Wilmington Savings Fund Society FSB Sells 2,569 Shares of Raymond James (NYSE:RJF)

Wilmington Savings Fund Society FSB lowered its position in shares of Raymond James (NYSE:RJF - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,870 shares of the financial services provider's stock after selling 2,569 shares during the period. Wilmington Savings Fund Society FSB's holdings in Raymond James were worth $10,076,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Cetera Investment Advisers lifted its stake in Raymond James by 6.3% in the second quarter. Cetera Investment Advisers now owns 23,013 shares of the financial services provider's stock worth $2,845,000 after purchasing an additional 1,357 shares during the last quarter. Czech National Bank boosted its position in shares of Raymond James by 6.2% during the third quarter. Czech National Bank now owns 37,757 shares of the financial services provider's stock valued at $4,624,000 after purchasing an additional 2,208 shares in the last quarter. 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 bought a new position in shares of Raymond James during the third quarter valued at approximately $32,000. Finally, CWM LLC raised its stake in Raymond James by 2.8% during the third quarter. CWM LLC now owns 11,853 shares of the financial services provider's stock valued at $1,452,000 after buying an additional 325 shares during the last quarter. 83.83% of the stock is currently owned by hedge funds and other institutional investors.

Raymond James Stock Down 1.1 %

RJF traded down $1.81 during trading hours on Wednesday, hitting $161.14. 1,287,719 shares of the company's stock were exchanged, compared to its average volume of 1,290,436. The firm has a market cap of $32.93 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 0.98 and a beta of 1.03. The firm has a 50 day moving average of $161.85 and a 200 day moving average of $143.04. Raymond James has a 12-month low of $104.24 and a 12-month high of $174.32. 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 (NYSE:RJF - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.93 EPS for the quarter, topping the consensus estimate of $2.62 by $0.31. Raymond James had a net margin of 14.06% and a return on equity of 19.99%. Analysts predict that Raymond James will post 11.12 EPS for the current fiscal year.

Raymond James Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend 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 dividend yield of 1.24%. Raymond James's payout ratio is 19.51%.

Wall Street Analyst Weigh In

RJF has been the topic of a number of research analyst reports. 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. JMP Securities raised their target price on shares of Raymond James from $175.00 to $190.00 and gave the stock a "market outperform" rating in a research note on Thursday, January 30th. Wells Fargo & Company boosted their price objective on Raymond James from $168.00 to $176.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Bank of America lifted their target price on Raymond James from $198.00 to $201.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Finally, StockNews.com lowered shares of Raymond James from a "buy" rating to a "hold" rating in a research report on Monday. Nine investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $166.09.

Insider Transactions at Raymond James

In other news, insider Bella Loykhter Allaire sold 1,170 shares of Raymond James 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 transaction, the insider now directly owns 80,421 shares of the company's stock, valued at $13,625,730.03. This trade represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Paul C. Reilly sold 50,000 shares of Raymond James stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $167.30, for a total value of $8,365,000.00. Following the transaction, the chief executive officer now owns 283,110 shares in the company, valued at $47,364,303. This represents a 15.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 64,621 shares of company stock worth $10,729,488 over the last quarter. 0.54% of the stock is currently owned by insiders.

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.