Vident Advisory LLC Reduces Holdings in Raymond James (NYSE:RJF)

Vident Advisory LLC lessened its stake in Raymond James (NYSE:RJF - Free Report) by 89.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,827 shares of the financial services provider's stock after selling 32,389 shares during the period. Vident Advisory LLC's holdings in Raymond James were worth $595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the business. Sovereign s Capital Management LLC purchased a new stake in shares of Raymond James during the fourth quarter worth about $3,328,000. Tidal Investments LLC grew its stake in shares of Raymond James by 21.1% during the fourth quarter. Tidal Investments LLC now owns 5,134 shares of the financial services provider's stock worth $795,000 after acquiring an additional 893 shares during the last quarter. Teza Capital Management LLC grew its stake in shares of Raymond James by 114.8% during the fourth quarter. Teza Capital Management LLC now owns 17,206 shares of the financial services provider's stock worth $2,673,000 after acquiring an additional 9,197 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of Raymond James by 3.2% during the fourth quarter. Toronto Dominion Bank now owns 68,697 shares of the financial services provider's stock worth $10,670,000 after acquiring an additional 2,158 shares during the last quarter. Finally, Select Equity Group L.P. purchased a new stake in shares of Raymond James during the fourth quarter worth about $81,611,000. Hedge funds and other institutional investors own 83.83% of the company's stock.

Raymond James Stock Performance

NYSE:RJF traded down $0.59 during trading hours on Friday, reaching $147.14. The company had a trading volume of 719,558 shares, compared to its average volume of 1,304,876. Raymond James has a 1-year low of $104.24 and a 1-year high of $174.32. The firm has a market cap of $29.69 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 0.90 and a beta of 1.02. The business's 50 day moving average price is $140.25 and its 200-day moving average price is $152.18. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.03 and a quick ratio of 1.01.

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 analysts' consensus estimates of $2.44 by ($0.02). The company 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%. The company's revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.31 earnings per share. Research analysts forecast that Raymond James will post 11.17 EPS for the current year.

Raymond James Dividend Announcement

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

Wall Street Analysts Forecast Growth

RJF has been the topic of a number of research analyst reports. Wall Street Zen lowered Raymond James from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Citigroup decreased their target price on Raymond James from $180.00 to $150.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods lifted their target price on Raymond James from $170.00 to $177.00 and gave the stock a "market perform" rating in a report on Thursday, January 30th. The Goldman Sachs Group decreased their target price on Raymond James from $198.00 to $173.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. decreased their target price on Raymond James from $149.00 to $143.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $153.82.

Insider Transactions at Raymond James

In other news, insider James E. Bunn sold 3,650 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 78,227 shares of the company's stock, valued at $10,677,203.23. This represents a 4.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.54% of the company's stock.

Raymond James 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.