Citizens Financial Group Inc. RI Has $5.73 Million Holdings in Raymond James (NYSE:RJF)

Citizens Financial Group Inc. RI lessened its stake in Raymond James (NYSE:RJF) by 2.8% in the 4th quarter, HoldingsChannel reports. The fund owned 51,377 shares of the financial services provider’s stock after selling 1,488 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Raymond James were worth $5,729,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC acquired a new stake in Raymond James in the 4th quarter valued at about $30,000. Addison Advisors LLC grew its position in shares of Raymond James by 32.9% during the 3rd quarter. Addison Advisors LLC now owns 416 shares of the financial services provider’s stock worth $42,000 after buying an additional 103 shares during the period. CVA Family Office LLC acquired a new stake in shares of Raymond James during the 4th quarter worth approximately $50,000. Headlands Technologies LLC grew its position in shares of Raymond James by 139.8% during the 3rd quarter. Headlands Technologies LLC now owns 518 shares of the financial services provider’s stock worth $52,000 after buying an additional 302 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its position in shares of Raymond James by 52.5% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 558 shares of the financial services provider’s stock worth $62,000 after buying an additional 192 shares during the period. Institutional investors and hedge funds own 83.83% of the company’s stock.

Raymond James Trading Down 0.1 %

Raymond James stock traded down $0.09 during midday trading on Friday, hitting $121.86. 1,197,930 shares of the stock were exchanged, compared to its average volume of 1,139,872. The company has a fifty day simple moving average of $123.10 and a two-hundred day simple moving average of $112.50. Raymond James has a 52 week low of $82.00 and a 52 week high of $131.19. The stock has a market capitalization of $25.47 billion, a PE ratio of 14.74, a P/E/G ratio of 0.85 and a beta of 1.05. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 0.37.

Raymond James (NYSE:RJF) last released its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $2.31 earnings per share for the quarter, missing the consensus estimate of $2.32 by ($0.01). Raymond James had a return on equity of 18.24% and a net margin of 12.72%. The firm had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the previous year, the business earned $2.03 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. Equities research analysts anticipate that Raymond James will post 9.45 EPS for the current fiscal year.

Raymond James Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Thursday, March 28th. Raymond James’s payout ratio is currently 21.77%.

Analyst Ratings Changes

Several equities research analysts have recently commented on RJF shares. Citigroup lifted their price target on shares of Raymond James from $112.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Keefe, Bruyette & Woods lowered their price target on shares of Raymond James from $132.00 to $131.00 and set a “market perform” rating for the company in a research report on Thursday. JPMorgan Chase & Co. upgraded shares of Raymond James from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $110.00 to $135.00 in a research report on Wednesday, January 10th. UBS Group lowered their price target on shares of Raymond James from $116.00 to $115.00 and set a “neutral” rating for the company in a research report on Thursday, January 25th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $117.00 price objective (up previously from $112.00) on shares of Raymond James in a research note on Tuesday, January 9th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $126.22.

Insider Buying and Selling at Raymond James

In other Raymond James news, EVP Jonathan N. Santelli sold 1,891 shares of Raymond James stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $111.91, for a total value of $211,621.81. Following the transaction, the executive vice president now owns 21,491 shares of the company’s stock, valued at $2,405,057.81. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Jonathan N. Santelli sold 1,891 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $111.91, for a total value of $211,621.81. Following the sale, the executive vice president now owns 21,491 shares of the company’s stock, valued at $2,405,057.81. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Art A. Garcia acquired 879 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $112.30 per share, for a total transaction of $98,711.70. Following the transaction, the director now owns 879 shares of the company’s stock, valued at $98,711.70. The disclosure for this purchase can be found here. Insiders own 9.74% of the company’s stock.

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.