Raymond James (NYSE:RJF) Stock Position Decreased by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT lowered its holdings in Raymond James (NYSE:RJFFree Report) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,491 shares of the financial services provider’s stock after selling 185 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Raymond James were worth $387,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wolff Wiese Magana LLC raised its position in shares of Raymond James by 3,960.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 203 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 198 shares during the period. Quarry LP acquired a new stake in Raymond James in the second quarter worth $29,000. Future Financial Wealth Managment LLC bought a new stake in Raymond James in the third quarter valued at $32,000. Gladius Capital Management LP acquired a new position in shares of Raymond James during the third quarter valued at $34,000. Finally, Peterson Financial Group Inc. bought a new position in shares of Raymond James during the third quarter worth about $37,000. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Citigroup lifted their price objective on shares of Raymond James from $145.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. Wells Fargo & Company increased their price objective on Raymond James from $168.00 to $176.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. The Goldman Sachs Group upgraded Raymond James from a “neutral” rating to a “buy” rating and raised their target price for the company from $161.00 to $185.00 in a research report on Monday, January 6th. Morgan Stanley increased their price target on Raymond James from $132.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Finally, UBS Group upgraded shares of Raymond James from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $166.09.

View Our Latest Report on Raymond James

Raymond James Price Performance

Shares of NYSE RJF opened at $164.64 on Wednesday. Raymond James has a twelve month low of $104.24 and a twelve month high of $174.32. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average of $162.25 and a two-hundred day moving average of $141.10. The company has a market capitalization of $33.65 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 0.98 and a beta of 1.03.

Raymond James (NYSE:RJFGet Free Report) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.62 by $0.31. Raymond James had a net margin of 14.06% and a return on equity of 19.99%. As a group, analysts expect that Raymond James will post 11.16 earnings per share for the current fiscal year.

Raymond James Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.21%. This is a boost from Raymond James’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, January 2nd. Raymond James’s payout ratio is presently 19.51%.

Insider Transactions at Raymond James

In other Raymond James news, CEO Paul C. Reilly sold 50,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $167.30, for a total transaction of $8,365,000.00. Following the sale, the chief executive officer now owns 283,110 shares in the company, valued at approximately $47,364,303. The trade was a 15.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tashtego S. Elwyn sold 10,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $159.47, for a total transaction of $1,594,700.00. Following the completion of the transaction, the insider now owns 32,688 shares of the company’s stock, valued at approximately $5,212,755.36. The trade was a 23.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 64,621 shares of company stock valued at $10,729,488 over the last three months. Company insiders own 0.54% of the company’s stock.

Raymond James Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Raymond James (NYSE:RJF)

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