FSM Wealth Advisors LLC Makes New Investment in Raymond James (NYSE:RJF)

FSM Wealth Advisors LLC bought a new stake in shares of Raymond James (NYSE:RJF) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,297 shares of the financial services provider’s stock, valued at approximately $214,000.

Several other large investors have also recently made changes to their positions in RJF. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Raymond James by 15.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,965 shares of the financial services provider’s stock worth $367,000 after acquiring an additional 404 shares in the last quarter. Quarry LP purchased a new position in Raymond James during the second quarter worth approximately $29,000. Cetera Investment Advisers grew its holdings in Raymond James by 6.3% in the second quarter. Cetera Investment Advisers now owns 23,013 shares of the financial services provider’s stock valued at $2,845,000 after purchasing an additional 1,357 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Raymond James in the second quarter valued at approximately $2,846,000. Finally, Czech National Bank raised its stake in shares of Raymond James by 6.2% during the 3rd quarter. Czech National Bank now owns 37,757 shares of the financial services provider’s stock worth $4,624,000 after buying an additional 2,208 shares during the period. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Raymond James

In other Raymond James news, CEO Paul C. Reilly sold 50,000 shares of Raymond James stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $167.30, for a total value of $8,365,000.00. Following the completion of the transaction, the chief executive officer now directly owns 283,110 shares of the company’s stock, valued at $47,364,303. The trade was a 15.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Bella Loykhter Allaire sold 3,451 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $165.62, for a total transaction of $571,554.62. Following the sale, the insider now directly owns 80,421 shares in the company, valued at $13,319,326.02. This represents a 4.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 64,621 shares of company stock worth $10,729,488 over the last three months. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on RJF. JPMorgan Chase & Co. boosted their price target on shares of Raymond James from $166.00 to $172.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Keefe, Bruyette & Woods raised their price target on shares of Raymond James from $170.00 to $177.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. Bank of America boosted their price objective on Raymond James from $198.00 to $201.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. TD Cowen raised their target price on Raymond James from $128.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Finally, UBS Group upgraded Raymond James from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $166.09.

Raymond James Stock Down 1.5 %

RJF stock opened at $165.99 on Tuesday. Raymond James has a one year low of $104.24 and a one year high of $174.32. The firm has a market cap of $33.92 billion, a PE ratio of 16.19, a PEG ratio of 0.98 and a beta of 1.02. The firm’s 50 day moving average price is $162.33 and its 200-day moving average price is $140.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.02.

Raymond James (NYSE:RJF) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.31. Raymond James had a return on equity of 19.99% and a net margin of 14.06%. On average, equities research analysts anticipate that Raymond James will post 11.16 EPS for the current year.

Raymond James Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Thursday, January 2nd. This is a positive change from Raymond James’s previous quarterly dividend of $0.45. Raymond James’s dividend payout ratio (DPR) is 19.51%.

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.