E. Ohman J or Asset Management AB Sells 650 Shares of Raymond James (NYSE:RJF)

E. Ohman J or Asset Management AB lowered its position in Raymond James (NYSE:RJF) by 7.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 8,450 shares of the financial services provider’s stock after selling 650 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Raymond James were worth $1,313,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of RJF. Northwestern Mutual Wealth Management Co. raised its position in Raymond James by 15.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,965 shares of the financial services provider’s stock worth $367,000 after purchasing an additional 404 shares during the last quarter. Cetera Investment Advisers raised its position in Raymond James by 6.3% in the 2nd 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 raised its position in Raymond James by 6.2% in the 3rd quarter. Czech National Bank now owns 37,757 shares of the financial services provider’s stock worth $4,624,000 after purchasing an additional 2,208 shares during the last quarter. GAMMA Investing LLC raised its position in 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 purchasing an additional 153 shares during the last quarter. Finally, Future Financial Wealth Managment LLC bought a new position in Raymond James in the 3rd quarter worth approximately $32,000. Institutional investors own 83.83% of the company’s stock.

Raymond James Trading Up 0.6 %

Shares of NYSE:RJF opened at $165.67 on Thursday. The company’s 50-day moving average price is $162.16 and its two-hundred day moving average price is $141.27. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.00. Raymond James has a one year low of $104.24 and a one year high of $174.32. The stock has a market capitalization of $33.86 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 0.98 and a beta of 1.03.

Raymond James (NYSE:RJF) last issued 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%. On average, equities analysts forecast that Raymond James will post 11.16 EPS for the current fiscal year.

Raymond James Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.21%. This is a boost from Raymond James’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, January 2nd. Raymond James’s dividend payout ratio is presently 19.51%.

Wall Street Analyst Weigh In

RJF has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Raymond James from $166.00 to $172.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. JMP Securities lifted their target price on shares of Raymond James from $175.00 to $190.00 and gave the stock a “market outperform” rating in a report on Thursday, January 30th. Morgan Stanley lifted their target price on shares of Raymond James from $132.00 to $145.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Bank of America lifted their target price on shares of Raymond James from $198.00 to $201.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, Wells Fargo & Company boosted their price target on shares of Raymond James from $168.00 to $176.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Eight analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $166.09.

Insider Activity

In other news, CEO Paul C. Reilly sold 50,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 283,110 shares of the company’s stock, valued at approximately $47,364,303. This represents a 15.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tashtego S. Elwyn sold 10,000 shares of the company’s stock in a transaction dated 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 completion of the sale, 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 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. 0.54% of the stock is owned by company insiders.

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.