Great Lakes Retirement Inc. cut its stake in shares of Raymond James (NYSE:RJF – Free Report) by 4.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,925 shares of the financial services provider’s stock after selling 145 shares during the period. Great Lakes Retirement Inc.’s holdings in Raymond James were worth $454,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wellington Management Group LLP lifted its position 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 acquiring an additional 2,898,242 shares in the last quarter. State Street Corp lifted its position in Raymond James by 0.7% during the 3rd quarter. State Street Corp now owns 7,974,740 shares of the financial services provider’s stock worth $976,587,000 after acquiring an additional 54,265 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Raymond James by 12.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,544,610 shares of the financial services provider’s stock worth $556,533,000 after acquiring an additional 488,245 shares in the last quarter. Geode Capital Management LLC lifted its position in Raymond James by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,351,684 shares of the financial services provider’s stock worth $531,013,000 after acquiring an additional 12,869 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Raymond James by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,064,349 shares of the financial services provider’s stock worth $130,340,000 after acquiring an additional 7,121 shares in the last quarter. 83.83% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Raymond James
In related news, insider Bella Loykhter Allaire sold 3,451 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $165.62, for a total transaction of $571,554.62. Following the completion of the transaction, the insider now owns 80,421 shares in the company, valued at $13,319,326.02. The trade was a 4.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Tashtego S. Elwyn sold 10,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now owns 32,688 shares of the company’s stock, valued at $5,212,755.36. This represents a 23.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 64,621 shares of company stock worth $10,729,488 in the last 90 days. 0.54% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on RJF
Raymond James Price Performance
Shares of NYSE RJF opened at $161.14 on Thursday. Raymond James has a twelve month low of $104.24 and a twelve month high of $174.32. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $32.93 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 0.98 and a beta of 1.03. The business has a 50 day simple moving average of $161.85 and a 200-day simple moving average of $143.04.
Raymond James (NYSE:RJF – Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.31. Raymond James had a return on equity of 19.99% and a net margin of 14.06%. As a group, equities research analysts expect that Raymond James will post 11.12 earnings per share for the current year.
Raymond James Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were given a dividend of $0.50 per share. The ex-dividend date was Thursday, January 2nd. This represents a $2.00 dividend on an annualized basis and a yield of 1.24%. This is a positive change from Raymond James’s previous quarterly dividend of $0.45. Raymond James’s payout ratio is currently 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.
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