Bokf Na Grows Position in Raymond James (NYSE:RJF)

Bokf Na raised its position in Raymond James (NYSE:RJF) by 15,780.7% during the first quarter, HoldingsChannel.com reports. The firm owned 26,362 shares of the financial services provider’s stock after purchasing an additional 26,196 shares during the period. Bokf Na’s holdings in Raymond James were worth $3,388,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RJF. Norges Bank purchased a new stake in Raymond James in the fourth quarter worth $238,830,000. Heritage Wealth Advisors increased its holdings in Raymond James by 3,480.7% during the first quarter. Heritage Wealth Advisors now owns 488,258 shares of the financial services provider’s stock valued at $62,702,000 after buying an additional 474,622 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Raymond James by 16.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,832,458 shares of the financial services provider’s stock worth $204,335,000 after buying an additional 263,687 shares during the period. SG Americas Securities LLC boosted its position in Raymond James by 820.2% during the 1st quarter. SG Americas Securities LLC now owns 197,695 shares of the financial services provider’s stock valued at $25,388,000 after acquiring an additional 176,210 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of Raymond James by 27.4% in the 4th quarter. Sei Investments Co. now owns 809,626 shares of the financial services provider’s stock worth $90,273,000 after acquiring an additional 174,286 shares in the last quarter. Institutional investors own 83.83% of the company’s stock.

Insider Buying and Selling

In related news, insider James E. Bunn sold 11,095 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $124.44, for a total transaction of $1,380,661.80. Following the completion of the sale, the insider now owns 46,977 shares of the company’s stock, valued at approximately $5,845,817.88. The sale was disclosed in a legal filing with the SEC, which is available through this link. 9.74% of the stock is currently owned by company insiders.

Raymond James Price Performance

Raymond James stock traded down $0.87 during trading hours on Monday, hitting $115.81. The stock had a trading volume of 106,353 shares, compared to its average volume of 1,123,853. Raymond James has a 1-year low of $91.67 and a 1-year high of $131.19. The stock has a market capitalization of $24.01 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 0.79 and a beta of 1.02. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.01 and a quick ratio of 0.98. The stock’s fifty day moving average is $119.50 and its two-hundred day moving average is $120.05.

Raymond James (NYSE:RJF) last issued its earnings results on Wednesday, July 24th. The financial services provider reported $2.39 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.08. The business had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.24 billion. Raymond James had a net margin of 13.16% and a return on equity of 18.67%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.85 EPS. As a group, analysts predict that Raymond James will post 9.57 earnings per share for the current fiscal year.

Raymond James Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 1st were issued a $0.45 dividend. The ex-dividend date was Monday, July 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.55%. Raymond James’s dividend payout ratio (DPR) is 21.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on RJF shares. JMP Securities reaffirmed a “market perform” rating on shares of Raymond James in a research report on Tuesday, April 9th. Jefferies Financial Group raised their price objective on Raymond James from $122.00 to $123.00 and gave the stock a “hold” rating in a research report on Monday, July 8th. UBS Group decreased their price objective on shares of Raymond James from $138.00 to $135.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Morgan Stanley lifted their price target on Raymond James from $113.00 to $123.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Raymond James from $137.00 to $135.00 and set an “overweight” rating on the stock in a research note on Thursday. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $129.89.

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.