Vanguard Personalized Indexing Management LLC Acquires 8,194 Shares of Raymond James (NYSE:RJF)

Vanguard Personalized Indexing Management LLC grew its holdings in shares of Raymond James (NYSE:RJF - Free Report) by 44.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,733 shares of the financial services provider's stock after purchasing an additional 8,194 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Raymond James were worth $2,981,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Steph & Co. lifted its stake in shares of Raymond James by 9.3% during the 4th quarter. Steph & Co. now owns 1,067 shares of the financial services provider's stock valued at $119,000 after buying an additional 91 shares in the last quarter. Federated Hermes Inc. lifted its stake in Raymond James by 12.4% in the 4th quarter. Federated Hermes Inc. now owns 873 shares of the financial services provider's stock worth $97,000 after purchasing an additional 96 shares in the last quarter. Addison Advisors LLC boosted its holdings in Raymond James by 32.9% in the 3rd quarter. Addison Advisors LLC now owns 416 shares of the financial services provider's stock valued at $42,000 after purchasing an additional 103 shares during the period. Great Valley Advisor Group Inc. increased its holdings in shares of Raymond James by 3.2% in the third quarter. Great Valley Advisor Group Inc. now owns 3,855 shares of the financial services provider's stock worth $387,000 after purchasing an additional 118 shares during the period. Finally, Greenleaf Trust raised its position in shares of Raymond James by 3.3% in the third quarter. Greenleaf Trust now owns 3,683 shares of the financial services provider's stock worth $370,000 after buying an additional 118 shares in the last quarter. Institutional investors own 83.83% of the company's stock.

Insider Activity

In other news, CEO Steven M. Raney sold 4,174 shares of Raymond James stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $121.01, for a total value of $505,095.74. Following the sale, the chief executive officer now directly owns 51,009 shares of the company's stock, valued at $6,172,599.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Steven M. Raney sold 4,174 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 51,009 shares of the company's stock, valued at approximately $6,172,599.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider James E. Bunn sold 11,095 shares of the business's stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $124.44, for a total value of $1,380,661.80. Following the sale, the insider now directly owns 46,977 shares in the company, valued at $5,845,817.88. The disclosure for this sale can be found here. Company insiders own 9.74% of the company's stock.

Analysts Set New Price Targets

RJF has been the topic of a number of research reports. Keefe, Bruyette & Woods lowered their price target on Raymond James from $132.00 to $131.00 and set a "market perform" rating on the stock in a research report on Thursday, April 25th. TD Cowen dropped their target price on Raymond James from $131.00 to $126.00 and set a "hold" rating for the company in a research report on Thursday, April 25th. JMP Securities reiterated a "market perform" rating on shares of Raymond James in a research report on Tuesday, April 9th. UBS Group lowered their price objective 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. Finally, Morgan Stanley increased their target price on shares of Raymond James from $113.00 to $123.00 and gave the company an "equal weight" rating in a report on Tuesday, April 9th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Raymond James currently has an average rating of "Hold" and a consensus price target of $126.22.

Raymond James Stock Performance

Shares of Raymond James stock traded up $0.34 during trading on Wednesday, hitting $127.30. 1,120,311 shares of the company's stock traded hands, compared to its average volume of 1,047,470. Raymond James has a 1 year low of $85.66 and a 1 year high of $131.19. The business has a 50-day simple moving average of $124.54 and a 200-day simple moving average of $115.09. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.01 and a quick ratio of 0.98. The stock has a market capitalization of $26.39 billion, a P/E ratio of 15.39, a PEG ratio of 0.85 and a beta of 1.03.

Raymond James (NYSE:RJF - Get Free Report) last announced its earnings results 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 firm had revenue of $3.12 billion during the quarter, compared to analysts' expectations of $3.15 billion. Raymond James had a return on equity of 17.94% and a net margin of 12.72%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.03 earnings per share. As a group, analysts forecast that Raymond James will post 9.56 EPS for the current year.

Raymond James Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were given a $0.45 dividend. The ex-dividend date was Thursday, March 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.41%. Raymond James's payout ratio is currently 21.77%.

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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