Mn Services Vermogensbeheer B.V. Has $12.07 Million Holdings in Raymond James (NYSE:RJF)

Mn Services Vermogensbeheer B.V. grew its position in Raymond James (NYSE:RJF) by 1.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 77,700 shares of the financial services provider’s stock after acquiring an additional 1,300 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Raymond James were worth $12,069,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Bryn Mawr Capital Management LLC acquired a new position in shares of Raymond James during the 4th quarter valued at about $208,000. Cavalier Investments LLC increased its holdings in shares of Raymond James by 4.3% during the 4th quarter. Cavalier Investments LLC now owns 8,151 shares of the financial services provider’s stock valued at $1,266,000 after acquiring an additional 336 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of Raymond James by 554.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 290,389 shares of the financial services provider’s stock valued at $45,106,000 after acquiring an additional 246,009 shares during the last quarter. Horizon Advisory Services Inc. acquired a new position in shares of Raymond James during the 4th quarter valued at about $347,000. Finally, Crestwood Advisors Group LLC increased its holdings in shares of Raymond James by 3.5% during the 4th quarter. Crestwood Advisors Group LLC now owns 1,982 shares of the financial services provider’s stock valued at $308,000 after acquiring an additional 67 shares during the last quarter. 83.83% of the stock is owned by institutional investors and hedge funds.

Raymond James Price Performance

Shares of RJF stock opened at $154.61 on Friday. The stock has a 50 day moving average of $160.97 and a two-hundred day moving average of $146.55. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35. Raymond James has a 12 month low of $104.24 and a 12 month high of $174.32. The company has a market capitalization of $31.68 billion, a P/E ratio of 15.08, a P/E/G ratio of 0.90 and a beta of 1.03.

Raymond James (NYSE:RJF) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 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%. As a group, equities analysts expect that Raymond James will post 11.17 EPS for the current year.

Raymond James Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, April 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.29%. Raymond James’s dividend payout ratio (DPR) is presently 19.51%.

Analyst Ratings Changes

A number of brokerages have recently commented on RJF. The Goldman Sachs Group raised Raymond James from a “neutral” rating to a “buy” rating and increased their price objective for the company from $161.00 to $185.00 in a report on Monday, January 6th. Wells Fargo & Company raised their target price on Raymond James from $168.00 to $176.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Keefe, Bruyette & Woods raised their target price on Raymond James from $170.00 to $177.00 and gave the company a “market perform” rating in a report on Thursday, January 30th. StockNews.com lowered Raymond James from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, JMP Securities raised their target price on Raymond James from $175.00 to $190.00 and gave the company a “market outperform” rating in a report on Thursday, January 30th. Nine 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. According to data from MarketBeat.com, Raymond James presently has a consensus rating of “Hold” and an average price target of $166.09.

Insider Buying and Selling

In related news, CEO Paul C. Reilly sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $167.30, for a total transaction of $8,365,000.00. Following the completion of the transaction, the chief executive officer now owns 283,110 shares in the company, valued at $47,364,303. This trade represents a 15.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bella Loykhter Allaire sold 3,451 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $165.62, for a total value of $571,554.62. Following the transaction, the insider now owns 80,421 shares of the company’s stock, valued at $13,319,326.02. This trade represents a 4.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 63,451 shares of company stock worth $10,531,255 in the last 90 days. 0.54% of the stock is owned by company insiders.

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.