Yousif Capital Management LLC Trims Stake in Raymond James (NYSE:RJF)

Yousif Capital Management LLC lowered its holdings in shares of Raymond James (NYSE:RJF - Free Report) by 25.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 25,671 shares of the financial services provider's stock after selling 8,957 shares during the period. Yousif Capital Management LLC's holdings in Raymond James were worth $2,862,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wellington Management Group LLP boosted its holdings in shares of Raymond James by 2.2% during the third quarter. Wellington Management Group LLP now owns 11,570,058 shares of the financial services provider's stock worth $1,161,981,000 after acquiring an additional 246,349 shares during the period. Earnest Partners LLC boosted its holdings in shares of Raymond James by 4.8% during the third quarter. Earnest Partners LLC now owns 2,165,025 shares of the financial services provider's stock worth $217,433,000 after acquiring an additional 98,664 shares during the period. Northern Trust Corp boosted its holdings in shares of Raymond James by 2.5% during the third quarter. Northern Trust Corp now owns 2,082,598 shares of the financial services provider's stock worth $209,155,000 after acquiring an additional 51,239 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Raymond James by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 1,368,766 shares of the financial services provider's stock worth $137,465,000 after acquiring an additional 15,227 shares during the period. Finally, Ceredex Value Advisors LLC boosted its holdings in shares of Raymond James by 8.6% during the third quarter. Ceredex Value Advisors LLC now owns 768,046 shares of the financial services provider's stock worth $77,455,000 after acquiring an additional 60,728 shares during the period. Institutional investors own 83.83% of the company's stock.

Raymond James Price Performance

RJF traded up $1.33 during trading on Monday, hitting $123.19. 1,110,990 shares of the stock traded hands, compared to its average volume of 1,078,909. Raymond James has a twelve month low of $82.00 and a twelve month high of $131.19. The company has a market cap of $25.75 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 0.85 and a beta of 1.05. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.99 and a quick ratio of 0.97. The business has a 50 day moving average price of $123.20 and a 200 day moving average price of $112.85.

Raymond James (NYSE:RJF - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $2.31 EPS for the quarter, missing analysts' consensus estimates of $2.32 by ($0.01). Raymond James had a net margin of 12.72% and a return on equity of 18.24%. The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter in the previous year, the company posted $2.03 earnings per share. The firm's revenue was up 8.6% on a year-over-year basis. Equities research analysts forecast that Raymond James will post 9.37 earnings per share for the current fiscal year.

Raymond James Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Thursday, March 28th. Raymond James's payout ratio is 21.77%.

Insider Activity

In related news, Director Art A. Garcia acquired 879 shares of the firm's stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average cost of $112.30 per share, for a total transaction of $98,711.70. Following the completion of the acquisition, the director now directly owns 879 shares of the company's stock, valued at approximately $98,711.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Art A. Garcia acquired 879 shares of the firm's stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average cost of $112.30 per share, for a total transaction of $98,711.70. Following the completion of the acquisition, the director now directly owns 879 shares of the company's stock, valued at approximately $98,711.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Steven M. Raney sold 4,174 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $121.01, for a total value of $505,095.74. Following the completion of the sale, the chief executive officer now owns 51,009 shares of the company's stock, valued at $6,172,599.09. The disclosure for this sale can be found here. 9.74% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

RJF has been the subject of a number of research analyst reports. TD Cowen reduced their price objective on Raymond James from $131.00 to $126.00 and set a "hold" rating for the company in a report on Thursday. The Goldman Sachs Group reiterated a "neutral" rating and issued a $116.00 price target (down from $125.00) on shares of Raymond James in a research report on Wednesday, January 3rd. Morgan Stanley lifted their price target on shares of Raymond James from $113.00 to $123.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 9th. Jefferies Financial Group reiterated a "hold" rating and issued a $117.00 price target (up from $112.00) on shares of Raymond James in a research report on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Raymond James from $132.00 to $131.00 and set a "market perform" rating for the company in a research report on Thursday. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $126.22.

Raymond James 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.