SVB Wealth LLC Purchases Shares of 1,638 Raymond James (NYSE:RJF)

SVB Wealth LLC acquired a new stake in Raymond James (NYSE:RJF) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,638 shares of the financial services provider’s stock, valued at approximately $254,000.

Several other institutional investors and hedge funds also recently made changes to their positions in RJF. Gladius Capital Management LP acquired a new position in Raymond James in the third quarter valued at approximately $34,000. Y.D. More Investments Ltd lifted its position in shares of Raymond James by 121.0% during the 4th quarter. Y.D. More Investments Ltd now owns 232 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 127 shares during the period. Peterson Financial Group Inc. bought a new position in Raymond James during the third quarter worth $37,000. Quarry LP grew its holdings in Raymond James by 80.3% in the third quarter. Quarry LP now owns 420 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 187 shares during the period. Finally, Eastern Bank bought a new stake in Raymond James in the fourth quarter valued at $68,000. Institutional investors own 83.83% of the company’s stock.

Raymond James Trading Up 1.2 %

NYSE:RJF opened at $145.98 on Thursday. Raymond James has a 52 week low of $104.24 and a 52 week high of $174.32. The firm has a 50-day moving average price of $160.37 and a two-hundred day moving average price of $147.45. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.03. The firm has a market cap of $29.91 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 0.90 and a beta of 1.04.

Raymond James (NYSE:RJF) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.93 EPS for the quarter, beating 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, equities analysts expect that Raymond James will post 11.17 earnings per share for the current fiscal year.

Raymond James Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.37%. The ex-dividend date is Tuesday, April 1st. Raymond James’s dividend payout ratio is 19.51%.

Analyst Upgrades and Downgrades

RJF has been the subject of several research reports. Wells Fargo & Company raised their target price on Raymond James from $168.00 to $176.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. StockNews.com downgraded Raymond James from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Morgan Stanley increased their target price on Raymond James from $149.00 to $161.00 and gave the stock an “equal weight” rating in a report on Tuesday. UBS Group raised shares of Raymond James from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Raymond James from $170.00 to $177.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $167.55.

Insider Transactions at Raymond James

In other Raymond James news, insider Tashtego S. Elwyn sold 10,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $159.47, for a total value of $1,594,700.00. Following the completion of the sale, the insider now directly owns 32,688 shares of the company’s stock, valued at $5,212,755.36. This trade represents a 23.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.54% of the stock is currently owned by company insiders.

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.