First Hawaiian Bank Buys 11,771 Shares of Raymond James (NYSE:RJF)

First Hawaiian Bank raised its position in shares of Raymond James (NYSE:RJF - Free Report) by 45.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 37,631 shares of the financial services provider's stock after purchasing an additional 11,771 shares during the quarter. First Hawaiian Bank's holdings in Raymond James were worth $5,227,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. TCTC Holdings LLC lifted its stake in Raymond James by 176.7% during the 4th quarter. TCTC Holdings LLC now owns 166 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 106 shares in the last quarter. Y.D. More Investments Ltd raised its stake in shares of Raymond James by 121.0% during the 4th quarter. Y.D. More Investments Ltd now owns 232 shares of the financial services provider's stock worth $36,000 after purchasing an additional 127 shares during the period. Plato Investment Management Ltd raised its stake in shares of Raymond James by 1,142.1% during the 4th quarter. Plato Investment Management Ltd now owns 236 shares of the financial services provider's stock worth $37,000 after purchasing an additional 217 shares during the period. Covestor Ltd raised its stake in shares of Raymond James by 56.7% during the 4th quarter. Covestor Ltd now owns 337 shares of the financial services provider's stock worth $52,000 after purchasing an additional 122 shares during the period. Finally, Mizuho Bank Ltd. bought a new stake in shares of Raymond James during the 4th quarter worth $53,000. Institutional investors and hedge funds own 83.83% of the company's stock.

Insider Buying and Selling

In other Raymond James news, insider James E. Bunn sold 3,650 shares of the stock in a transaction on Monday, April 28th. The stock was sold at an average price of $136.49, for a total value of $498,188.50. Following the completion of the transaction, the insider now owns 78,227 shares in the company, valued at approximately $10,677,203.23. This represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bella Loykhter Allaire sold 6,570 shares of the stock in a transaction 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 owns 74,586 shares of the company's stock, valued at approximately $10,935,053.46. This trade represents a 8.10% decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.

Raymond James Trading Down 0.5%

Shares of NYSE:RJF traded down $0.76 during trading on Friday, reaching $146.97. 2,849,562 shares of the company traded hands, compared to its average volume of 1,315,266. The business's fifty day moving average is $140.27 and its 200-day moving average is $152.08. Raymond James has a 52-week low of $104.24 and a 52-week high of $174.32. The firm has a market capitalization of $29.65 billion, a price-to-earnings ratio of 14.34, a P/E/G ratio of 0.90 and a beta of 1.02. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35.

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

Raymond James Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Tuesday, July 1st. Raymond James's payout ratio is 19.25%.

Analyst Ratings Changes

RJF has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price objective on Raymond James from $149.00 to $143.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. JMP Securities reissued a "market outperform" rating and set a $175.00 price objective on shares of Raymond James in a report on Thursday, April 24th. Bank of America lowered Raymond James from a "buy" rating to a "neutral" rating and set a $159.00 price objective for the company. in a report on Wednesday, April 30th. Wells Fargo & Company cut their price objective on Raymond James from $176.00 to $143.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods boosted their price objective on Raymond James from $170.00 to $177.00 and gave the stock a "market perform" rating in a report on Thursday, January 30th. Eleven equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $153.82.

Raymond James 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.