Addison Advisors LLC Raises Holdings in Raymond James (NYSE:RJF)

Addison Advisors LLC grew its position in shares of Raymond James (NYSE:RJF) by 32.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 552 shares of the financial services provider’s stock after buying an additional 136 shares during the period. Addison Advisors LLC’s holdings in Raymond James were worth $62,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Raymond James during the 4th quarter valued at $30,000. CVA Family Office LLC purchased a new position in shares of Raymond James during the 4th quarter valued at $50,000. Headlands Technologies LLC lifted its position in shares of Raymond James by 139.8% during the 3rd quarter. Headlands Technologies LLC now owns 518 shares of the financial services provider’s stock valued at $52,000 after buying an additional 302 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of Raymond James by 52.5% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 558 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 192 shares during the period. Finally, Federated Hermes Inc. raised its stake in shares of Raymond James by 2,328.1% during the 3rd quarter. Federated Hermes Inc. now owns 777 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 745 shares during the period. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Analyst Upgrades and Downgrades

RJF has been the topic of a number of analyst reports. Jefferies Financial Group reiterated a “hold” rating and set a $117.00 price objective (up from $112.00) on shares of Raymond James in a research note on Tuesday, January 9th. TD Cowen decreased their price objective on Raymond James from $131.00 to $126.00 and set a “hold” rating on the stock in a research note on Thursday. Citigroup boosted their price objective on Raymond James from $112.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. The Goldman Sachs Group reiterated a “neutral” rating and set a $116.00 price objective (down from $125.00) on shares of Raymond James in a research note on Wednesday, January 3rd. Finally, Morgan Stanley boosted their price objective on Raymond James from $113.00 to $123.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $126.22.

Insider Activity

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

Raymond James Price Performance

NYSE RJF traded down $0.09 during trading on Friday, reaching $121.86. The company’s stock had a trading volume of 1,197,930 shares, compared to its average volume of 1,139,872. The stock has a market capitalization of $25.47 billion, a PE ratio of 14.74, a P/E/G ratio of 0.85 and a beta of 1.05. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.99 and a quick ratio of 0.97. The firm has a fifty day moving average of $123.10 and a 200 day moving average of $112.59. Raymond James has a one year low of $82.00 and a one year high of $131.19.

Raymond James (NYSE:RJF) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $2.31 EPS for the quarter, missing the consensus estimate of $2.32 by ($0.01). The firm had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.15 billion. Raymond James had a net margin of 12.72% and a return on equity of 18.24%. Raymond James’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.03 earnings per share. Analysts expect that Raymond James will post 9.37 EPS for the current fiscal year.

Raymond James Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.80 annualized dividend and a dividend yield of 1.48%. Raymond James’s dividend payout ratio (DPR) is presently 21.77%.

Raymond James 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.