Y.D. More Investments Ltd Grows Stock Holdings in Raymond James (NYSE:RJF)

Y.D. More Investments Ltd grew its stake in shares of Raymond James (NYSE:RJF) by 121.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 232 shares of the financial services provider’s stock after acquiring an additional 127 shares during the period. Y.D. More Investments Ltd’s holdings in Raymond James were worth $36,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Wellington Management Group LLP lifted its holdings in Raymond James by 31.4% during the 3rd quarter. Wellington Management Group LLP now owns 12,114,502 shares of the financial services provider’s stock worth $1,483,542,000 after purchasing an additional 2,898,242 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Raymond James by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 4,544,610 shares of the financial services provider’s stock valued at $556,533,000 after buying an additional 488,245 shares during the period. Ceredex Value Advisors LLC lifted its holdings in shares of Raymond James by 191.3% in the third quarter. Ceredex Value Advisors LLC now owns 722,393 shares of the financial services provider’s stock worth $88,464,000 after buying an additional 474,443 shares in the last quarter. Two Sigma Advisers LP bought a new position in shares of Raymond James in the third quarter valued at approximately $34,105,000. Finally, Worldquant Millennium Advisors LLC purchased a new position in Raymond James during the third quarter valued at approximately $28,985,000. 83.83% of the stock is owned by institutional investors.

Raymond James Trading Up 1.7 %

RJF stock opened at $168.39 on Friday. The company has a market capitalization of $34.41 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 0.98 and a beta of 1.03. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.02. Raymond James has a one year low of $104.24 and a one year high of $174.32. The company’s 50 day moving average price is $162.13 and its two-hundred day moving average price is $141.46.

Raymond James (NYSE:RJF) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.31. Raymond James had a net margin of 14.06% and a return on equity of 19.99%. As a group, analysts predict that Raymond James will post 11.16 earnings per share for the current fiscal year.

Raymond James Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, January 2nd. This is a boost from Raymond James’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 1.19%. Raymond James’s dividend payout ratio is currently 19.51%.

Analyst Upgrades and Downgrades

RJF has been the topic of several recent analyst reports. UBS Group upgraded shares of Raymond James from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Keefe, Bruyette & Woods lifted their price objective on Raymond James from $170.00 to $177.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. Wells Fargo & Company boosted their target price on Raymond James from $168.00 to $176.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. StockNews.com upgraded Raymond James from a “hold” rating to a “buy” rating in a research report on Friday, January 31st. Finally, JMP Securities upped their price objective on shares of Raymond James from $175.00 to $190.00 and gave the stock a “market outperform” rating in a research report on Thursday, January 30th. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $166.09.

Insider Buying and Selling

In other news, insider Tashtego S. Elwyn sold 10,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now owns 32,688 shares of the company’s stock, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bella Loykhter Allaire sold 1,170 shares of Raymond James stock in a transaction on Friday, November 29th. The stock was sold at an average price of $169.43, for a total transaction of $198,233.10. Following the completion of the transaction, 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. Insiders have sold a total of 64,621 shares of company stock worth $10,729,488 in the last ninety days. 0.54% of the stock is owned by 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.