Gilliland Jeter Wealth Management LLC Buys New Holdings in Raymond James (NYSE:RJF)

Gilliland Jeter Wealth Management LLC acquired a new position in Raymond James (NYSE:RJF) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 6,047 shares of the financial services provider’s stock, valued at approximately $674,000.

Several other institutional investors and hedge funds have also bought and sold shares of RJF. Turtle Creek Wealth Advisors LLC purchased a new stake in Raymond James in the 4th quarter worth approximately $30,000. Addison Advisors LLC lifted 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. CVA Family Office LLC purchased a new stake in Raymond James in the 4th quarter worth approximately $50,000. Headlands Technologies LLC lifted its holdings in Raymond James by 139.8% in the 3rd quarter. Headlands Technologies LLC now owns 518 shares of the financial services provider’s stock worth $52,000 after buying an additional 302 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in Raymond James by 52.5% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 558 shares of the financial services provider’s stock worth $62,000 after buying an additional 192 shares during the period. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Wall Street Analyst Weigh In

RJF has been the subject of several research reports. StockNews.com lowered Raymond James from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. JMP Securities reissued a “market perform” rating on shares of Raymond James in a research report on Tuesday, April 9th. JPMorgan Chase & Co. raised Raymond James from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $110.00 to $135.00 in a research report on Wednesday, January 10th. Bank of America decreased their target price on Raymond James from $145.00 to $141.00 and set a “buy” rating for the company in a research report on Thursday. Finally, TD Cowen decreased their target price on Raymond James from $131.00 to $126.00 and set a “hold” rating for the company in a research report on Thursday. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $126.22.

Insider Buying and Selling at Raymond James

In other Raymond James news, 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 transaction of $211,621.81. Following 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 SEC, which is accessible through the SEC website. In other Raymond James news, Director Art A. Garcia bought 879 shares of the business’s stock in a transaction on Friday, February 9th. The shares were acquired at an average cost of $112.30 per share, for a total transaction of $98,711.70. Following the purchase, the director now owns 879 shares in the company, valued at approximately $98,711.70. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jonathan N. Santelli sold 1,891 shares of the firm’s 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 completion of the transaction, the executive vice president now owns 21,491 shares in the company, valued at $2,405,057.81. The disclosure for this sale can be found here. Company insiders own 9.74% of the company’s stock.

Raymond James Stock Down 0.1 %

RJF stock traded down $0.09 on Friday, reaching $121.86. 1,197,930 shares of the company traded hands, compared to its average volume of 1,139,872. 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 current ratio of 0.99 and a quick ratio of 0.97. The company has a market cap of $25.47 billion, a P/E ratio of 14.74, a price-to-earnings-growth ratio of 0.85 and a beta of 1.05. The firm has a fifty day simple moving average of $123.10 and a 200-day simple moving average of $112.59.

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

Raymond James Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.80 annualized dividend and a yield of 1.48%. Raymond James’s dividend payout ratio is 21.77%.

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.