MFA Wealth Advisors LLC Has $496,000 Stock Position in Raymond James (NYSE:RJF)

MFA Wealth Advisors LLC grew its position in Raymond James (NYSE:RJF) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,051 shares of the financial services provider’s stock after purchasing an additional 105 shares during the period. MFA Wealth Advisors LLC’s holdings in Raymond James were worth $496,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Concurrent Investment Advisors LLC increased its holdings in Raymond James by 36.9% in the first quarter. Concurrent Investment Advisors LLC now owns 8,640 shares of the financial services provider’s stock worth $1,109,000 after buying an additional 2,328 shares during the last quarter. Norden Group LLC increased its stake in shares of Raymond James by 3,257.7% during the 1st quarter. Norden Group LLC now owns 84,949 shares of the financial services provider’s stock worth $10,908,000 after purchasing an additional 82,419 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Raymond James by 5.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 225,331 shares of the financial services provider’s stock worth $28,937,000 after purchasing an additional 11,427 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Raymond James by 1,138.5% during the 1st quarter. Bessemer Group Inc. now owns 19,036 shares of the financial services provider’s stock valued at $2,445,000 after purchasing an additional 17,499 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Raymond James by 44.6% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 17,600 shares of the financial services provider’s stock valued at $2,260,000 after purchasing an additional 5,427 shares during the last quarter. 83.83% of the stock is owned by hedge funds and other institutional investors.

Raymond James Stock Performance

NYSE RJF opened at $137.36 on Thursday. The company’s fifty day moving average is $122.56 and its two-hundred day moving average is $120.96. The firm has a market capitalization of $28.29 billion, a price-to-earnings ratio of 15.49, a P/E/G ratio of 0.96 and a beta of 1.02. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.02 and a quick ratio of 0.99. Raymond James has a 52-week low of $91.67 and a 52-week high of $139.40.

Raymond James (NYSE:RJF) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.08. Raymond James had a return on equity of 18.44% and a net margin of 13.16%. The firm had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period in the previous year, the company posted $1.85 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. Equities research analysts forecast that Raymond James will post 9.55 EPS for the current year.

Raymond James Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were paid a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.31%. Raymond James’s payout ratio is 20.29%.

Insider Buying and Selling

In other Raymond James news, CEO Tashtego S. Elwyn sold 31,277 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $109.64, for a total value of $3,429,210.28. Following the sale, the chief executive officer now owns 35,380 shares of the company’s stock, valued at $3,879,063.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Raymond James news, CEO Tashtego S. Elwyn sold 31,277 shares of Raymond James stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $109.64, for a total transaction of $3,429,210.28. Following the sale, the chief executive officer now directly owns 35,380 shares of the company’s stock, valued at approximately $3,879,063.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bella Loykhter Allaire sold 17,363 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $115.00, for a total value of $1,996,745.00. Following the completion of the transaction, the executive vice president now directly owns 75,586 shares of the company’s stock, valued at approximately $8,692,390. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.74% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RJF. Wolfe Research restated a “peer perform” rating on shares of Raymond James in a report on Monday, July 8th. The Goldman Sachs Group cut their price objective on Raymond James from $127.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday, September 26th. JMP Securities raised Raymond James from a “market perform” rating to a “market outperform” rating and set a $146.00 target price for the company in a research report on Wednesday, October 9th. TD Cowen increased their price target on Raymond James from $130.00 to $133.00 and gave the company a “hold” rating in a report on Monday, July 8th. Finally, UBS Group reduced their price objective on shares of Raymond James from $138.00 to $135.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Raymond James has a consensus rating of “Hold” and a consensus target price of $133.36.

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.