Analysts Set Raymond James (NYSE:RJF) PT at $166.09

Shares of Raymond James (NYSE:RJF) have received an average rating of “Hold” from the twelve brokerages that are currently covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $166.09.

A number of equities research analysts recently weighed in on RJF shares. JMP Securities upped 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. Wells Fargo & Company raised their price target on shares of Raymond James from $168.00 to $176.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Bank of America increased their price target on Raymond James from $198.00 to $201.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. TD Cowen boosted their price objective on shares of Raymond James from $128.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Raymond James from $170.00 to $177.00 and gave the stock a “market perform” rating in a research note on Thursday, January 30th.

Insider Activity at Raymond James

In other Raymond James news, CEO Paul C. Reilly sold 50,000 shares of the firm’s 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 transaction, the chief executive officer now owns 283,110 shares of the company’s stock, valued at approximately $47,364,303. This trade represents a 15.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bella Loykhter Allaire sold 1,170 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $169.43, for a total transaction of $198,233.10. Following the completion of the sale, the insider now directly owns 80,421 shares of the company’s stock, valued at approximately $13,625,730.03. This represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders 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.

Institutional Investors Weigh In On Raymond James

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC lifted its stake in Raymond James by 24.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,969 shares of the financial services provider’s stock valued at $461,000 after purchasing an additional 587 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Raymond James by 3.2% during the 4th quarter. HighTower Advisors LLC now owns 17,843 shares of the financial services provider’s stock valued at $2,771,000 after acquiring an additional 546 shares during the last quarter. Wealthfront Advisers LLC boosted its stake in shares of Raymond James by 158.2% during the 4th quarter. Wealthfront Advisers LLC now owns 19,178 shares of the financial services provider’s stock worth $2,979,000 after acquiring an additional 11,751 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Raymond James by 6.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 25,028 shares of the financial services provider’s stock worth $3,888,000 after acquiring an additional 1,478 shares in the last quarter. Finally, Moran Wealth Management LLC purchased a new stake in Raymond James during the fourth quarter valued at about $5,092,000. Institutional investors own 83.83% of the company’s stock.

Raymond James Stock Down 0.6 %

RJF opened at $167.46 on Monday. 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 $162.09 and a two-hundred day moving average price of $141.86. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The company has a market cap of $34.22 billion, a PE ratio of 16.34, a P/E/G ratio of 0.98 and a beta of 1.03.

Raymond James (NYSE:RJF) last announced 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 19.99% and a net margin of 14.06%. As a group, research analysts anticipate that Raymond James will post 11.16 EPS for the current year.

Raymond James Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were given a dividend of $0.50 per share. This is a positive change from Raymond James’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Thursday, January 2nd. Raymond James’s dividend payout ratio is currently 19.51%.

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.