Raymond James (NYSE:RJF) Shares Sold by Bokf Na

BOKF NA lowered its stake in Raymond James (NYSE:RJF) by 71.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,068 shares of the financial services provider’s stock after selling 7,866 shares during the quarter. BOKF NA’s holdings in Raymond James were worth $229,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of RJF. Man Group plc raised its stake in Raymond James by 134.6% during the third quarter. Man Group plc now owns 32,465 shares of the financial services provider’s stock valued at $2,988,000 after buying an additional 18,627 shares during the last quarter. Private Capital Group LLC raised its stake in Raymond James by 103.4% during the fourth quarter. Private Capital Group LLC now owns 708 shares of the financial services provider’s stock valued at $53,000 after buying an additional 360 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Raymond James by 0.4% during the third quarter. JPMorgan Chase & Co. now owns 2,642,714 shares of the financial services provider’s stock valued at $243,262,000 after buying an additional 11,510 shares during the last quarter. CENTRAL TRUST Co raised its stake in Raymond James by 27.5% during the fourth quarter. CENTRAL TRUST Co now owns 2,382 shares of the financial services provider’s stock valued at $177,000 after buying an additional 514 shares during the last quarter. Finally, Vanguard Group Inc raised its stake in Raymond James by 1.3% during the third quarter. Vanguard Group Inc now owns 13,760,818 shares of the financial services provider’s stock valued at $1,266,683,000 after buying an additional 182,616 shares during the last quarter. Institutional investors and hedge funds own 71.56% of the company’s stock.

Raymond James stock traded down $0.34 during mid-day trading on Monday, reaching $87.46. 597,982 shares of the stock traded hands, compared to its average volume of 942,533. The stock has a market cap of $12.20 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 0.70 and a beta of 1.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.10 and a current ratio of 1.12. Raymond James has a 12-month low of $69.11 and a 12-month high of $102.17.

Raymond James (NYSE:RJF) last posted its quarterly earnings data on Wednesday, January 23rd. The financial services provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.06. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.92 billion. Raymond James had a return on equity of 15.86% and a net margin of 12.79%. Raymond James’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.61 earnings per share. As a group, sell-side analysts predict that Raymond James will post 7.32 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, April 1st will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Friday, March 29th. Raymond James’s dividend payout ratio is presently 21.02%.

A number of brokerages have issued reports on RJF. Citigroup lifted their price objective on Raymond James from $87.00 to $93.00 and gave the company a “neutral” rating in a research note on Monday. ValuEngine upgraded Raymond James from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. Wells Fargo & Co boosted their price target on Raymond James from $92.00 to $94.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. Zacks Investment Research upgraded Raymond James from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research note on Thursday, April 4th. Finally, Compass Point began coverage on Raymond James in a research note on Monday, March 11th. They issued a “buy” rating and a $96.00 price target for the company. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $94.63.

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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.

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

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