Ensign Peak Advisors Inc Buys 9,034 Shares of Raymond James (NYSE:RJF)

Ensign Peak Advisors Inc raised its position in Raymond James (NYSE:RJF - Free Report) by 13.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,137 shares of the financial services provider's stock after purchasing an additional 9,034 shares during the period. Ensign Peak Advisors Inc's holdings in Raymond James were worth $11,671,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. TCTC Holdings LLC raised its position in shares of Raymond James by 176.7% during the 4th quarter. TCTC Holdings LLC now owns 166 shares of the financial services provider's stock valued at $26,000 after buying an additional 106 shares in the last quarter. Y.D. More Investments Ltd raised its position in shares of Raymond James by 121.0% during the 4th quarter. Y.D. More Investments Ltd now owns 232 shares of the financial services provider's stock valued at $36,000 after buying an additional 127 shares in the last quarter. Plato Investment Management Ltd raised its position in shares of Raymond James by 1,142.1% during the 4th quarter. Plato Investment Management Ltd now owns 236 shares of the financial services provider's stock valued at $37,000 after buying an additional 217 shares in the last quarter. Covestor Ltd raised its position in shares of Raymond James by 56.7% during the 4th quarter. Covestor Ltd now owns 337 shares of the financial services provider's stock valued at $52,000 after buying an additional 122 shares in the last quarter. Finally, Mizuho Bank Ltd. purchased a new stake in shares of Raymond James during the 4th quarter valued at $53,000. 83.83% of the stock is owned by institutional investors.

Insider Activity

In other Raymond James news, insider James E. Bunn sold 3,650 shares of the company's stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $136.49, for a total transaction of $498,188.50. Following the completion of the sale, the insider now directly owns 78,227 shares of the company's stock, valued at approximately $10,677,203.23. This represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

RJF has been the topic of several research reports. Citigroup lowered their price objective on shares of Raymond James from $180.00 to $150.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. dropped their price target on Raymond James from $149.00 to $143.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Morgan Stanley lifted their target price on shares of Raymond James from $149.00 to $161.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. The Goldman Sachs Group cut their target price on shares of Raymond James from $198.00 to $173.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Finally, JMP Securities reissued a "market outperform" rating and set a $175.00 price objective on shares of Raymond James in a research note on Thursday, April 24th. Eleven equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $153.82.

Raymond James Stock Up 0.6%

Shares of NYSE RJF traded up $0.98 during midday trading on Friday, hitting $153.93. The stock had a trading volume of 934,300 shares, compared to its average volume of 1,301,700. The business's 50 day moving average is $139.00 and its 200-day moving average is $152.41. The company has a market cap of $31.06 billion, a P/E ratio of 15.02, a PEG ratio of 0.90 and a beta of 1.02. Raymond James has a 52 week low of $104.24 and a 52 week high of $174.32. 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 - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $2.42 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.02). Raymond James had a net margin of 14.06% and a return on equity of 19.71%. The company had revenue of $3.40 billion for the quarter, compared to analysts' expectations of $3.46 billion. During the same period in the previous year, the firm earned $2.31 earnings per share. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. As a group, analysts predict that Raymond James will post 11.17 EPS for the current year.

Raymond James Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, April 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.30%. Raymond James's payout ratio is 19.25%.

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.