2,088 Shares in Raymond James (NYSE:RJF) Purchased by B.O.S.S. Retirement Advisors LLC

B.O.S.S. Retirement Advisors LLC bought a new position in Raymond James (NYSE:RJF) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,088 shares of the financial services provider’s stock, valued at approximately $324,000.

Several other large investors have also recently modified their holdings of RJF. Wolff Wiese Magana LLC increased its stake in shares of Raymond James by 3,960.0% in the third quarter. Wolff Wiese Magana LLC now owns 203 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 198 shares in the last quarter. Quarry LP purchased a new position in shares of Raymond James in the second quarter worth about $29,000. Future Financial Wealth Managment LLC purchased a new position in shares of Raymond James in the third quarter worth about $32,000. Gladius Capital Management LP purchased a new position in shares of Raymond James in the third quarter worth about $34,000. Finally, Peterson Financial Group Inc. purchased a new position in shares of Raymond James in the third quarter worth about $37,000. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Raymond James Trading Up 0.7 %

Shares of RJF opened at $172.67 on Friday. The firm has a market cap of $35.29 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 1.04 and a beta of 1.02. 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 fifty-two week low of $104.24 and a fifty-two week high of $173.15. The firm has a 50 day moving average price of $161.67 and a 200-day moving average price of $138.21.

Raymond James (NYSE:RJF) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.54. Raymond James had a net margin of 13.86% and a return on equity of 19.30%. The firm had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period in the previous year, the business posted $2.13 EPS. The business’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, equities research analysts forecast that Raymond James will post 11.02 earnings per share for the current year.

Raymond James Increases Dividend

The company also recently declared 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. This is a positive change from Raymond James’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Thursday, January 2nd. Raymond James’s dividend payout ratio is currently 20.60%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RJF. UBS Group upgraded shares of Raymond James from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $166.00 price objective (up previously from $151.00) on shares of Raymond James in a research note on Tuesday, January 7th. Citigroup boosted their price objective on shares of Raymond James from $145.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. JMP Securities lifted their target price on shares of Raymond James from $146.00 to $150.00 and gave the company a “market outperform” rating in a research report on Thursday, October 24th. Finally, TD Cowen lifted their target price on shares of Raymond James from $128.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Raymond James currently has a consensus rating of “Hold” and a consensus price target of $156.09.

Insider Activity at Raymond James

In related news, insider Tashtego S. Elwyn sold 10,000 shares of the company’s stock in a transaction on Friday, December 13th. The shares were 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 directly owns 32,688 shares in the company, valued at $5,212,755.36. This represents a 23.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Bella Loykhter Allaire sold 1,170 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $169.43, for a total transaction of $198,233.10. Following the sale, the insider now owns 80,421 shares of the company’s stock, valued at $13,625,730.03. This represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 64,621 shares of company stock worth $10,729,488 in the last three months. 0.54% of the stock is owned by insiders.

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.