Raymond James (NYSE:RJF) Shares Bought by Bank of New Hampshire

Bank of New Hampshire grew its holdings in shares of Raymond James (NYSE:RJF) by 99,290.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,939 shares of the financial services provider’s stock after purchasing an additional 9,929 shares during the period. Bank of New Hampshire’s holdings in Raymond James were worth $1,544,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wellington Management Group LLP grew its position in Raymond James by 31.4% in the 3rd quarter. Wellington Management Group LLP now owns 12,114,502 shares of the financial services provider’s stock valued at $1,483,542,000 after buying an additional 2,898,242 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Raymond James by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 4,544,610 shares of the financial services provider’s stock valued at $556,533,000 after acquiring an additional 488,245 shares in the last quarter. Ceredex Value Advisors LLC increased its stake in shares of Raymond James by 191.3% during the third quarter. Ceredex Value Advisors LLC now owns 722,393 shares of the financial services provider’s stock valued at $88,464,000 after acquiring an additional 474,443 shares during the period. AGF Management Ltd. raised its holdings in Raymond James by 17.2% during the second quarter. AGF Management Ltd. now owns 2,580,467 shares of the financial services provider’s stock worth $318,972,000 after purchasing an additional 378,033 shares in the last quarter. Finally, Two Sigma Advisers LP acquired a new stake in Raymond James in the third quarter worth approximately $34,105,000. 83.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Bella Loykhter Allaire sold 1,170 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $169.43, for a total transaction of $198,233.10. Following the transaction, the insider now owns 80,421 shares of the company’s stock, valued at approximately $13,625,730.03. This trade represents a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Paul C. Reilly sold 50,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 283,110 shares of the company’s stock, valued at $47,364,303. This represents a 15.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 64,621 shares of company stock worth $10,729,488. Corporate insiders own 9.74% of the company’s stock.

Raymond James Stock Down 1.9 %

NYSE:RJF traded down $3.07 during trading hours on Tuesday, hitting $156.80. 50,278 shares of the company’s stock traded hands, compared to its average volume of 638,634. Raymond James has a twelve month low of $104.24 and a twelve month high of $171.38. The firm has a market cap of $31.99 billion, a P/E ratio of 16.15, a P/E/G ratio of 0.91 and a beta of 1.02. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.02. The stock’s fifty day moving average price is $159.21 and its two-hundred day moving average price is $134.29.

Raymond James (NYSE:RJF) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.54. Raymond James had a net margin of 13.86% and a return on equity of 19.30%. The business had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period in the prior year, the firm earned $2.13 earnings per share. The firm’s revenue was up 13.4% compared to the same quarter last year. On average, research analysts expect that Raymond James will post 10.85 earnings per share for the current fiscal year.

Raymond James Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd will be paid a $0.50 dividend. The ex-dividend date is Thursday, January 2nd. This is an increase from Raymond James’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.28%. Raymond James’s dividend payout ratio is 20.60%.

Analysts Set New Price Targets

A number of analysts have recently commented on RJF shares. Bank of America boosted their price objective on Raymond James from $136.00 to $152.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. The Goldman Sachs Group raised shares of Raymond James from a “neutral” rating to a “buy” rating and upped their price target for the company from $161.00 to $185.00 in a report on Monday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $166.00 price objective (up previously from $151.00) on shares of Raymond James in a research note on Tuesday. JMP Securities upped their price target on Raymond James from $146.00 to $150.00 and gave the company a “market outperform” rating in a report on Thursday, October 24th. Finally, TD Cowen increased their price objective on Raymond James from $128.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Raymond James has an average rating of “Hold” and a consensus target price of $152.73.

Raymond James Company 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.