Universal Beteiligungs und Servicegesellschaft mbH Invests $17.38 Million in Raymond James (NYSE:RJF)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Raymond James (NYSE:RJF - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 111,887 shares of the financial services provider's stock, valued at approximately $17,379,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.05% of Raymond James at the end of the most recent reporting period.

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

Insider Buying and Selling at Raymond James

In other news, insider Bella Loykhter Allaire sold 6,570 shares of Raymond James stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $146.61, for a total transaction of $963,227.70. Following the completion of the sale, the insider now directly owns 74,586 shares in the company, valued at approximately $10,935,053.46. The trade was a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider James E. Bunn sold 3,650 shares of Raymond James stock in a transaction on Monday, April 28th. The stock was sold at an average price of $136.49, for a total transaction of $498,188.50. Following the sale, the insider now owns 78,227 shares of the company's stock, valued at $10,677,203.23. The trade was a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Raymond James Stock Up 0.5%

RJF traded up $0.78 during trading on Tuesday, hitting $146.20. The stock had a trading volume of 1,061,170 shares, compared to its average volume of 1,313,461. The company has a market capitalization of $29.50 billion, a PE ratio of 14.26, a PEG ratio of 0.90 and a beta of 1.03. Raymond James has a twelve month low of $104.24 and a twelve month high of $174.32. 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 stock has a 50 day simple moving average of $140.36 and a two-hundred day simple moving average of $151.81.

Raymond James (NYSE:RJF - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The financial services provider reported $2.42 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.02). The firm had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.46 billion. Raymond James had a net margin of 14.06% and a return on equity of 19.71%. Raymond James's revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business earned $2.31 earnings per share. On average, research analysts predict that Raymond James will post 11.17 earnings per share for the current year.

Raymond James Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be paid a $0.50 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $2.00 annualized dividend and a yield of 1.37%. Raymond James's dividend payout ratio (DPR) is 19.25%.

Analyst Ratings Changes

RJF has been the topic of a number of research analyst reports. Bank of America downgraded shares of Raymond James from a "buy" rating to a "neutral" rating and set a $159.00 target price on the stock. in a research note on Wednesday, April 30th. JMP Securities restated a "market outperform" rating and issued a $175.00 target price on shares of Raymond James in a research note on Thursday, April 24th. JPMorgan Chase & Co. dropped their price objective on shares of Raymond James from $149.00 to $143.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Morgan Stanley increased their price objective on shares of Raymond James from $149.00 to $161.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. Finally, Wells Fargo & Company dropped their price objective on shares of Raymond James from $176.00 to $143.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Eleven investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $153.82.

About Raymond James

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.