Rhumbline Advisers Has $51.63 Million Holdings in Raymond James (NYSE:RJF)

Rhumbline Advisers decreased its holdings in Raymond James (NYSE:RJF - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 332,368 shares of the financial services provider's stock after selling 9,735 shares during the quarter. Rhumbline Advisers owned 0.16% of Raymond James worth $51,627,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Y.D. More Investments Ltd grew its position in Raymond James by 121.0% in the fourth quarter. Y.D. More Investments Ltd now owns 232 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 127 shares during the period. Gladius Capital Management LP acquired a new stake in shares of Raymond James in the 3rd quarter valued at $34,000. Peterson Financial Group Inc. bought a new stake in shares of Raymond James in the 3rd quarter worth about $37,000. Quarry LP increased its position in shares of Raymond James by 80.3% during the 3rd quarter. Quarry LP now owns 420 shares of the financial services provider's stock worth $51,000 after purchasing an additional 187 shares in the last quarter. Finally, Eastern Bank bought a new position in Raymond James during the 4th quarter valued at about $68,000. 83.83% of the stock is owned by institutional investors.

Insider Buying and Selling at Raymond James

In other Raymond James news, insider Bella Loykhter Allaire sold 1,170 shares of the company's stock in a transaction that occurred on 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 sale, the insider now owns 80,421 shares of the company's stock, valued at approximately $13,625,730.03. This represents a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Paul C. Reilly sold 50,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $167.30, for a total transaction of $8,365,000.00. Following the completion of the sale, the chief executive officer now owns 283,110 shares in the company, 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 quarter, insiders have sold 64,621 shares of company stock valued at $10,729,488. 0.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. UBS Group raised shares of Raymond James from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Bank of America increased their price target on Raymond James from $198.00 to $201.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Keefe, Bruyette & Woods raised their price target on Raymond James from $170.00 to $177.00 and gave the company a "market perform" rating in a report on Thursday, January 30th. JPMorgan Chase & Co. boosted their price objective on Raymond James from $166.00 to $172.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Finally, The Goldman Sachs Group upgraded Raymond James from a "neutral" rating to a "buy" rating and raised their target price for the company from $161.00 to $185.00 in a research note on Monday, January 6th. Nine research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $166.09.

Raymond James Trading Down 2.4 %

Shares of NYSE RJF traded down $3.73 during mid-day trading on Friday, hitting $151.34. The company's stock had a trading volume of 1,668,672 shares, compared to its average volume of 1,355,329. Raymond James has a one year low of $104.24 and a one year high of $174.32. The company's fifty day simple moving average is $161.30 and its 200-day simple moving average is $145.05. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.03 and a quick ratio of 1.01. The stock has a market cap of $31.01 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 0.93 and a beta of 1.03.

Raymond James (NYSE:RJF - Get Free Report) last announced 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 19.71%. On average, sell-side analysts anticipate that Raymond James will post 11.12 earnings per share for the current fiscal year.

Raymond James Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.32%. Raymond James's dividend payout ratio is presently 19.51%.

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.