OneDigital Investment Advisors LLC Sells 2,476 Shares of Raymond James Financial, Inc. (NYSE:RJF)

OneDigital Investment Advisors LLC reduced its stake in Raymond James Financial, Inc. (NYSE:RJF - Free Report) by 6.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,802 shares of the financial services provider's stock after selling 2,476 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Raymond James Financial were worth $5,251,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Assetmark Inc. increased its stake in shares of Raymond James Financial by 43.8% during the fourth quarter. Assetmark Inc. now owns 453 shares of the financial services provider's stock worth $70,000 after purchasing an additional 138 shares during the period. Raymond James Financial Inc. acquired a new position in Raymond James Financial in the 4th quarter valued at $105,701,000. Jefferies Financial Group Inc. bought a new position in Raymond James Financial during the 4th quarter worth $9,366,000. Assenagon Asset Management S.A. lifted its holdings in shares of Raymond James Financial by 13.8% during the first quarter. Assenagon Asset Management S.A. now owns 24,979 shares of the financial services provider's stock worth $3,470,000 after buying an additional 3,035 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its position in shares of Raymond James Financial by 164.0% in the first quarter. Golden State Wealth Management LLC now owns 198 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 123 shares during the period. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on RJF shares. Citigroup lowered their price target on shares of Raymond James Financial 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 shares of Raymond James Financial from $149.00 to $143.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group reduced their price target on Raymond James Financial from $198.00 to $173.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. JMP Securities restated a "market outperform" rating and set a $175.00 price objective on shares of Raymond James Financial in a research note on Thursday, April 24th. Finally, Bank of America downgraded Raymond James Financial from a "buy" rating to a "neutral" rating and set a $159.00 target price for the company. in a research report on Wednesday, April 30th. Eleven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Raymond James Financial currently has an average rating of "Hold" and a consensus target price of $153.82.

Raymond James Financial Stock Up 1.1%

RJF stock opened at $159.88 on Friday. The firm has a 50-day moving average price of $148.07 and a 200-day moving average price of $149.70. Raymond James Financial, Inc. has a 12 month low of $104.24 and a 12 month high of $174.32. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $32.26 billion, a P/E ratio of 15.39, a price-to-earnings-growth ratio of 1.92 and a beta of 1.02.

Raymond James Financial (NYSE:RJF - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $2.42 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.02). The company had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.46 billion. Raymond James Financial had a net margin of 13.99% and a return on equity of 19.31%. Raymond James Financial's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.31 EPS. As a group, equities research analysts anticipate that Raymond James Financial, Inc. will post 11.17 EPS for the current fiscal year.

Raymond James Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Tuesday, July 1st. Raymond James Financial's dividend payout ratio (DPR) is 19.25%.

Insiders Place Their Bets

In related news, insider James E. Bunn sold 3,650 shares of Raymond James Financial 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 sale, the insider directly owned 78,227 shares in the company, valued at $10,677,203.23. This trade represents a 4.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bella Loykhter Allaire sold 6,570 shares of the business'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 sale, the insider directly owned 74,586 shares in the company, valued at $10,935,053.46. The trade was 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 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.

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