Natixis Advisors L.P. Purchases 82,573 Shares of Raymond James (NYSE:RJF)

Natixis Advisors L.P. lifted its holdings in shares of Raymond James (NYSE:RJF - Free Report) by 29.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 364,491 shares of the financial services provider's stock after purchasing an additional 82,573 shares during the period. Natixis Advisors L.P. owned 0.17% of Raymond James worth $40,640,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. First Trust Direct Indexing L.P. lifted its holdings in Raymond James by 53.4% during the fourth quarter. First Trust Direct Indexing L.P. now owns 3,616 shares of the financial services provider's stock worth $403,000 after acquiring an additional 1,259 shares during the period. New York Life Investment Management LLC increased its stake in Raymond James by 0.5% in the 4th quarter. New York Life Investment Management LLC now owns 30,206 shares of the financial services provider's stock worth $3,368,000 after acquiring an additional 142 shares during the last quarter. Berry Wealth Group LP purchased a new stake in Raymond James in the fourth quarter valued at approximately $247,000. Brighton Jones LLC purchased a new stake in shares of Raymond James during the 4th quarter valued at $216,000. Finally, Intrust Bank NA boosted its holdings in shares of Raymond James by 4.5% in the 4th quarter. Intrust Bank NA now owns 4,968 shares of the financial services provider's stock worth $554,000 after purchasing an additional 213 shares in the last quarter. Institutional investors own 83.83% of the company's stock.

Wall Street Analyst Weigh In

RJF has been the subject of a number of analyst reports. StockNews.com lowered shares of Raymond James from a "buy" rating to a "hold" rating in a report on Friday, February 9th. TD Cowen reduced their price target on shares of Raymond James from $131.00 to $126.00 and set a "hold" rating for the company in a research report on Thursday, April 25th. Morgan Stanley upped their target price on shares of Raymond James from $113.00 to $123.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods dropped their price target on Raymond James from $132.00 to $131.00 and set a "market perform" rating on the stock in a research note on Thursday, April 25th. Finally, UBS Group reduced their target price on shares of Raymond James from $116.00 to $115.00 and set a "neutral" rating for the company in a report on Thursday, January 25th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $126.22.

Insider Activity

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

Raymond James Price Performance

Shares of RJF stock traded up $0.45 during mid-day trading on Friday, hitting $124.42. 632,234 shares of the stock were exchanged, compared to its average volume of 1,249,774. The company has a market cap of $26.01 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 0.84 and a beta of 1.03. The firm has a fifty day moving average of $123.65 and a 200 day moving average of $113.31. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 0.37. Raymond James has a 52-week low of $82.00 and a 52-week high of $131.19.

Raymond James (NYSE:RJF - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.32 by ($0.01). The business had revenue of $3.12 billion for the quarter, compared to analysts' expectations of $3.15 billion. Raymond James had a net margin of 12.72% and a return on equity of 18.24%. The firm's revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.03 EPS. Research analysts anticipate that Raymond James will post 9.56 earnings per share for the current year.

Raymond James Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Thursday, March 28th. Raymond James's payout ratio is currently 21.77%.

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.