Siemens Fonds Invest GmbH Sells 28,404 Shares of Raymond James (NYSE:RJF)

Siemens Fonds Invest GmbH lessened its stake in Raymond James (NYSE:RJF - Free Report) by 84.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,391 shares of the financial services provider's stock after selling 28,404 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Raymond James were worth $837,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in RJF. FMR LLC boosted its holdings in Raymond James by 2.2% during the fourth quarter. FMR LLC now owns 6,522,025 shares of the financial services provider's stock worth $1,013,066,000 after purchasing an additional 137,277 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Raymond James by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 4,544,610 shares of the financial services provider's stock worth $556,533,000 after purchasing an additional 488,245 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Raymond James by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 4,392,260 shares of the financial services provider's stock worth $680,378,000 after purchasing an additional 40,576 shares during the last quarter. Earnest Partners LLC boosted its holdings in Raymond James by 1.0% during the fourth quarter. Earnest Partners LLC now owns 2,533,666 shares of the financial services provider's stock worth $393,554,000 after purchasing an additional 24,195 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Raymond James by 8.6% during the fourth quarter. Invesco Ltd. now owns 2,435,306 shares of the financial services provider's stock worth $378,276,000 after purchasing an additional 192,904 shares during the last quarter. Institutional investors and hedge funds own 83.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Cowen restated a "hold" rating on shares of Raymond James in a report on Thursday, April 24th. JPMorgan Chase & Co. cut their price target on shares of Raymond James from $149.00 to $143.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Bank of America cut shares of Raymond James from a "buy" rating to a "neutral" rating and set a $159.00 price target for the company. in a research note on Wednesday, April 30th. The Goldman Sachs Group cut their price target on shares of Raymond James from $198.00 to $173.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Finally, Wall Street Zen lowered shares of Raymond James from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Eleven research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $153.82.

Raymond James Price Performance

Shares of Raymond James stock traded down $1.65 during midday trading on Monday, hitting $145.33. 963,896 shares of the company traded hands, compared to its average volume of 1,311,713. The stock has a market cap of $29.32 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 0.90 and a beta of 1.02. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.03. The firm's fifty day moving average price is $140.29 and its 200-day moving average price is $151.85. Raymond James has a 12 month low of $104.24 and a 12 month high of $174.32.

Raymond James (NYSE:RJF - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.02). The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.46 billion. Raymond James had a net margin of 14.06% and a return on equity of 19.71%. The company's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the firm 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 year.

Raymond James Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $2.00 annualized dividend and a yield of 1.38%. Raymond James's dividend payout ratio is presently 19.25%.

Insider Buying and Selling

In other news, insider Bella Loykhter Allaire sold 6,570 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $146.61, for a total value of $963,227.70. Following the transaction, the insider now owns 74,586 shares in the company, valued at approximately $10,935,053.46. The trade was a 8.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James E. Bunn sold 3,650 shares of the business's stock in a transaction 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 transaction, the insider now owns 78,227 shares in the company, valued at $10,677,203.23. The trade was a 4.46% decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

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.