Pine Valley Investments Ltd Liability Co Lowers Holdings in Raymond James (NYSE:RJF)

Pine Valley Investments Ltd Liability Co reduced its position in shares of Raymond James (NYSE:RJF) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,661 shares of the financial services provider’s stock after selling 127 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Raymond James were worth $413,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC increased its stake in Raymond James by 44,291.7% in the 3rd quarter. International Assets Investment Management LLC now owns 10,654 shares of the financial services provider’s stock worth $1,305,000 after acquiring an additional 10,630 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Raymond James by 468.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 27,576 shares of the financial services provider’s stock valued at $3,377,000 after acquiring an additional 22,728 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Raymond James by 25.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,154 shares of the financial services provider’s stock worth $1,978,000 after purchasing an additional 3,282 shares in the last quarter. Forsta AP Fonden increased its position in shares of Raymond James by 17.0% in the third quarter. Forsta AP Fonden now owns 35,800 shares of the financial services provider’s stock worth $4,384,000 after purchasing an additional 5,200 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Raymond James by 23.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 38,359 shares of the financial services provider’s stock valued at $4,698,000 after purchasing an additional 7,338 shares in the last quarter. Institutional investors own 83.83% of the company’s stock.

Insiders Place Their Bets

In related news, insider Tashtego S. Elwyn sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $159.47, for a total transaction of $1,594,700.00. Following the completion of the transaction, the insider now owns 32,688 shares in the company, valued at $5,212,755.36. This represents a 23.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the sale, the insider now owns 80,421 shares in the company, valued at approximately $13,319,326.02. This trade represents a 4.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 64,621 shares of company stock valued at $10,729,488 in the last quarter. Insiders own 0.54% of the company’s stock.

Raymond James Trading Up 0.2 %

Shares of RJF stock opened at $151.19 on Thursday. The business has a 50-day moving average of $160.97 and a 200 day moving average of $146.20. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.03 and a quick ratio of 1.01. Raymond James has a 1-year low of $104.24 and a 1-year high of $174.32. The stock has a market capitalization of $30.98 billion, a PE ratio of 14.75, 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 return on equity of 19.71% and a net margin of 14.06%. As a group, sell-side analysts anticipate that Raymond James will post 11.17 earnings per share for the current year.

Raymond James Dividend Announcement

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

Wall Street Analyst Weigh In

RJF has been the subject of a number of research 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 note on Friday, January 10th. Keefe, Bruyette & Woods upped their target price on shares of Raymond James from $170.00 to $177.00 and gave the stock a “market perform” rating in a research report on Thursday, January 30th. Wells Fargo & Company increased their target price on Raymond James from $168.00 to $176.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. TD Cowen lifted their price target on Raymond James from $128.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Finally, Bank of America increased their price objective on Raymond James from $198.00 to $201.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Nine equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $166.09.

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.