Strs Ohio Reduces Position in Raymond James (RJF)

Strs Ohio cut its position in shares of Raymond James (NYSE:RJF) by 71.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,245 shares of the financial services provider’s stock after selling 13,290 shares during the period. Strs Ohio’s holdings in Raymond James were worth $390,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its holdings in Raymond James by 1.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 71,080 shares of the financial services provider’s stock worth $5,289,000 after purchasing an additional 700 shares during the period. Cardinal Capital Management increased its holdings in Raymond James by 2.2% during the 4th quarter. Cardinal Capital Management now owns 20,348 shares of the financial services provider’s stock worth $1,514,000 after purchasing an additional 431 shares during the period. DNB Asset Management AS increased its holdings in Raymond James by 6.5% during the 4th quarter. DNB Asset Management AS now owns 14,800 shares of the financial services provider’s stock worth $1,101,000 after purchasing an additional 900 shares during the period. Gateway Investment Advisers LLC increased its holdings in Raymond James by 2.4% during the 4th quarter. Gateway Investment Advisers LLC now owns 7,251 shares of the financial services provider’s stock worth $540,000 after purchasing an additional 168 shares during the period. Finally, CENTRAL TRUST Co increased its holdings in Raymond James by 27.5% during the 4th quarter. CENTRAL TRUST Co now owns 2,382 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 514 shares during the period. 73.29% of the stock is owned by institutional investors.

In other news, SVP George Catanese sold 6,611 shares of Raymond James stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $78.71, for a total value of $520,351.81. Following the transaction, the senior vice president now directly owns 6,180 shares in the company, valued at approximately $486,427.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 10.74% of the company’s stock.

Several research analysts have commented on the company. Zacks Investment Research downgraded Raymond James from a “hold” rating to a “sell” rating in a report on Tuesday, December 11th. ValuEngine upgraded Raymond James from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $95.50.

RJF opened at $82.01 on Wednesday. Raymond James has a 52 week low of $69.11 and a 52 week high of $102.17. The firm has a market cap of $11.46 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 0.66 and a beta of 1.55. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.42.

Raymond James (NYSE:RJF) last announced its quarterly earnings results on Wednesday, January 23rd. The financial services provider reported $1.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.06. Raymond James had a return on equity of 15.84% and a net margin of 12.79%. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period last year, the business posted $1.61 EPS. The business’s revenue was up 11.9% compared to the same quarter last year. On average, equities research analysts forecast that Raymond James will post 7.15 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 17th. Stockholders of record on Thursday, January 3rd were issued a $0.34 dividend. The ex-dividend date was Wednesday, January 2nd. This is an increase from Raymond James’s previous quarterly dividend of $0.30. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.66%. Raymond James’s dividend payout ratio (DPR) is currently 21.02%.

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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.

Further Reading: What is the quiet period?

Institutional Ownership by Quarter for Raymond James (NYSE:RJF)

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