Mn Services Vermogensbeheer B.V. Has $10.02 Million Stock Position in Raymond James Financial, Inc. (NYSE:RJF)

Mn Services Vermogensbeheer B.V. cut its holdings in Raymond James Financial, Inc. (NYSE:RJF - Free Report) by 7.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 72,100 shares of the financial services provider's stock after selling 5,600 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Raymond James Financial were worth $10,015,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RJF. Empowered Funds LLC boosted its holdings in shares of Raymond James Financial by 10.4% in the fourth quarter. Empowered Funds LLC now owns 3,828 shares of the financial services provider's stock valued at $593,000 after buying an additional 362 shares during the period. Savant Capital LLC boosted its stake in Raymond James Financial by 18.6% in the 4th quarter. Savant Capital LLC now owns 2,378 shares of the financial services provider's stock worth $369,000 after purchasing an additional 373 shares during the period. Van ECK Associates Corp boosted its position in shares of Raymond James Financial by 1.1% during the fourth quarter. Van ECK Associates Corp now owns 21,256 shares of the financial services provider's stock worth $3,302,000 after buying an additional 235 shares during the period. Vontobel Holding Ltd. boosted its position in shares of Raymond James Financial by 31.6% during the fourth quarter. Vontobel Holding Ltd. now owns 3,212 shares of the financial services provider's stock worth $499,000 after buying an additional 772 shares during the period. Finally, Principal Securities Inc. boosted its position in Raymond James Financial by 7.3% during the 4th quarter. Principal Securities Inc. now owns 2,092 shares of the financial services provider's stock worth $325,000 after acquiring an additional 142 shares during the last quarter. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on RJF shares. JMP Securities restated a "market outperform" rating and set a $175.00 target price on shares of Raymond James Financial in a report on Thursday, April 24th. JPMorgan Chase & Co. reduced their price objective on shares of Raymond James Financial from $149.00 to $143.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Morgan Stanley increased their price objective on shares of Raymond James Financial from $149.00 to $161.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 4th. Wells Fargo & Company reduced their price objective on shares of Raymond James Financial from $176.00 to $143.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Finally, The Goldman Sachs Group reduced their price target on Raymond James Financial from $198.00 to $173.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Eleven investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $153.82.

Insider Buying and Selling at Raymond James Financial

In other Raymond James Financial news, insider James E. Bunn sold 3,650 shares of the business's stock in a transaction dated 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 owns 78,227 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bella Loykhter Allaire sold 6,570 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $146.61, for a total transaction of $963,227.70. Following the transaction, the insider now owns 74,586 shares of the company's stock, valued at approximately $10,935,053.46. This 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.

Raymond James Financial Stock Performance

Shares of RJF traded up $0.65 during mid-day trading on Wednesday, reaching $148.22. The company's stock had a trading volume of 937,290 shares, compared to its average volume of 1,323,480. Raymond James Financial, Inc. has a 1-year low of $104.24 and a 1-year high of $174.32. The stock has a market cap of $29.90 billion, a P/E ratio of 14.27, a PEG ratio of 1.77 and a beta of 1.03. The business has a 50-day simple moving average of $143.26 and a two-hundred day simple moving average of $150.46. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.32.

Raymond James Financial (NYSE:RJF - Get Free Report) last posted 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). Raymond James Financial had a return on equity of 19.31% and a net margin of 13.99%. The firm had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same period in the prior year, the business posted $2.31 EPS. The firm's quarterly revenue was up 9.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Raymond James Financial, Inc. will post 11.17 earnings per share for the current fiscal year.

Raymond James Financial Dividend Announcement

The business also recently disclosed 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 1.35%. Raymond James Financial's dividend payout ratio is presently 19.25%.

Raymond James Financial Company 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.