Siemens Fonds Invest GmbH Sells 28,404 Shares of Raymond James (NYSE:RJF)

Siemens Fonds Invest GmbH trimmed its stake in Raymond James (NYSE:RJF) by 84.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,391 shares of the financial services provider’s stock after selling 28,404 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Raymond James were worth $837,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of RJF. Assetmark Inc. boosted its stake in Raymond James by 43.8% in the 4th quarter. Assetmark Inc. now owns 453 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 138 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Raymond James in the fourth quarter worth about $105,701,000. J.W. Cole Advisors Inc. bought a new position in shares of Raymond James in the fourth quarter worth approximately $511,000. Proficio Capital Partners LLC purchased a new stake in shares of Raymond James during the fourth quarter valued at approximately $21,334,000. Finally, UMB Bank n.a. grew its holdings in shares of Raymond James by 7,238.7% during the fourth quarter. UMB Bank n.a. now owns 45,353 shares of the financial services provider’s stock valued at $7,045,000 after buying an additional 44,735 shares during the last quarter. 83.83% of the stock is owned by hedge funds and other institutional investors.

Raymond James Trading Up 0.6%

Shares of NYSE:RJF opened at $153.93 on Friday. The stock’s 50-day simple moving average is $139.29 and its two-hundred day simple moving average is $152.47. The stock has a market capitalization of $31.06 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 0.90 and a beta of 1.02. Raymond James has a 52-week low of $104.24 and a 52-week high of $174.32. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.03.

Raymond James (NYSE:RJF) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.02). The business had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.46 billion. Raymond James had a return on equity of 19.71% and a net margin of 14.06%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.31 EPS. Analysts expect that Raymond James will post 11.17 EPS for the current year.

Raymond James Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Tuesday, April 1st. Raymond James’s payout ratio is 19.25%.

Insider Activity

In related news, insider James E. Bunn sold 3,650 shares of the business’s stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $136.49, for a total transaction of $498,188.50. Following the completion of the transaction, the insider now directly owns 78,227 shares in the company, valued at approximately $10,677,203.23. The trade was a 4.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on RJF shares. Bank of America cut Raymond James from a “buy” rating to a “neutral” rating and set a $159.00 price objective on the stock. in a research report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price target on Raymond James from $149.00 to $143.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Morgan Stanley increased their price objective on Raymond James from $149.00 to $161.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. Wells Fargo & Company decreased their target price on Raymond James from $176.00 to $143.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Finally, Citigroup lowered their target price on shares of Raymond James from $180.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. Eleven research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $153.82.

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.