Coldstream Capital Management Inc. Acquires 1,376 Shares of Raymond James (NYSE:RJF)

Coldstream Capital Management Inc. lifted its position in Raymond James (NYSE:RJFFree Report) by 65.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,465 shares of the financial services provider’s stock after purchasing an additional 1,376 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Raymond James were worth $386,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its position in Raymond James by 2.2% during the 3rd quarter. Wellington Management Group LLP now owns 11,570,058 shares of the financial services provider’s stock worth $1,161,981,000 after buying an additional 246,349 shares in the last quarter. Earnest Partners LLC raised its position in shares of Raymond James by 4.8% in the 3rd quarter. Earnest Partners LLC now owns 2,165,025 shares of the financial services provider’s stock valued at $217,433,000 after acquiring an additional 98,664 shares during the period. AGF Management Ltd. raised its position in shares of Raymond James by 5.9% in the 4th quarter. AGF Management Ltd. now owns 2,147,825 shares of the financial services provider’s stock valued at $239,482,000 after acquiring an additional 120,427 shares during the period. Norges Bank acquired a new stake in shares of Raymond James in the 4th quarter valued at approximately $238,830,000. Finally, Northern Trust Corp raised its position in shares of Raymond James by 2.5% in the 3rd quarter. Northern Trust Corp now owns 2,082,598 shares of the financial services provider’s stock valued at $209,155,000 after acquiring an additional 51,239 shares during the period. Institutional investors and hedge funds own 83.83% of the company’s stock.

Insider Activity

In other news, CEO Steven M. Raney sold 4,174 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $121.01, for a total transaction of $505,095.74. Following the completion of the sale, the chief executive officer now directly owns 51,009 shares of the company’s stock, valued at approximately $6,172,599.09. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider James E. Bunn sold 11,095 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $124.44, for a total transaction of $1,380,661.80. Following the transaction, the insider now directly owns 46,977 shares of the company’s stock, valued at approximately $5,845,817.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Steven M. Raney sold 4,174 shares of Raymond James stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $121.01, for a total value of $505,095.74. Following the completion of the transaction, the chief executive officer now directly owns 51,009 shares in the company, valued at $6,172,599.09. The disclosure for this sale can be found here. Insiders own 9.74% of the company’s stock.

Raymond James Price Performance

RJF stock traded up $2.47 during midday trading on Friday, reaching $125.86. The company had a trading volume of 681,176 shares, compared to its average volume of 859,253. The company has a market capitalization of $26.09 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 0.84 and a beta of 1.03. The stock has a 50 day moving average price of $125.24 and a 200-day moving average price of $116.28. Raymond James has a 1-year low of $89.14 and a 1-year high of $131.19. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.01 and a quick ratio of 0.98.

Raymond James (NYSE:RJFGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.32 by ($0.01). The firm had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.15 billion. Raymond James had a net margin of 12.72% and a return on equity of 17.94%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.03 EPS. Equities research analysts expect that Raymond James will post 9.53 earnings per share for the current year.

Raymond James Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Friday, June 28th. Raymond James’s payout ratio is currently 21.77%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Bank of America dropped their target price on shares of Raymond James from $145.00 to $141.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. StockNews.com downgraded shares of Raymond James from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Keefe, Bruyette & Woods lowered their price objective on shares of Raymond James from $132.00 to $131.00 and set a “market perform” rating on the stock in a report on Thursday, April 25th. JMP Securities reissued a “market perform” rating on shares of Raymond James in a research note on Tuesday, April 9th. Finally, Citigroup raised their target price on shares of Raymond James from $112.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $126.22.

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Raymond James Profile

(Free Report)

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.

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

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