2,320 Shares in Raymond James (NYSE:RJF) Purchased by Taika Capital LP

Taika Capital LP bought a new stake in Raymond James (NYSE:RJF) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,320 shares of the financial services provider’s stock, valued at approximately $360,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Y.D. More Investments Ltd boosted its stake 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. Plato Investment Management Ltd boosted its stake in Raymond James by 1,142.1% in the fourth quarter. Plato Investment Management Ltd now owns 236 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 217 shares during the period. Gladius Capital Management LP acquired a new position in Raymond James in the third quarter valued at approximately $34,000. Peterson Financial Group Inc. acquired a new position in Raymond James in the third quarter valued at approximately $37,000. Finally, Quarry LP boosted its stake in Raymond James by 80.3% in the third quarter. Quarry LP now owns 420 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 187 shares during the period. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Raymond James news, insider Tashtego S. Elwyn sold 10,000 shares of Raymond James stock in a transaction that occurred 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 transaction, the insider now directly owns 32,688 shares in the company, valued at approximately $5,212,755.36. The trade was a 23.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Raymond James Trading Down 0.3 %

Raymond James stock opened at $143.35 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.03. The firm has a market cap of $29.37 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 0.90 and a beta of 1.04. Raymond James has a 1 year low of $104.24 and a 1 year high of $174.32. The firm’s 50 day moving average price is $159.80 and its two-hundred day moving average price is $148.06.

Raymond James (NYSE:RJF) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share (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 19.71%. On average, research analysts predict that Raymond James will post 11.17 EPS for the current fiscal year.

Raymond James Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.40%. The ex-dividend date is Tuesday, April 1st. Raymond James’s payout ratio is 19.51%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RJF. JPMorgan Chase & Co. lifted their target price on Raymond James from $166.00 to $172.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Wells Fargo & Company lifted their price target on 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 Raymond James from a “neutral” rating to a “buy” rating and lifted their price target for the company from $161.00 to $185.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods lifted 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. Finally, JMP Securities lifted their price target on Raymond James from $175.00 to $190.00 and gave the company a “market outperform” rating in a report on Thursday, January 30th. Nine research 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $167.55.

About Raymond James

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.