Handelsbanken Fonder AB Raises Stock Holdings in Raymond James (NYSE:RJF)

Handelsbanken Fonder AB lifted its holdings in Raymond James (NYSE:RJF) by 17.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 69,761 shares of the financial services provider’s stock after purchasing an additional 10,141 shares during the quarter. Handelsbanken Fonder AB’s holdings in Raymond James were worth $10,836,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of RJF. Allspring Global Investments Holdings LLC increased its stake in Raymond James by 0.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 123,098 shares of the financial services provider’s stock worth $15,075,000 after acquiring an additional 493 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Raymond James by 44,291.7% during the 3rd quarter. International Assets Investment Management LLC now owns 10,654 shares of the financial services provider’s stock valued at $1,305,000 after purchasing an additional 10,630 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Raymond James by 468.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 27,576 shares of the financial services provider’s stock valued at $3,377,000 after buying an additional 22,728 shares during the period. E. Ohman J or Asset Management AB lifted its position in Raymond James by 160.0% in the third quarter. E. Ohman J or Asset Management AB now owns 9,100 shares of the financial services provider’s stock worth $1,114,000 after buying an additional 5,600 shares during the last quarter. Finally, Ballentine Partners LLC boosted its stake in Raymond James by 21.4% during the third quarter. Ballentine Partners LLC now owns 2,156 shares of the financial services provider’s stock worth $264,000 after buying an additional 380 shares during the period. Institutional investors own 83.83% of the company’s stock.

Raymond James Trading Down 2.4 %

Shares of NYSE RJF opened at $151.34 on Friday. Raymond James has a twelve month low of $104.24 and a twelve month high of $174.32. The firm has a market cap of $31.01 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 0.90 and a beta of 1.03. The business has a fifty day simple moving average of $161.30 and a two-hundred day simple moving average of $145.31. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.35.

Raymond James (NYSE:RJF) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.31. Raymond James had a return on equity of 19.71% and a net margin of 14.06%. Analysts expect that Raymond James will post 11.17 earnings per share for the current fiscal year.

Raymond James Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.32%. Raymond James’s dividend payout ratio is presently 19.51%.

Insider Activity at Raymond James

In other Raymond James news, CEO Paul C. Reilly sold 50,000 shares of Raymond James stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $167.30, for a total value of $8,365,000.00. Following the transaction, the chief executive officer now owns 283,110 shares in the company, valued at $47,364,303. The trade was a 15.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bella Loykhter Allaire sold 1,170 shares of the stock in a transaction dated 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 directly owns 80,421 shares of the company’s stock, 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 valued at $10,729,488 over the last ninety days. 0.54% of the stock is owned by company insiders.

Analyst Ratings Changes

RJF has been the topic of several recent analyst reports. Citigroup increased their target price 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 increased 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. Bank of America boosted their target price on Raymond James from $198.00 to $201.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. increased their price target on Raymond James from $166.00 to $172.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Finally, Morgan Stanley boosted their price objective on Raymond James from $132.00 to $145.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $166.09.

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.