We Are One Seven LLC Purchases Shares of 4,534 Raymond James Financial (RJF)

We Are One Seven LLC purchased a new stake in Raymond James Financial (NYSE:RJF) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 4,534 shares of the financial services provider’s stock, valued at approximately $405,000.

Other large investors also recently made changes to their positions in the company. CIBC Asset Management Inc increased its position in shares of Raymond James Financial by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 13,215 shares of the financial services provider’s stock valued at $1,180,000 after buying an additional 637 shares in the last quarter. Eqis Capital Management Inc. increased its position in shares of Raymond James Financial by 4.0% in the fourth quarter. Eqis Capital Management Inc. now owns 16,781 shares of the financial services provider’s stock valued at $1,499,000 after buying an additional 646 shares in the last quarter. Norinchukin Bank The increased its position in shares of Raymond James Financial by 12.8% in the third quarter. Norinchukin Bank The now owns 5,711 shares of the financial services provider’s stock valued at $482,000 after buying an additional 650 shares in the last quarter. Wright Investors Service Inc. increased its position in shares of Raymond James Financial by 19.1% in the fourth quarter. Wright Investors Service Inc. now owns 4,248 shares of the financial services provider’s stock valued at $379,000 after buying an additional 681 shares in the last quarter. Finally, Boston Advisors LLC increased its position in shares of Raymond James Financial by 0.9% in the fourth quarter. Boston Advisors LLC now owns 79,611 shares of the financial services provider’s stock valued at $7,109,000 after buying an additional 733 shares in the last quarter. 70.93% of the stock is owned by institutional investors.

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RJF has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upgraded Raymond James Financial from a “market perform” rating to an “outperform” rating and set a $74.00 price objective for the company in a research report on Monday, February 26th. Credit Suisse Group restated a “hold” rating and issued a $82.00 price objective on shares of Raymond James Financial in a research report on Wednesday, January 3rd. Wells Fargo restated an “outperform” rating and issued a $110.00 price objective (up from $94.00) on shares of Raymond James Financial in a research report on Thursday, January 4th. Buckingham Research boosted their price objective on Raymond James Financial from $113.00 to $117.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, ValuEngine upgraded Raymond James Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $95.29.

Shares of Raymond James Financial (NYSE:RJF) opened at $91.60 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.12 and a current ratio of 1.14. Raymond James Financial has a 12-month low of $71.35 and a 12-month high of $99.26. The company has a market capitalization of $14,102.81, a P/E ratio of 22.23, a P/E/G ratio of 0.83 and a beta of 1.61.

Raymond James Financial (NYSE:RJF) last issued its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $1.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.19. Raymond James Financial had a return on equity of 14.87% and a net margin of 9.00%. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the business earned $1.07 earnings per share. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. analysts predict that Raymond James Financial will post 6.89 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Thursday, March 29th. Raymond James Financial’s payout ratio is 24.27%.

In other Raymond James Financial news, insider Tashtego S. Elwyn sold 7,275 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $97.36, for a total transaction of $708,294.00. Following the transaction, the insider now owns 10,871 shares of the company’s stock, valued at $1,058,400.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Dennis W. Zank sold 20,003 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $98.63, for a total value of $1,972,895.89. Following the transaction, the chief operating officer now directly owns 150,849 shares in the company, valued at approximately $14,878,236.87. The disclosure for this sale can be found here. Insiders have sold 38,878 shares of company stock valued at $3,774,080 over the last quarter. 10.46% of the stock is owned by company insiders.

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Raymond James Financial 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.

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

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