Raymond James (NYSE:RJF) Stock Holdings Trimmed by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC lessened its position in shares of Raymond James (NYSE:RJF) by 2.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 28,102 shares of the financial services provider’s stock after selling 801 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Raymond James were worth $3,441,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Wolff Wiese Magana LLC boosted its holdings in shares of Raymond James by 3,960.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 203 shares of the financial services provider’s stock valued at $25,000 after buying an additional 198 shares during the period. Quarry LP bought a new position in Raymond James in the second quarter worth about $29,000. Smithfield Trust Co boosted its stake in Raymond James by 105.0% in the first quarter. Smithfield Trust Co now owns 246 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 126 shares during the period. Covestor Ltd grew its holdings in shares of Raymond James by 77.0% during the first quarter. Covestor Ltd now owns 239 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 104 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Raymond James during the 3rd quarter worth approximately $32,000. Institutional investors own 83.83% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. JMP Securities boosted their price objective on Raymond James from $146.00 to $150.00 and gave the company a “market outperform” rating in a research report on Thursday. Jefferies Financial Group boosted their price target on shares of Raymond James from $123.00 to $126.00 and gave the company a “hold” rating in a report on Friday, October 4th. Wolfe Research reaffirmed a “peer perform” rating on shares of Raymond James in a report on Monday, July 8th. UBS Group reduced their target price on shares of Raymond James from $138.00 to $135.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Finally, Wells Fargo & Company raised their price target on shares of Raymond James from $140.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $137.36.

Insider Transactions at Raymond James

In related news, EVP Bella Loykhter Allaire sold 17,363 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $115.00, for a total value of $1,996,745.00. Following the completion of the transaction, the executive vice president now owns 75,586 shares in the company, valued at $8,692,390. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Raymond James news, CEO Tashtego S. Elwyn sold 31,277 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $109.64, for a total transaction of $3,429,210.28. Following the sale, the chief executive officer now directly owns 35,380 shares of the company’s stock, valued at $3,879,063.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bella Loykhter Allaire sold 17,363 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $115.00, for a total value of $1,996,745.00. Following the completion of the sale, the executive vice president now owns 75,586 shares of the company’s stock, valued at $8,692,390. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 9.74% of the stock is owned by insiders.

Raymond James Trading Up 7.3 %

Raymond James stock opened at $147.37 on Friday. Raymond James has a 12-month low of $91.67 and a 12-month high of $148.68. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.02 and a quick ratio of 0.99. The stock has a market capitalization of $30.35 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 0.95 and a beta of 1.02. The firm has a 50 day simple moving average of $123.66 and a 200-day simple moving average of $121.26.

Raymond James (NYSE:RJF) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.54. Raymond James had a return on equity of 18.44% and a net margin of 13.16%. The firm had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period last year, the company posted $2.13 EPS. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, equities research analysts expect that Raymond James will post 9.55 EPS for the current fiscal year.

Raymond James Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Tuesday, October 1st. Raymond James’s payout ratio is 20.29%.

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.