Raymond James (NYSE:RJF) Shares Bought by Czech National Bank

Czech National Bank boosted its holdings in Raymond James (NYSE:RJF - Free Report) by 6.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,358 shares of the financial services provider's stock after acquiring an additional 2,686 shares during the quarter. Czech National Bank's holdings in Raymond James were worth $5,884,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Rhumbline Advisers lifted its stake in shares of Raymond James by 11.6% in the first quarter. Rhumbline Advisers now owns 370,810 shares of the financial services provider's stock valued at $51,509,000 after purchasing an additional 38,442 shares during the period. Fifth Third Wealth Advisors LLC increased its holdings in Raymond James by 7.5% in the first quarter. Fifth Third Wealth Advisors LLC now owns 3,579 shares of the financial services provider's stock valued at $497,000 after buying an additional 250 shares in the last quarter. Parallel Advisors LLC increased its holdings in Raymond James by 5.8% in the first quarter. Parallel Advisors LLC now owns 2,383 shares of the financial services provider's stock valued at $331,000 after buying an additional 131 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Raymond James by 25,259.8% during the 1st quarter. GAMMA Investing LLC now owns 674,825 shares of the financial services provider's stock valued at $93,740,000 after acquiring an additional 672,164 shares during the period. Finally, First Hawaiian Bank boosted its stake in shares of Raymond James by 45.5% during the 1st quarter. First Hawaiian Bank now owns 37,631 shares of the financial services provider's stock worth $5,227,000 after acquiring an additional 11,771 shares in the last quarter. Institutional investors and hedge funds own 83.83% of the company's stock.

Raymond James Price Performance

Raymond James stock traded down $0.63 during midday trading on Wednesday, reaching $145.46. 1,489,856 shares of the company were exchanged, compared to its average volume of 1,314,163. The firm's 50-day simple moving average is $140.36 and its 200-day simple moving average is $151.81. Raymond James has a 1 year low of $104.24 and a 1 year high of $174.32. The company has a market capitalization of $29.35 billion, a price-to-earnings ratio of 14.19, a P/E/G ratio of 0.90 and a beta of 1.03. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.03.

Raymond James (NYSE:RJF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $2.42 earnings per share for the quarter, missing analysts' consensus estimates of $2.44 by ($0.02). Raymond James had a net margin of 14.06% and a return on equity of 19.71%. The firm had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same period in the prior year, the firm earned $2.31 EPS. The business's quarterly revenue was up 9.0% on a year-over-year basis. On average, analysts anticipate that Raymond James will post 11.17 EPS for the current year.

Raymond James Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be issued a $0.50 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $2.00 annualized dividend and a yield of 1.37%. Raymond James's dividend payout ratio (DPR) is presently 19.25%.

Insiders Place Their Bets

In other Raymond James news, insider Bella Loykhter Allaire sold 6,570 shares of Raymond James stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $146.61, for a total value of $963,227.70. Following the completion of the sale, the insider now owns 74,586 shares in the company, valued at $10,935,053.46. The trade was a 8.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider James E. Bunn sold 3,650 shares of the company's stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $136.49, for a total transaction of $498,188.50. Following the transaction, 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

RJF has been the subject of several research analyst reports. JMP Securities reaffirmed a "market outperform" rating and issued a $175.00 price objective on shares of Raymond James in a research note on Thursday, April 24th. Cowen reiterated a "hold" rating on shares of Raymond James in a research report on Thursday, April 24th. 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 report on Thursday, April 24th. Morgan Stanley lifted their price target on Raymond James from $149.00 to $161.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 4th. Finally, The Goldman Sachs Group lowered their price objective 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. Eleven analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $153.82.

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.