Calton & Associates Inc. Purchases 8,392 Shares of Raymond James Financial, Inc. (NYSE:RJF)

Calton & Associates Inc. lifted its holdings in Raymond James Financial, Inc. (NYSE:RJF - Free Report) by 329.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 10,942 shares of the financial services provider's stock after acquiring an additional 8,392 shares during the quarter. Calton & Associates Inc.'s holdings in Raymond James Financial were worth $1,520,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. FMR LLC grew its position in shares of Raymond James Financial by 2.2% in the 4th quarter. FMR LLC now owns 6,522,025 shares of the financial services provider's stock worth $1,013,066,000 after buying an additional 137,277 shares during the period. Geode Capital Management LLC increased its position in shares of Raymond James Financial by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 4,392,260 shares of the financial services provider's stock valued at $680,378,000 after acquiring an additional 40,576 shares in the last quarter. Earnest Partners LLC lifted its position in Raymond James Financial by 1.0% during the fourth quarter. Earnest Partners LLC now owns 2,533,666 shares of the financial services provider's stock valued at $393,554,000 after purchasing an additional 24,195 shares during the period. Invesco Ltd. lifted its position in Raymond James Financial by 8.6% during the fourth quarter. Invesco Ltd. now owns 2,435,306 shares of the financial services provider's stock valued at $378,276,000 after purchasing an additional 192,904 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Raymond James Financial by 8.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,335,254 shares of the financial services provider's stock worth $324,390,000 after buying an additional 178,262 shares during the last quarter. 83.83% of the stock is owned by hedge funds and other institutional investors.

Raymond James Financial Stock Down 0.8%

Raymond James Financial stock traded down $1.27 during midday trading on Monday, hitting $159.39. 579,336 shares of the company were exchanged, compared to its average volume of 1,284,805. Raymond James Financial, Inc. has a fifty-two week low of $104.24 and a fifty-two week high of $174.32. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.04 and a quick ratio of 1.02. The company has a market cap of $32.16 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 1.33 and a beta of 1.02. The company's fifty day moving average price is $151.57 and its 200-day moving average price is $149.83.

Raymond James Financial (NYSE:RJF - Get Free Report) last issued its quarterly 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 net margin of 13.99% and a return on equity of 19.31%. The firm had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter last year, the firm posted $2.31 earnings per share. Raymond James Financial's revenue was up 9.0% compared to the same quarter last year. On average, research analysts predict that Raymond James Financial, Inc. will post 11.17 EPS for the current fiscal year.

Raymond James Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were 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 was Tuesday, July 1st. Raymond James Financial's dividend payout ratio is 19.25%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on RJF shares. JPMorgan Chase & Co. increased their price target on Raymond James Financial from $143.00 to $151.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. The Goldman Sachs Group cut their price objective on shares of 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. Morgan Stanley raised their price target on shares of Raymond James Financial from $136.00 to $180.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. Cowen reaffirmed a "hold" rating on shares of Raymond James Financial in a research note on Thursday, April 24th. Finally, JMP Securities increased their target price on shares of Raymond James Financial from $175.00 to $180.00 and gave the stock a "market outperform" rating in a report on Monday, July 14th. Nine equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $162.40.

Insider Buying and Selling at Raymond James Financial

In other Raymond James Financial news, insider Bella Loykhter Allaire sold 6,570 shares of the company's 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 transaction, the insider directly owned 74,586 shares of the company's stock, valued at $10,935,053.46. This represents a 8.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider James E. Bunn sold 3,650 shares of the stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $136.49, for a total value of $498,188.50. Following the sale, the insider owned 78,227 shares of the company's stock, valued at approximately $10,677,203.23. The trade was 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.

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.