Stephens Consulting LLC Acquires 26,556 Shares of Raymond James (NYSE:RJF)

Stephens Consulting LLC increased its holdings in shares of Raymond James (NYSE:RJF) by 188.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,624 shares of the financial services provider’s stock after purchasing an additional 26,556 shares during the quarter. Raymond James accounts for 1.5% of Stephens Consulting LLC’s portfolio, making the stock its 13th biggest holding. Stephens Consulting LLC’s holdings in Raymond James were worth $4,530,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of RJF. Steph & Co. raised its stake in Raymond James by 9.3% during the 4th quarter. Steph & Co. now owns 1,067 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 91 shares during the period. Federated Hermes Inc. raised its position in shares of Raymond James by 12.4% during the 4th quarter. Federated Hermes Inc. now owns 873 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 96 shares during the period. Addison Advisors LLC boosted its holdings in Raymond James by 32.9% in the 3rd quarter. Addison Advisors LLC now owns 416 shares of the financial services provider’s stock worth $42,000 after buying an additional 103 shares during the period. SVB Wealth LLC increased its stake in Raymond James by 5.6% in the 3rd quarter. SVB Wealth LLC now owns 2,046 shares of the financial services provider’s stock worth $206,000 after buying an additional 108 shares in the last quarter. Finally, Great Valley Advisor Group Inc. raised its holdings in Raymond James by 3.2% during the third quarter. Great Valley Advisor Group Inc. now owns 3,855 shares of the financial services provider’s stock valued at $387,000 after acquiring an additional 118 shares during the period. 83.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Art A. Garcia acquired 879 shares of the stock in a transaction on Friday, February 9th. The stock was bought at an average cost of $112.30 per share, with a total value of $98,711.70. Following the transaction, the director now directly owns 879 shares in the company, valued at $98,711.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Art A. Garcia bought 879 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was acquired at an average cost of $112.30 per share, with a total value of $98,711.70. Following the transaction, the director now directly owns 879 shares in the company, valued at approximately $98,711.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jonathan N. Santelli sold 1,891 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $111.91, for a total value of $211,621.81. Following the transaction, the executive vice president now directly owns 21,491 shares in the company, valued at approximately $2,405,057.81. The disclosure for this sale can be found here. 9.74% of the stock is currently owned by insiders.

Raymond James Trading Up 1.5 %

NYSE RJF traded up $1.88 during trading on Monday, hitting $125.48. The stock had a trading volume of 800,978 shares, compared to its average volume of 1,046,202. The stock has a market capitalization of $26.23 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 0.87 and a beta of 1.05. The stock has a 50 day simple moving average of $122.34 and a 200 day simple moving average of $111.78. Raymond James has a one year low of $82.00 and a one year high of $131.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 0.99.

Raymond James (NYSE:RJF) last issued its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.15. The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.01 billion. Raymond James had a return on equity of 17.95% and a net margin of 12.81%. Raymond James’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $2.29 EPS. Sell-side analysts predict that Raymond James will post 9.36 earnings per share for the current year.

Raymond James Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Thursday, March 28th. Raymond James’s payout ratio is presently 22.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on RJF shares. Morgan Stanley increased their price objective on shares of Raymond James from $113.00 to $123.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. TD Cowen upped their price target on shares of Raymond James from $116.50 to $131.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. JMP Securities reissued a “market perform” rating on shares of Raymond James in a research note on Tuesday, April 9th. JPMorgan Chase & Co. upgraded shares of Raymond James from a “neutral” rating to an “overweight” rating and upped their target price for the company from $110.00 to $135.00 in a research report on Wednesday, January 10th. Finally, UBS Group dropped their price target on Raymond James from $116.00 to $115.00 and set a “neutral” rating for the company in a research report on Thursday, January 25th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $123.88.

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.