10,988 Shares in Raymond James (NYSE:RJF) Acquired by Woodline Partners LP

Woodline Partners LP acquired a new position in shares of Raymond James (NYSE:RJF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,988 shares of the financial services provider's stock, valued at approximately $1,707,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Barclays PLC grew its holdings in Raymond James by 33.5% during the third 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 in the last quarter. JPMorgan Chase & Co. boosted its holdings 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 acquiring an additional 488,245 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Raymond James by 92.7% in the 4th quarter. SG Americas Securities LLC now owns 14,267 shares of the financial services provider's stock worth $2,216,000 after acquiring an additional 6,865 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Raymond James by 0.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 35,095 shares of the financial services provider's stock worth $5,451,000 after acquiring an additional 249 shares in the last quarter. Finally, CX Institutional raised its holdings in shares of Raymond James by 2.9% in the fourth quarter. CX Institutional now owns 2,323 shares of the financial services provider's stock valued at $361,000 after purchasing an additional 66 shares during the last quarter. 83.83% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, 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 completion of the transaction, the insider now directly owns 78,227 shares in the company, valued at $10,677,203.23. The trade was a 4.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by insiders.

Raymond James Stock Performance

Shares of RJF traded down $1.73 during trading hours on Wednesday, hitting $146.30. The company's stock had a trading volume of 836,704 shares, compared to its average volume of 1,303,787. The business has a 50 day simple moving average of $140.10 and a two-hundred day simple moving average of $152.33. Raymond James has a 52-week low of $104.24 and a 52-week high of $174.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.03 and a quick ratio of 1.01. The company has a market cap of $29.52 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 0.90 and a beta of 1.02.

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

Raymond James Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, July 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.37%. Raymond James's payout ratio is 19.25%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Raymond James from $149.00 to $143.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group decreased 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 on the stock. in a report on Wednesday, April 30th. Wells Fargo & Company reduced their price objective on Raymond James from $176.00 to $143.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Finally, Citigroup lowered their target price on Raymond James from $180.00 to $150.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Eleven 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 stock. According to MarketBeat.com, Raymond James has an average rating of "Hold" and a consensus price target of $153.82.

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.