Raymond James (NYSE:RJF) Shares Bought by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in Raymond James (NYSE:RJF) by 1.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,657 shares of the financial services provider’s stock after acquiring an additional 158 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Raymond James were worth $1,339,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Hawaiian Bank increased its position in shares of Raymond James by 1.6% during the 1st quarter. First Hawaiian Bank now owns 9,463 shares of the financial services provider’s stock worth $761,000 after purchasing an additional 150 shares during the last quarter. CSat Investment Advisory L.P. increased its position in shares of Raymond James by 86.5% during the 4th quarter. CSat Investment Advisory L.P. now owns 345 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 160 shares during the last quarter. Empire Life Investments Inc. increased its position in shares of Raymond James by 3.1% during the 4th quarter. Empire Life Investments Inc. now owns 5,314 shares of the financial services provider’s stock worth $395,000 after purchasing an additional 162 shares during the last quarter. Gateway Investment Advisers LLC increased its position in shares of 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 last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its position in shares of Raymond James by 1.8% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 10,252 shares of the financial services provider’s stock worth $763,000 after purchasing an additional 181 shares during the last quarter. 70.06% of the stock is owned by institutional investors and hedge funds.

RJF has been the subject of a number of recent analyst reports. Citigroup raised their price objective on Raymond James from $87.00 to $93.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. ValuEngine cut Raymond James from a “hold” rating to a “sell” rating in a report on Thursday, January 31st. Argus restated a “buy” rating on shares of Raymond James in a report on Tuesday, April 30th. Wells Fargo & Co raised their target price on Raymond James from $92.00 to $94.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Finally, Zacks Investment Research upgraded Raymond James from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $94.63.

In other news, insider Jeffrey E. Trocin sold 13,157 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $91.11, for a total transaction of $1,198,734.27. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Paul C. Reilly sold 60,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $91.35, for a total value of $5,481,000.00. Following the sale, the chief executive officer now directly owns 80,382 shares in the company, valued at approximately $7,342,895.70. The disclosure for this sale can be found here. Insiders sold a total of 109,156 shares of company stock valued at $9,951,492 in the last quarter. Company insiders own 10.74% of the company’s stock.

Shares of RJF traded down $0.06 during midday trading on Wednesday, hitting $85.18. The company had a trading volume of 759,766 shares, compared to its average volume of 852,982. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.11. The stock has a market capitalization of $12.25 billion, a PE ratio of 13.17 and a beta of 1.58. Raymond James has a 1 year low of $69.11 and a 1 year high of $101.19.

Raymond James (NYSE:RJF) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.14. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Raymond James had a return on equity of 15.90% and a net margin of 12.90%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.63 EPS. Analysts predict that Raymond James will post 7.47 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Friday, June 28th. Raymond James’s payout ratio is presently 21.02%.

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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.

See Also: Average Daily Trade Volume – ADTV

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

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