Simplicity Wealth LLC Has $230,000 Stake in Raymond James (NYSE:RJF)

Simplicity Wealth LLC decreased its position in shares of Raymond James (NYSE:RJF) by 55.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,877 shares of the financial services provider’s stock after selling 2,341 shares during the quarter. Simplicity Wealth LLC’s holdings in Raymond James were worth $230,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 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. Norden Group LLC boosted its stake in Raymond James by 3,257.7% during the 1st quarter. Norden Group LLC now owns 84,949 shares of the financial services provider’s stock worth $10,908,000 after acquiring an additional 82,419 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Raymond James by 5.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 225,331 shares of the financial services provider’s stock worth $28,937,000 after acquiring an additional 11,427 shares during the last quarter. Bessemer Group Inc. boosted its stake in Raymond James by 1,138.5% during the 1st quarter. Bessemer Group Inc. now owns 19,036 shares of the financial services provider’s stock worth $2,445,000 after acquiring an additional 17,499 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Raymond James by 44.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 17,600 shares of the financial services provider’s stock worth $2,260,000 after acquiring an additional 5,427 shares during the last quarter. Institutional investors own 83.83% of the company’s stock.

Insider Buying and Selling

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

Analyst Ratings Changes

RJF has been the topic of a number of research reports. UBS Group cut their price target on shares of Raymond James from $138.00 to $135.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. 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. JMP Securities raised shares of Raymond James from a “market perform” rating to a “market outperform” rating and set a $146.00 price target on the stock in a research note on Wednesday, October 9th. Jefferies Financial Group lifted their price target on shares of Raymond James from $123.00 to $126.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Finally, Wells Fargo & Company lifted their price target on shares of Raymond James from $138.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $133.36.

Raymond James Price Performance

Shares of RJF opened at $130.16 on Tuesday. The company has a market cap of $26.81 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 0.88 and a beta of 1.02. Raymond James has a 1-year low of $91.67 and a 1-year high of $131.19. The company’s fifty day simple moving average is $119.29 and its 200 day simple moving average is $120.62. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.41.

Raymond James (NYSE:RJF) last issued its earnings results on Wednesday, July 24th. The financial services provider reported $2.39 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.08. The business had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.24 billion. Raymond James had a net margin of 13.16% and a return on equity of 18.44%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.85 earnings per share. On average, research analysts forecast that Raymond James will post 9.57 earnings per share for the current fiscal year.

Raymond James Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.80 dividend on an annualized basis and a yield of 1.38%. 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.