DekaBank Deutsche Girozentrale Sells 5,208 Shares of Raymond James (NYSE:RJF)

DekaBank Deutsche Girozentrale trimmed its holdings in Raymond James (NYSE:RJF) by 27.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,488 shares of the financial services provider’s stock after selling 5,208 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Raymond James were worth $1,209,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RJF. Congress Asset Management Co. MA increased its position in Raymond James by 0.6% in the third quarter. Congress Asset Management Co. MA now owns 990,843 shares of the financial services provider’s stock worth $81,705,000 after purchasing an additional 6,193 shares during the period. Massachusetts Financial Services Co. MA increased its position in Raymond James by 2.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 989,122 shares of the financial services provider’s stock worth $81,563,000 after purchasing an additional 22,516 shares during the period. First Trust Advisors LP increased its position in Raymond James by 17.7% in the third quarter. First Trust Advisors LP now owns 909,669 shares of the financial services provider’s stock worth $75,011,000 after purchasing an additional 136,763 shares during the period. Parametric Portfolio Associates LLC increased its position in Raymond James by 3.5% in the third quarter. Parametric Portfolio Associates LLC now owns 449,130 shares of the financial services provider’s stock worth $37,035,000 after purchasing an additional 15,309 shares during the period. Finally, California Public Employees Retirement System increased its position in Raymond James by 5.9% in the fourth quarter. California Public Employees Retirement System now owns 332,723 shares of the financial services provider’s stock worth $29,765,000 after purchasing an additional 18,522 shares during the period. 70.17% of the stock is owned by institutional investors and hedge funds.

In other news, insider George Catanese sold 908 shares of Raymond James stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $86.99, for a total transaction of $78,986.92. Following the transaction, the insider now owns 6,960 shares in the company, valued at approximately $605,450.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President John C. Jr. Carson sold 5,000 shares of Raymond James stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $88.31, for a total value of $441,550.00. Following the transaction, the president now owns 72,748 shares in the company, valued at approximately $6,424,375.88. The disclosure for this sale can be found here. Insiders have sold a total of 32,841 shares of company stock worth $2,933,895 in the last quarter. 10.82% of the stock is currently owned by company insiders.

Raymond James stock opened at $98.95 on Friday. The firm has a market capitalization of $13.78 billion, a P/E ratio of 13.44 and a beta of 1.50. Raymond James has a 1 year low of $72.94 and a 1 year high of $99.51. The business has a 50-day moving average of $92.81 and a 200-day moving average of $86.00. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 0.42.

Raymond James (NYSE:RJF) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $1.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.90 by ($0.01). Raymond James had a return on equity of 16.37% and a net margin of 13.03%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the firm posted $1.79 earnings per share. Raymond James’s quarterly revenue was up 4.0% compared to the same quarter last year. Research analysts anticipate that Raymond James will post 7.64 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Tuesday, December 31st. Raymond James’s dividend payout ratio (DPR) is presently 20.00%.

RJF has been the subject of a number of research reports. Wells Fargo & Co lifted their price objective on Raymond James from $92.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Morgan Stanley began coverage on Raymond James in a research report on Wednesday, November 27th. They set an “equal weight” rating and a $91.00 target price for the company. Citigroup decreased their target price on Raymond James from $100.00 to $93.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. ValuEngine upgraded Raymond James from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 3rd. Finally, Credit Suisse Group boosted their target price on Raymond James from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Raymond James has a consensus rating of “Buy” and an average target price of $97.86.

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.

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Institutional Ownership by Quarter for Raymond James (NYSE:RJF)

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