Barnes Pettey Financial Advisors LLC Has $3.80 Million Position in Raymond James (NYSE:RJF)

Barnes Pettey Financial Advisors LLC lessened its holdings in shares of Raymond James (NYSE:RJF) by 13.2% during the 4th quarter, Holdings Channel reports. The firm owned 24,464 shares of the financial services provider’s stock after selling 3,726 shares during the period. Raymond James comprises about 2.9% of Barnes Pettey Financial Advisors LLC’s portfolio, making the stock its 7th biggest holding. Barnes Pettey Financial Advisors LLC’s holdings in Raymond James were worth $3,800,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Franklin Resources Inc. raised its stake in Raymond James by 1.6% during the third quarter. Franklin Resources Inc. now owns 568,070 shares of the financial services provider’s stock valued at $73,940,000 after purchasing an additional 9,217 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Raymond James in the 3rd quarter worth about $3,561,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Raymond James by 1.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 473,140 shares of the financial services provider’s stock valued at $57,941,000 after buying an additional 7,028 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Raymond James by 7,238.7% in the 4th quarter. UMB Bank n.a. now owns 45,353 shares of the financial services provider’s stock valued at $7,045,000 after acquiring an additional 44,735 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in Raymond James by 109.3% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 111,462 shares of the financial services provider’s stock worth $13,778,000 after acquiring an additional 58,200 shares in the last quarter. 83.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on RJF shares. Jefferies Financial Group upped their price objective on Raymond James from $123.00 to $126.00 and gave the company a “hold” rating in a research report on Friday, October 4th. JMP Securities increased their price target on Raymond James from $175.00 to $190.00 and gave the company a “market outperform” rating in a report on Thursday. Wells Fargo & Company lifted their price objective on shares of Raymond James from $168.00 to $176.00 and gave the stock an “equal weight” rating in a research note on Thursday. Morgan Stanley increased their target price on shares of Raymond James from $132.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Finally, UBS Group raised shares of Raymond James from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $166.09.

Insider Buying and Selling at Raymond James

In other news, insider Bella Loykhter Allaire sold 1,170 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $169.43, for a total transaction of $198,233.10. Following the sale, the insider now directly owns 80,421 shares in the company, valued at $13,625,730.03. This trade represents a 1.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tashtego S. Elwyn sold 10,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $159.47, for a total value of $1,594,700.00. Following the completion of the transaction, the insider now directly owns 32,688 shares of the company’s stock, valued at $5,212,755.36. The trade was a 23.43 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 64,621 shares of company stock valued at $10,729,488. 0.54% of the stock is owned by company insiders.

Raymond James Stock Performance

RJF opened at $170.51 on Friday. The firm has a 50 day moving average of $162.29 and a two-hundred day moving average of $139.61. The firm has a market capitalization of $34.85 billion, a PE ratio of 16.64, a P/E/G ratio of 1.05 and a beta of 1.02. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. Raymond James has a 12-month low of $104.24 and a 12-month high of $174.32.

Raymond James (NYSE:RJF) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.31. Raymond James had a net margin of 14.06% and a return on equity of 19.99%. On average, analysts anticipate that Raymond James will post 11.02 EPS for the current year.

Raymond James Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were given a dividend of $0.50 per share. This is a boost from Raymond James’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Thursday, January 2nd. Raymond James’s dividend payout ratio (DPR) is currently 19.51%.

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.