Cwm LLC Has $1.45 Million Stock Position in Raymond James (NYSE:RJF)

Cwm LLC lifted its holdings in Raymond James (NYSE:RJF) by 2.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,853 shares of the financial services provider’s stock after acquiring an additional 325 shares during the period. Cwm LLC’s holdings in Raymond James were worth $1,452,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of RJF. Future Financial Wealth Managment LLC acquired a new position in shares of Raymond James during the 3rd quarter worth approximately $32,000. GAMMA Investing LLC boosted its stake in shares of Raymond James by 11.4% in the third quarter. GAMMA Investing LLC now owns 1,495 shares of the financial services provider’s stock valued at $183,000 after buying an additional 153 shares during the period. Czech National Bank grew its position in Raymond James by 6.2% during the third quarter. Czech National Bank now owns 37,757 shares of the financial services provider’s stock worth $4,624,000 after buying an additional 2,208 shares in the last quarter. Handelsbanken Fonder AB increased its stake in Raymond James by 5.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 59,620 shares of the financial services provider’s stock worth $7,301,000 after acquiring an additional 3,324 shares during the period. Finally, Trust Co. of Toledo NA OH raised its holdings in Raymond James by 2.5% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 8,165 shares of the financial services provider’s stock valued at $1,000,000 after acquiring an additional 199 shares in the last quarter. 83.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on RJF shares. Wolfe Research reissued a “peer perform” rating on shares of Raymond James in a report 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 target price on the stock in a report on Wednesday, October 9th. UBS Group cut their price target on shares of Raymond James from $138.00 to $135.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. TD Cowen lifted their price objective 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, Jefferies Financial Group upped their target price on Raymond James from $123.00 to $126.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Raymond James presently has a consensus rating of “Hold” and a consensus target price of $133.36.

Insider Activity at Raymond James

In other 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 sale, the chief executive officer now directly owns 35,380 shares of the company’s stock, valued at approximately $3,879,063.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related 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 value of $3,429,210.28. Following the transaction, the chief executive officer now 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bella Loykhter Allaire sold 17,363 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 75,586 shares of the company’s stock, valued at approximately $8,692,390. The trade was 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 currently owned by company insiders.

Raymond James Price Performance

Raymond James stock opened at $133.14 on Wednesday. The stock has a 50-day moving average price of $119.80 and a two-hundred day moving average price of $120.65. Raymond James has a 12 month low of $91.67 and a 12 month high of $135.37. The company has a market capitalization of $27.42 billion, a PE ratio of 15.01, a P/E/G ratio of 0.88 and a beta of 1.02. 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 quarterly earnings data on Wednesday, July 24th. The financial services provider reported $2.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.08. Raymond James had a net margin of 13.16% and a return on equity of 18.44%. The business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same quarter last year, the business earned $1.85 EPS. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. Analysts expect that Raymond James will post 9.57 EPS for the current year.

Raymond James Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were paid a $0.45 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 annualized dividend and a dividend yield of 1.35%. Raymond James’s dividend payout ratio is 20.29%.

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.