Vise Technologies Inc. Takes $316,000 Position in Raymond James (NYSE:RJF)

Vise Technologies Inc. bought a new position in Raymond James (NYSE:RJF - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,031 shares of the financial services provider's stock, valued at approximately $316,000.

Several other hedge funds also recently made changes to their positions in RJF. Barclays PLC grew its stake in Raymond James by 33.5% during the 3rd quarter. Barclays PLC now owns 847,108 shares of the financial services provider's stock worth $103,738,000 after buying an additional 212,697 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Raymond James by 12.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,544,610 shares of the financial services provider's stock worth $556,533,000 after buying an additional 488,245 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Raymond James by 0.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 35,095 shares of the financial services provider's stock worth $5,451,000 after buying an additional 249 shares during the last quarter. Flagship Harbor Advisors LLC grew its stake in Raymond James by 6.5% during the 4th quarter. Flagship Harbor Advisors LLC now owns 2,832 shares of the financial services provider's stock worth $440,000 after buying an additional 172 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in Raymond James by 15.2% during the 4th quarter. Blue Trust Inc. now owns 5,407 shares of the financial services provider's stock worth $840,000 after buying an additional 713 shares during the last quarter. Institutional investors and hedge funds own 83.83% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on RJF shares. Citigroup lowered their price objective on Raymond James from $180.00 to $150.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. The Goldman Sachs Group reduced their price target on Raymond James from $198.00 to $173.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Bank of America lowered Raymond James from a "buy" rating to a "neutral" rating and set a $159.00 price target for the company. in a research report on Wednesday, April 30th. Morgan Stanley boosted their price target on Raymond James from $149.00 to $161.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. Finally, Wall Street Zen lowered Raymond James from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Eleven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $153.82.

Insider Activity

In other Raymond James news, insider Bella Loykhter Allaire sold 6,570 shares of the business'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 completion of the transaction, the insider now directly owns 74,586 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James E. Bunn sold 3,650 shares of the business's stock in a transaction dated Monday, April 28th. The shares were 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 directly owns 78,227 shares of the company's stock, valued at approximately $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. Insiders own 0.54% of the company's stock.

Raymond James Stock Performance

Shares of NYSE:RJF traded down $0.76 during trading on Friday, hitting $146.97. 2,849,562 shares of the stock were exchanged, compared to its average volume of 1,313,110. Raymond James has a 1-year low of $104.24 and a 1-year high of $174.32. The company has a market capitalization of $29.65 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 0.90 and a beta of 1.02. The company's fifty day simple moving average is $140.27 and its 200-day simple moving average is $151.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.03.

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 the consensus estimate of $2.44 by ($0.02). Raymond James had a net margin of 14.06% and a return on equity of 19.71%. The company had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same period in the prior year, the firm earned $2.31 EPS. Raymond James's quarterly revenue was up 9.0% compared to the same quarter last year. Sell-side analysts expect that Raymond James will post 11.17 EPS for the current fiscal year.

Raymond James Announces Dividend

The company 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 $0.50 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.36%. Raymond James's dividend payout ratio (DPR) is currently 19.25%.

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.