Bryn Mawr Capital Management LLC Takes $208,000 Position in Raymond James (NYSE:RJF)

Bryn Mawr Capital Management LLC acquired a new position in Raymond James (NYSE:RJF) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,340 shares of the financial services provider’s stock, valued at approximately $208,000.

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

Raymond James Trading Up 0.1 %

NYSE RJF opened at $151.58 on Friday. Raymond James has a 52 week low of $104.24 and a 52 week high of $174.32. The business has a 50 day moving average price of $160.98 and a 200-day moving average price of $146.24. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.35. The company has a market cap of $31.06 billion, a price-to-earnings ratio of 14.79, a P/E/G ratio of 0.90 and a beta of 1.03.

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

Raymond James Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.00 annualized dividend and a yield of 1.32%. Raymond James’s payout ratio is 19.51%.

Wall Street Analysts Forecast Growth

RJF has been the topic of a number of recent analyst reports. Citigroup boosted their price target on shares of Raymond James from $145.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. JMP Securities increased their price target on Raymond James from $175.00 to $190.00 and gave the stock a “market outperform” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. boosted their price objective on Raymond James from $166.00 to $172.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Wells Fargo & Company upped their target price on Raymond James from $168.00 to $176.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Finally, StockNews.com lowered Raymond James from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Nine investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $166.09.

Insiders Place Their Bets

In other Raymond James news, insider Bella Loykhter Allaire sold 3,451 shares of Raymond James stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $165.62, for a total transaction of $571,554.62. Following the transaction, the insider now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Paul C. Reilly sold 50,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $167.30, for a total transaction of $8,365,000.00. Following the completion of the sale, the chief executive officer now owns 283,110 shares of the company’s stock, valued at approximately $47,364,303. This represents a 15.01 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,451 shares of company stock valued at $10,531,255. Corporate insiders own 0.54% of the company’s stock.

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.