Bokf Na Acquires 26,196 Shares of Raymond James (NYSE:RJF)

Bokf Na boosted its holdings in shares of Raymond James (NYSE:RJF) by 15,780.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 26,362 shares of the financial services provider’s stock after acquiring an additional 26,196 shares during the period. Bokf Na’s holdings in Raymond James were worth $3,388,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in RJF. Ontario Teachers Pension Plan Board grew its stake in shares of Raymond James by 4.4% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 5,635 shares of the financial services provider’s stock worth $628,000 after purchasing an additional 240 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Raymond James by 86.2% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,421 shares of the financial services provider’s stock worth $493,000 after buying an additional 2,047 shares during the period. Hsbc Holdings PLC increased its stake in shares of Raymond James by 25.4% in the 4th quarter. Hsbc Holdings PLC now owns 444,597 shares of the financial services provider’s stock valued at $49,603,000 after acquiring an additional 89,981 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in Raymond James by 36.9% during the 1st quarter. Concurrent Investment Advisors LLC now owns 8,640 shares of the financial services provider’s stock worth $1,109,000 after acquiring an additional 2,328 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Raymond James by 44.5% during the 4th quarter. BNP Paribas Financial Markets now owns 110,751 shares of the financial services provider’s stock worth $12,349,000 after acquiring an additional 34,101 shares during the last quarter. Institutional investors own 83.83% of the company’s stock.

Raymond James Stock Performance

Shares of NYSE:RJF traded down $0.87 on Monday, hitting $115.81. The company had a trading volume of 106,353 shares, compared to its average volume of 1,123,853. The stock has a market cap of $24.01 billion, a price-to-earnings ratio of 14.11, a P/E/G ratio of 0.79 and a beta of 1.02. The stock has a 50 day moving average price of $119.50 and a 200 day moving average price of $120.05. Raymond James has a 1-year low of $91.67 and a 1-year high of $131.19. The company has a current ratio of 1.01, a quick ratio of 0.98 and a debt-to-equity ratio of 0.43.

Raymond James (NYSE:RJF) last issued its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.08. Raymond James had a net margin of 13.16% and a return on equity of 18.67%. The firm had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same period last year, the business posted $1.85 earnings per share. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts expect that Raymond James will post 9.57 EPS for the current year.

Raymond James Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was Monday, July 1st. Raymond James’s dividend payout ratio is 21.77%.

Insiders Place Their Bets

In related news, insider James E. Bunn sold 11,095 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $124.44, for a total value of $1,380,661.80. Following the transaction, the insider now directly owns 46,977 shares in the company, valued at $5,845,817.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 9.74% of the company’s stock.

Analysts Set New Price Targets

RJF has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on Raymond James from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday. Citigroup lifted their price objective on shares of Raymond James from $112.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Wolfe Research restated a “peer perform” rating on shares of Raymond James in a report on Monday, July 8th. TD Cowen lifted their price target on shares of Raymond James from $130.00 to $133.00 and gave the company a “hold” rating in a research note on Monday, July 8th. Finally, Morgan Stanley boosted their price target on shares of Raymond James from $113.00 to $123.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Raymond James presently has an average rating of “Hold” and an average price target of $129.89.

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.