Raymond James (NYSE:RJF) Shares Sold by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. decreased its holdings in Raymond James (NYSE:RJF) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,925 shares of the financial services provider’s stock after selling 145 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Raymond James were worth $454,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of RJF. CWM LLC raised its position in Raymond James by 2.8% in the third quarter. CWM LLC now owns 11,853 shares of the financial services provider’s stock worth $1,452,000 after acquiring an additional 325 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in Raymond James by 474.1% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,332 shares of the financial services provider’s stock worth $163,000 after acquiring an additional 1,100 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in Raymond James in the third quarter worth $315,000. Bill Few Associates Inc. raised its position in Raymond James by 94.3% in the third quarter. Bill Few Associates Inc. now owns 10,095 shares of the financial services provider’s stock worth $1,236,000 after acquiring an additional 4,900 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its position in Raymond James by 5.9% in the third quarter. Vontobel Holding Ltd. now owns 2,440 shares of the financial services provider’s stock worth $299,000 after acquiring an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Wall Street Analysts Forecast Growth

RJF has been the subject of a number of research analyst reports. Citigroup raised their price target on Raymond James from $145.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. StockNews.com cut Raymond James from a “buy” rating to a “hold” rating in a research report on Monday. JMP Securities raised their price target on Raymond James from $175.00 to $190.00 and gave the company a “market outperform” rating in a research report on Thursday, January 30th. TD Cowen raised their price target on Raymond James from $128.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Finally, UBS Group upgraded Raymond James from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Nine 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $166.09.

Insiders Place Their Bets

In other Raymond James news, insider Bella Loykhter Allaire sold 3,451 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $165.62, for a total value of $571,554.62. Following the sale, the insider now directly owns 80,421 shares of the company’s stock, valued at approximately $13,319,326.02. This trade represents a 4.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tashtego S. Elwyn sold 10,000 shares of Raymond James stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $159.47, for a total value of $1,594,700.00. Following the completion of the transaction, the insider now directly owns 32,688 shares in the company, valued at $5,212,755.36. This represents a 23.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 64,621 shares of company stock valued at $10,729,488. Insiders own 0.54% of the company’s stock.

Raymond James Trading Down 1.1 %

Raymond James stock opened at $161.14 on Thursday. The stock has a market cap of $32.93 billion, a PE ratio of 15.72, a P/E/G ratio of 0.98 and a beta of 1.03. The stock has a 50-day moving average price of $161.85 and a 200 day moving average price of $143.04. Raymond James has a 52 week low of $104.24 and a 52 week 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) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.31. Raymond James had a return on equity of 19.99% and a net margin of 14.06%. Equities research analysts predict that Raymond James will post 11.12 earnings per share for the current fiscal year.

Raymond James Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.24%. This is a positive change from Raymond James’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, January 2nd. Raymond James’s dividend payout ratio (DPR) 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.