Bradley Foster & Sargent Inc. CT Sells 100 Shares of Raymond James (NYSE:RJF)

Bradley Foster & Sargent Inc. CT decreased its holdings in shares of Raymond James (NYSE:RJF) by 1.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 6,615 shares of the financial services provider’s stock after selling 100 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Raymond James were worth $1,028,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Gladius Capital Management LP acquired a new stake in Raymond James during the 3rd quarter worth $34,000. Y.D. More Investments Ltd lifted its stake in shares of Raymond James by 121.0% in the 4th quarter. Y.D. More Investments Ltd now owns 232 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 127 shares during the period. Peterson Financial Group Inc. bought a new position in shares of Raymond James in the 3rd quarter worth $37,000. Quarry LP grew its stake in shares of Raymond James by 80.3% during the third quarter. Quarry LP now owns 420 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 187 shares during the period. Finally, Eastern Bank bought a new stake in Raymond James in the fourth quarter valued at about $68,000. 83.83% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Raymond James news, insider Tashtego S. Elwyn sold 10,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $159.47, for a total transaction of $1,594,700.00. Following the sale, 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Bella Loykhter Allaire sold 3,451 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $165.62, for a total value of $571,554.62. Following the completion of the transaction, the insider now owns 80,421 shares of the company’s stock, valued at $13,319,326.02. The trade was a 4.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 64,621 shares of company stock worth $10,729,488. 0.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

RJF has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods raised their target price on Raymond James from $170.00 to $177.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. StockNews.com cut shares of Raymond James from a “buy” rating to a “hold” rating in a report on Monday, February 10th. JPMorgan Chase & Co. upped their target price on shares of Raymond James from $166.00 to $172.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Morgan Stanley lifted their price target on shares of Raymond James from $132.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Finally, Wells Fargo & Company upped their price objective on shares of Raymond James from $168.00 to $176.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Nine equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Raymond James presently has an average rating of “Hold” and a consensus target price of $166.09.

Raymond James Stock Performance

RJF opened at $151.34 on Friday. The company has a market capitalization of $31.01 billion, a price-to-earnings ratio of 14.77, a P/E/G ratio of 0.90 and a beta of 1.03. The business’s 50-day moving average price is $161.30 and its two-hundred day moving average price is $145.31. Raymond James has a 1 year low of $104.24 and a 1 year high of $174.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.03 and a quick ratio of 1.01.

Raymond James (NYSE:RJF) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.31. Raymond James had a return on equity of 19.71% and a net margin of 14.06%. Equities analysts expect that Raymond James will post 11.17 EPS for the current fiscal year.

Raymond James Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.32%. Raymond James’s dividend payout ratio is presently 19.51%.

About Raymond James

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.