TriaGen Wealth Management LLC Purchases Shares of 29,352 Raymond James (NYSE:RJF)

TriaGen Wealth Management LLC purchased a new stake in shares of Raymond James (NYSE:RJF - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 29,352 shares of the financial services provider's stock, valued at approximately $3,273,000. Raymond James makes up 1.6% of TriaGen Wealth Management LLC's holdings, making the stock its 11th biggest holding.

Several other institutional investors have also added to or reduced their stakes in the company. Drive Wealth Management LLC grew its holdings in Raymond James by 6.4% during the 4th quarter. Drive Wealth Management LLC now owns 2,467 shares of the financial services provider's stock valued at $276,000 after buying an additional 149 shares in the last quarter. Fifth Third Bancorp grew its holdings in Raymond James by 2.3% during the 4th quarter. Fifth Third Bancorp now owns 42,920 shares of the financial services provider's stock valued at $4,786,000 after buying an additional 948 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in Raymond James by 13.2% during the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 420,524 shares of the financial services provider's stock valued at $46,888,000 after buying an additional 49,161 shares in the last quarter. Blue Trust Inc. grew its holdings in Raymond James by 12.3% during the 4th quarter. Blue Trust Inc. now owns 2,439 shares of the financial services provider's stock valued at $272,000 after buying an additional 268 shares in the last quarter. Finally, Tectonic Advisors LLC grew its holdings in Raymond James by 8.1% during the 4th quarter. Tectonic Advisors LLC now owns 3,369 shares of the financial services provider's stock valued at $376,000 after buying an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 83.83% of the company's stock.

Insider Buying and Selling

In related news, EVP Jonathan N. Santelli sold 1,891 shares of the business's stock in a transaction on Monday, January 29th. The stock was sold at an average price of $111.91, for a total transaction of $211,621.81. Following the transaction, the executive vice president now directly owns 21,491 shares in the company, valued at approximately $2,405,057.81. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Art A. Garcia bought 879 shares of the stock in a transaction dated Friday, February 9th. The shares were purchased at an average price of $112.30 per share, for a total transaction of $98,711.70. Following the completion of the purchase, the director now directly owns 879 shares of the company's stock, valued at $98,711.70. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Jonathan N. Santelli sold 1,891 shares of the company's stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $111.91, for a total value of $211,621.81. Following the completion of the sale, the executive vice president now owns 21,491 shares in the company, valued at approximately $2,405,057.81. The disclosure for this sale can be found here. 9.74% of the stock is owned by company insiders.

Raymond James Stock Up 0.1 %

NYSE RJF traded up $0.10 on Monday, reaching $128.52. 735,124 shares of the stock traded hands, compared to its average volume of 1,034,328. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 0.99. The company has a fifty day moving average price of $118.35 and a 200-day moving average price of $109.30. The company has a market cap of $26.86 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 1.06 and a beta of 1.05. Raymond James has a 12 month low of $82.00 and a 12 month high of $128.72.

Raymond James (NYSE:RJF - Get Free Report) last released its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $2.40 EPS for the quarter, topping the consensus estimate of $2.25 by $0.15. The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.01 billion. Raymond James had a return on equity of 17.95% and a net margin of 12.81%. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.29 EPS. As a group, research analysts forecast that Raymond James will post 9.2 EPS for the current fiscal year.

Raymond James Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 1st will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Thursday, March 28th. Raymond James's payout ratio is 22.56%.

Analyst Upgrades and Downgrades

RJF has been the subject of a number of recent research reports. StockNews.com cut Raymond James from a "buy" rating to a "hold" rating in a report on Friday, February 9th. Morgan Stanley lifted their target price on Raymond James from $106.00 to $113.00 and gave the stock an "equal weight" rating in a report on Monday, January 29th. TD Cowen lifted their target price on Raymond James from $116.50 to $131.00 and gave the stock a "market perform" rating in a report on Friday, March 22nd. UBS Group dropped their target price on Raymond James from $116.00 to $115.00 and set a "neutral" rating for the company in a report on Thursday, January 25th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $116.00 target price (down previously from $125.00) on shares of Raymond James in a report on Wednesday, January 3rd. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Raymond James has a consensus rating of "Hold" and a consensus target price of $120.50.

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.

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