Hantz Financial Services Inc. Cuts Stock Position in Raymond James (NYSE:RJF)

Hantz Financial Services Inc. trimmed its position in Raymond James (NYSE:RJF) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,721 shares of the financial services provider’s stock after selling 1,796 shares during the period. Hantz Financial Services Inc.’s holdings in Raymond James were worth $13,315,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Wolff Wiese Magana LLC boosted its holdings in shares of Raymond James by 3,960.0% in the third quarter. Wolff Wiese Magana LLC now owns 203 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 198 shares in the last quarter. Quarry LP purchased a new stake in Raymond James in the 2nd quarter valued at approximately $29,000. Future Financial Wealth Managment LLC acquired a new position in Raymond James during the 3rd quarter worth approximately $32,000. Gladius Capital Management LP purchased a new position in shares of Raymond James during the 3rd quarter worth approximately $34,000. Finally, Peterson Financial Group Inc. acquired a new stake in shares of Raymond James in the 3rd quarter valued at approximately $37,000. 83.83% of the stock is owned by institutional investors and hedge funds.

Raymond James Stock Performance

NYSE RJF opened at $171.36 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. Raymond James has a fifty-two week low of $104.24 and a fifty-two week high of $173.15. The business has a fifty day moving average of $161.96 and a 200-day moving average of $139.17. The stock has a market cap of $35.02 billion, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 1.04 and a beta of 1.02.

Raymond James Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were paid a $0.50 dividend. This is an increase from Raymond James’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $2.00 annualized dividend and a yield of 1.17%. Raymond James’s payout ratio is presently 20.60%.

Insider Buying and Selling at Raymond James

In related news, insider Tashtego S. Elwyn sold 10,000 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $159.47, for a total transaction of $1,594,700.00. Following the transaction, the insider now directly owns 32,688 shares in the company, valued at approximately $5,212,755.36. This represents a 23.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Bella Loykhter Allaire sold 1,170 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $169.43, for a total value of $198,233.10. Following the completion of the sale, the insider now directly owns 80,421 shares in the company, valued at approximately $13,625,730.03. The trade was a 1.43 % 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 worth $10,729,488. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on RJF shares. The Goldman Sachs Group upgraded Raymond James from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $161.00 to $185.00 in a research report on Monday, January 6th. Jefferies Financial Group increased their price target on shares of Raymond James from $123.00 to $126.00 and gave the company a “hold” rating in a report on Friday, October 4th. Wells Fargo & Company decreased their price objective on shares of Raymond James from $169.00 to $168.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. JMP Securities increased their target price on shares of Raymond James from $146.00 to $150.00 and gave the company a “market outperform” rating in a report on Thursday, October 24th. Finally, Bank of America boosted their price target on Raymond James from $136.00 to $152.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Nine investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $156.09.

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.