GTS Securities LLC Has $210,000 Holdings in Raymond James (NYSE:RJF)

GTS Securities LLC reduced its position in Raymond James (NYSE:RJF - Free Report) by 79.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,350 shares of the financial services provider's stock after selling 5,180 shares during the period. GTS Securities LLC's holdings in Raymond James were worth $210,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in RJF. Vise Technologies Inc. acquired a new stake in shares of Raymond James in the fourth quarter worth approximately $316,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Raymond James by 17.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,519,696 shares of the financial services provider's stock valued at $236,054,000 after buying an additional 226,633 shares during the period. Voloridge Investment Management LLC increased its holdings in shares of Raymond James by 58.1% during the 4th quarter. Voloridge Investment Management LLC now owns 348,149 shares of the financial services provider's stock worth $54,078,000 after buying an additional 127,967 shares during the last quarter. Waverly Advisors LLC acquired a new stake in shares of Raymond James during the 4th quarter worth $2,437,000. Finally, Woodline Partners LP purchased a new position in shares of Raymond James in the 4th quarter worth $1,707,000. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Raymond James Stock Performance

NYSE:RJF traded up $0.77 during trading hours on Tuesday, reaching $146.19. 567,949 shares of the stock were exchanged, compared to its average volume of 1,308,889. The stock has a market capitalization of $29.49 billion, a P/E ratio of 14.26, a P/E/G ratio of 0.90 and a beta of 1.03. The firm has a 50 day simple moving average of $140.29 and a 200-day simple moving average of $151.85. 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 has a 52 week low of $104.24 and a 52 week high of $174.32.

Raymond James (NYSE:RJF - Get Free Report) last issued its earnings results 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). The business had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.46 billion. Raymond James had a return on equity of 19.71% and a net margin of 14.06%. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the company posted $2.31 earnings per share. As a group, sell-side analysts forecast that Raymond James will post 11.17 earnings per share for the current fiscal year.

Raymond James Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Tuesday, July 1st. Raymond James's payout ratio is 19.25%.

Insider Transactions at Raymond James

In other news, insider James E. Bunn sold 3,650 shares of the business's stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $136.49, for a total transaction of $498,188.50. Following the completion of the transaction, the insider now directly owns 78,227 shares in the company, valued at approximately $10,677,203.23. The trade was a 4.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bella Loykhter Allaire sold 6,570 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 74,586 shares of the company's stock, valued at $10,935,053.46. This trade represents a 8.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on RJF. Morgan Stanley raised their price objective on Raymond James from $149.00 to $161.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. Citigroup cut their price objective on 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. lowered their target price 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. Wells Fargo & Company reduced their price target on Raymond James from $176.00 to $143.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Finally, Cowen restated a "hold" rating on shares of Raymond James in a report on Thursday, April 24th. Eleven research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average 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.