3,289 Shares in Raymond James (NYSE:RJF) Bought by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. bought a new position in Raymond James (NYSE:RJF) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,289 shares of the financial services provider’s stock, valued at approximately $511,000.

Other institutional investors have also recently bought and sold shares of the company. Y.D. More Investments Ltd raised its holdings in Raymond James by 121.0% in the 4th quarter. Y.D. More Investments Ltd now owns 232 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 127 shares during the period. Gladius Capital Management LP bought a new position in Raymond James in the 3rd quarter worth $34,000. Peterson Financial Group Inc. bought a new position in Raymond James in the 3rd quarter worth $37,000. Quarry LP raised its holdings in Raymond James by 80.3% in the 3rd quarter. Quarry LP now owns 420 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 187 shares during the period. Finally, Eastern Bank bought a new position in shares of Raymond James during the 4th quarter worth about $68,000. Institutional investors own 83.83% of the company’s stock.

Insiders Place Their Bets

In other Raymond James news, insider Tashtego S. Elwyn sold 10,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $159.47, for a total value of $1,594,700.00. Following the completion of the transaction, the insider now directly owns 32,688 shares of the company’s stock, valued at approximately $5,212,755.36. The trade was a 23.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Paul C. Reilly sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $167.30, for a total transaction of $8,365,000.00. Following the sale, the chief executive officer now directly owns 283,110 shares of the company’s stock, valued at approximately $47,364,303. This trade represents a 15.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 64,621 shares of company stock valued at $10,729,488. Insiders own 0.54% of the company’s stock.

Raymond James Price Performance

NYSE:RJF opened at $159.61 on Thursday. The firm has a market cap of $32.71 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 0.93 and a beta of 1.03. Raymond James has a 12 month low of $104.24 and a 12 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’s 50-day moving average price is $161.59 and its two-hundred day moving average price is $144.66.

Raymond James (NYSE:RJF) last released 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 net margin of 14.06% and a return on equity of 19.71%. On average, equities analysts anticipate that Raymond James will post 11.12 EPS for the current fiscal year.

Raymond James Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This is an increase from Raymond James’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.25%. Raymond James’s payout ratio is currently 19.51%.

Analysts Set New Price Targets

Several research firms have recently issued reports on RJF. Citigroup boosted their price objective on shares of Raymond James from $145.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. UBS Group upgraded shares of Raymond James from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Bank of America boosted their price objective on shares of Raymond James from $198.00 to $201.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. TD Cowen boosted their price objective on shares of Raymond James from $128.00 to $150.00 and gave the stock a “hold” rating in a report 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 report on Monday, January 6th. Nine equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average 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.