLC now owns 2,495 shares of the financial services provider's stock worth $306,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 83.83% of the company's stock.

Insiders Place Their Bets

In other Raymond James news, insider Bella Loykhter Allaire sold 1,170 shares of the stock in a transaction on Friday, November 29th. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were 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. This trade represents a 23.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 64,621 shares of company stock worth $10,729,488 over the last three months. Company insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on RJF shares. JMP Securities boosted their target price on Raymond James from $175.00 to $190.00 and gave the stock a "market outperform" rating in a research report on Thursday, January 30th. Citigroup boosted their price objective on shares of Raymond James from $145.00 to $170.00 and gave the stock a "neutral" rating in a report on Friday, January 10th. Wells Fargo & Company increased their target price 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. The Goldman Sachs Group raised shares of Raymond James from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $161.00 to $185.00 in a research note on Monday, January 6th. Finally, StockNews.com cut Raymond James from a "buy" rating to a "hold" rating in a research note on Monday, February 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's stock. Based on data from MarketBeat, Raymond James currently has a consensus rating of "Hold" and a consensus target price of $166.09.

Raymond James Trading Down 0.5 %

Shares of RJF stock traded down $0.76 during trading hours on Monday, reaching $159.63. The company's stock had a trading volume of 1,699,199 shares, compared to its average volume of 1,312,078. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. 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 $32.62 billion, a P/E ratio of 15.57, a P/E/G ratio of 0.98 and a beta of 1.03. The firm's fifty day simple moving average is $161.63 and its 200 day simple moving average is $144.19.

Raymond James (NYSE:RJF - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts expect that Raymond James will post 11.12 EPS for the current year.

Raymond James Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were paid a $0.50 dividend. 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 1.25%. The ex-dividend date was Thursday, January 2nd. Raymond James's dividend payout ratio is presently 19.51%.

Raymond James Company 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.