Harfst & Associates Inc. Has $174.93 Million Stock Position in Raymond James (NYSE:RJF)

Harfst & Associates Inc. decreased its position in Raymond James (NYSE:RJF) by 0.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,126,208 shares of the financial services provider’s stock after selling 1,221 shares during the quarter. Raymond James accounts for approximately 36.4% of Harfst & Associates Inc.’s holdings, making the stock its largest holding. Harfst & Associates Inc. owned 0.55% of Raymond James worth $174,934,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of RJF. Coldstream Capital Management Inc. grew its position in Raymond James by 1.5% in the third quarter. Coldstream Capital Management Inc. now owns 4,228 shares of the financial services provider’s stock valued at $528,000 after purchasing an additional 64 shares in the last quarter. CX Institutional boosted its stake in shares of Raymond James by 2.9% during the 4th quarter. CX Institutional now owns 2,323 shares of the financial services provider’s stock worth $361,000 after buying an additional 66 shares during the last quarter. Crestwood Advisors Group LLC grew its holdings in shares of Raymond James by 3.5% in the 4th quarter. Crestwood Advisors Group LLC now owns 1,982 shares of the financial services provider’s stock valued at $308,000 after acquiring an additional 67 shares in the last quarter. Stablepoint Partners LLC increased its position in shares of Raymond James by 0.5% in the fourth quarter. Stablepoint Partners LLC now owns 14,651 shares of the financial services provider’s stock valued at $2,276,000 after acquiring an additional 73 shares during the last quarter. Finally, Metis Global Partners LLC increased its position in shares of Raymond James by 1.4% in the third quarter. Metis Global Partners LLC now owns 6,115 shares of the financial services provider’s stock valued at $749,000 after acquiring an additional 82 shares during the last quarter. 83.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on RJF. UBS Group raised Raymond James from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. JMP Securities raised their target price on shares of Raymond James from $175.00 to $190.00 and gave the company a “market outperform” rating in a research note on Thursday, January 30th. StockNews.com downgraded shares of Raymond James from a “buy” rating to a “hold” rating in a report on Monday, February 10th. TD Cowen increased their price target on shares of Raymond James from $128.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group upgraded shares of Raymond James from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $161.00 to $185.00 in a research note on Monday, January 6th. Nine analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Raymond James presently has a consensus rating of “Hold” and a consensus price target of $166.09.

Insiders Place Their Bets

In other Raymond James news, insider Bella Loykhter Allaire sold 3,451 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $165.62, for a total transaction of $571,554.62. Following the transaction, the insider now owns 80,421 shares in the company, valued at $13,319,326.02. This represents a 4.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Paul C. Reilly sold 50,000 shares of Raymond James stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $167.30, for a total transaction of $8,365,000.00. Following the completion of the sale, the chief executive officer now owns 283,110 shares of the company’s stock, valued at approximately $47,364,303. The trade was a 15.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 64,621 shares of company stock worth $10,729,488 in the last 90 days. Company insiders own 0.54% of the company’s stock.

Raymond James Stock Performance

Shares of RJF stock opened at $151.19 on Thursday. The company has a market capitalization of $30.98 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 0.90 and a beta of 1.03. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.03. Raymond James has a 52 week low of $104.24 and a 52 week high of $174.32. The company has a 50-day simple moving average of $160.97 and a 200 day simple moving average of $146.20.

Raymond James (NYSE:RJF) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, sell-side analysts predict that Raymond James will post 11.17 earnings per share for the current year.

Raymond James Dividend Announcement

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

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.