Mather Group LLC. Invests $199,000 in Raymond James (NYSE:RJF)

Mather Group LLC. acquired a new position in shares of Raymond James (NYSE:RJFFree Report) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 1,546 shares of the financial services provider’s stock, valued at approximately $199,000.

Several other institutional investors and hedge funds also recently made changes to their positions in RJF. Ontario Teachers Pension Plan Board increased its stake in Raymond James by 4.4% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 5,635 shares of the financial services provider’s stock valued at $628,000 after acquiring an additional 240 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its stake in Raymond James by 86.2% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,421 shares of the financial services provider’s stock valued at $493,000 after acquiring an additional 2,047 shares during the period. Hsbc Holdings PLC increased its stake in Raymond James by 25.4% in the fourth quarter. Hsbc Holdings PLC now owns 444,597 shares of the financial services provider’s stock valued at $49,603,000 after acquiring an additional 89,981 shares during the period. BNP Paribas Financial Markets increased its stake in Raymond James by 44.5% in the fourth quarter. BNP Paribas Financial Markets now owns 110,751 shares of the financial services provider’s stock valued at $12,349,000 after acquiring an additional 34,101 shares during the period. Finally, American Century Companies Inc. increased its stake in Raymond James by 26.0% in the third quarter. American Century Companies Inc. now owns 165,966 shares of the financial services provider’s stock valued at $16,668,000 after acquiring an additional 34,200 shares during the period. Institutional investors own 83.83% of the company’s stock.

Raymond James Stock Up 0.8 %

Shares of NYSE:RJF opened at $118.96 on Thursday. Raymond James has a 52 week low of $91.67 and a 52 week high of $131.19. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.98 and a current ratio of 1.01. The company has a market capitalization of $24.66 billion, a PE ratio of 14.38, a PEG ratio of 0.81 and a beta of 1.01. The company has a 50 day moving average price of $122.84 and a two-hundred day moving average price of $118.48.

Raymond James (NYSE:RJFGet Free Report) last issued its earnings results on Wednesday, April 24th. The financial services provider reported $2.31 EPS for the quarter, missing the consensus estimate of $2.32 by ($0.01). Raymond James had a net margin of 12.72% and a return on equity of 17.94%. The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the previous year, the company posted $2.03 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. Analysts forecast that Raymond James will post 9.55 earnings per share for the current year.

Raymond James Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.51%. The ex-dividend date is Monday, July 1st. Raymond James’s payout ratio is presently 21.77%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Bank of America lowered their target price on shares of Raymond James from $145.00 to $141.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Citigroup boosted their price target on shares of Raymond James from $112.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Morgan Stanley boosted their price target on shares of Raymond James from $113.00 to $123.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. JMP Securities restated a “market perform” rating on shares of Raymond James in a research report on Tuesday, April 9th. Finally, TD Cowen reduced their price target on shares of Raymond James from $131.00 to $126.00 and set a “hold” rating on the stock in a research report on Thursday, April 25th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $126.22.

View Our Latest Analysis on Raymond James

Insider Transactions at Raymond James

In other news, CEO Steven M. Raney sold 4,174 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $121.01, for a total transaction of $505,095.74. Following the completion of the sale, the chief executive officer now owns 51,009 shares of the company’s stock, valued at $6,172,599.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Steven M. Raney sold 4,174 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $121.01, for a total transaction of $505,095.74. Following the completion of the sale, the chief executive officer now owns 51,009 shares of the company’s stock, valued at $6,172,599.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James E. Bunn sold 11,095 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $124.44, for a total transaction of $1,380,661.80. Following the sale, the insider now directly owns 46,977 shares of the company’s stock, valued at approximately $5,845,817.88. The disclosure for this sale can be found here. 9.74% of the stock is owned by insiders.

Raymond James Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Raymond James (NYSE:RJF)

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