Public Employees Retirement System of Ohio Has $10.71 Million Stake in Raymond James (NYSE:RJF)

Public Employees Retirement System of Ohio reduced its holdings in Raymond James (NYSE:RJF - Free Report) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 87,446 shares of the financial services provider's stock after selling 4,636 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Raymond James were worth $10,709,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Wolff Wiese Magana LLC increased its position in Raymond James by 3,960.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 203 shares of the financial services provider's stock worth $25,000 after buying an additional 198 shares during the period. Quarry LP bought a new position in Raymond James during the second quarter worth $29,000. Future Financial Wealth Managment LLC bought a new stake in Raymond James in the 3rd quarter valued at $32,000. Gladius Capital Management LP acquired a new stake in Raymond James in the 3rd quarter worth $34,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of Raymond James during the third quarter valued at about $37,000. 83.83% of the stock is currently owned by institutional investors.

Raymond James Price Performance

Raymond James stock traded down $1.14 during trading hours on Thursday, hitting $160.37. 822,763 shares of the stock were exchanged, compared to its average volume of 1,137,768. Raymond James has a 12 month low of $104.24 and a 12 month high of $171.38. The business's 50-day moving average is $151.07 and its two-hundred day moving average is $129.56. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.02. The stock has a market capitalization of $32.72 billion, a P/E ratio of 16.58, a P/E/G ratio of 0.95 and a beta of 1.00.

Raymond James (NYSE:RJF - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $2.95 EPS for the quarter, topping analysts' consensus estimates of $2.41 by $0.54. Raymond James had a return on equity of 19.30% and a net margin of 13.86%. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period in the prior year, the company earned $2.13 EPS. Raymond James's revenue for the quarter was up 13.4% on a year-over-year basis. Equities research analysts expect that Raymond James will post 10.83 EPS for the current fiscal year.

Raymond James Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 2nd will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.25%. This is a boost from Raymond James's previous quarterly dividend of $0.45. The ex-dividend date is Thursday, January 2nd. Raymond James's payout ratio is currently 20.60%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on RJF shares. JMP Securities boosted their price target on Raymond James from $146.00 to $150.00 and gave the company a "market outperform" rating in a research note on Thursday, October 24th. The Goldman Sachs Group raised their target price on Raymond James from $125.00 to $142.00 and gave the stock a "neutral" rating in a research report on Thursday, October 24th. Wells Fargo & Company reissued an "equal weight" rating and issued a $169.00 price target (up previously from $152.00) on shares of Raymond James in a report on Thursday. TD Cowen raised their price objective on shares of Raymond James from $128.00 to $150.00 and gave the stock a "hold" rating in a report on Wednesday, October 30th. Finally, Morgan Stanley lifted their target price on shares of Raymond James from $132.00 to $145.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 29th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $142.45.

Insider Buying and Selling

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 transaction of $198,233.10. Following the transaction, the insider now directly 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 SEC, which is accessible through this hyperlink. Also, CEO Paul C. Reilly sold 50,000 shares of the firm'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 completion of the transaction, the chief executive officer now directly owns 283,110 shares in the company, valued at $47,364,303. This trade represents a 15.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,621 shares of company stock worth $9,134,788 in the last 90 days. Corporate insiders own 9.74% of the company's stock.

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.