Raymond James (NYSE:RJF) Shares Sold by Skylands Capital LLC

Skylands Capital LLC lessened its holdings in shares of Raymond James (NYSE:RJF) by 31.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,787 shares of the financial services provider’s stock after selling 2,150 shares during the period. Skylands Capital LLC’s holdings in Raymond James were worth $741,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RJF. Crestwood Advisors Group LLC boosted its stake in shares of Raymond James by 3.5% during the 4th quarter. Crestwood Advisors Group LLC now owns 1,982 shares of the financial services provider’s stock worth $308,000 after acquiring an additional 67 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its position in shares of Raymond James by 57.7% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 5,966 shares of the financial services provider’s stock valued at $927,000 after purchasing an additional 2,183 shares during the period. Access Investment Management LLC increased its stake in Raymond James by 0.8% in the 4th quarter. Access Investment Management LLC now owns 29,051 shares of the financial services provider’s stock worth $4,512,000 after purchasing an additional 220 shares in the last quarter. New England Professional Planning Group Inc. raised its holdings in Raymond James by 3.8% during the 4th quarter. New England Professional Planning Group Inc. now owns 44,606 shares of the financial services provider’s stock worth $6,929,000 after buying an additional 1,648 shares during the period. Finally, Wealthspire Advisors LLC raised its holdings in Raymond James by 4.1% during the 4th quarter. Wealthspire Advisors LLC now owns 6,812 shares of the financial services provider’s stock worth $1,058,000 after buying an additional 266 shares during the period. 83.83% of the stock is owned by institutional investors.

Insider Transactions 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 shares were sold at an average price of $159.47, for a total transaction of $1,594,700.00. Following the completion of the sale, the insider now owns 32,688 shares in the company, valued at $5,212,755.36. This trade represents a 23.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Bella Loykhter Allaire sold 3,451 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $165.62, for a total value of $571,554.62. Following the completion of the transaction, the insider now directly owns 80,421 shares in the company, valued at approximately $13,319,326.02. This represents a 4.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 64,621 shares of company stock valued at $10,729,488. Company insiders own 0.54% of the company’s stock.

Raymond James Stock Down 2.4 %

RJF stock opened at $151.34 on Monday. Raymond James has a twelve month low of $104.24 and a twelve month high of $174.32. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.35. The company has a market cap of $31.01 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 0.90 and a beta of 1.03. The business’s 50-day simple moving average is $161.30 and its 200 day simple moving average is $145.58.

Raymond James (NYSE:RJF) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.31. Raymond James had a return on equity of 19.71% and a net margin of 14.06%. On average, research analysts anticipate that Raymond James will post 11.17 earnings per share for the current year.

Raymond James Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.32%. Raymond James’s dividend payout ratio is 19.51%.

Analyst Ratings Changes

RJF has been the topic of several analyst reports. TD Cowen lifted their target price on shares of Raymond James from $128.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Citigroup upped their price target on Raymond James from $145.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. StockNews.com lowered shares of Raymond James from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. lifted their target price on shares of Raymond James from $166.00 to $172.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Finally, Bank of America upped their price target on shares of Raymond James from $198.00 to $201.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Nine research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Raymond James currently has a consensus rating of “Hold” and a consensus price target of $166.09.

About Raymond James

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.