B.O.S.S. Retirement Advisors LLC Purchases Shares of 2,088 Raymond James (NYSE:RJF)

B.O.S.S. Retirement Advisors LLC purchased a new stake in Raymond James (NYSE:RJF) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,088 shares of the financial services provider’s stock, valued at approximately $324,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RJF. Pacer Advisors Inc. increased its position in Raymond James by 4.4% in the 2nd quarter. Pacer Advisors Inc. now owns 13,499 shares of the financial services provider’s stock valued at $1,669,000 after acquiring an additional 569 shares during the period. Public Sector Pension Investment Board increased its position in shares of Raymond James by 6.8% during the second quarter. Public Sector Pension Investment Board now owns 31,698 shares of the financial services provider’s stock worth $3,918,000 after buying an additional 2,007 shares during the period. Bank of Montreal Can increased its position in shares of Raymond James by 1.3% during the second quarter. Bank of Montreal Can now owns 265,811 shares of the financial services provider’s stock worth $32,889,000 after buying an additional 3,339 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Raymond James by 59.8% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 38,032 shares of the financial services provider’s stock worth $4,701,000 after buying an additional 14,231 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Raymond James by 91.9% during the second quarter. AQR Capital Management LLC now owns 168,653 shares of the financial services provider’s stock worth $20,609,000 after buying an additional 80,782 shares during the period. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Raymond James

In related news, CEO Paul C. Reilly sold 50,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $167.30, for a total transaction of $8,365,000.00. Following the completion of the sale, the chief executive officer now owns 283,110 shares in the company, valued at approximately $47,364,303. This trade represents a 15.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Tashtego S. Elwyn sold 10,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $159.47, for a total transaction of $1,594,700.00. Following the sale, the insider now owns 32,688 shares of the company’s stock, valued at $5,212,755.36. This trade represents a 23.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 64,621 shares of company stock valued at $10,729,488 over the last ninety days. Corporate insiders own 0.54% of the company’s stock.

Raymond James Stock Up 0.7 %

Raymond James stock opened at $172.67 on Friday. Raymond James has a 1-year low of $104.24 and a 1-year high of $173.15. The firm has a market capitalization of $35.29 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 1.04 and a beta of 1.02. The firm’s fifty day moving average price is $161.67 and its two-hundred day moving average price is $138.21. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37.

Raymond James (NYSE:RJF) last released its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.41 by $0.54. Raymond James had a net margin of 13.86% and a return on equity of 19.30%. The company had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period last year, the firm earned $2.13 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis. On average, equities research analysts predict that Raymond James will post 11.02 earnings per share for the current fiscal year.

Raymond James Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were given a dividend of $0.50 per share. This is a positive change from Raymond James’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Thursday, January 2nd. Raymond James’s dividend payout ratio (DPR) is presently 20.60%.

Analysts Set New Price Targets

Several research firms have recently weighed in on RJF. Wells Fargo & Company decreased their price objective on shares of Raymond James from $169.00 to $168.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $166.00 price target (up from $151.00) on shares of Raymond James in a report on Tuesday, January 7th. Keefe, Bruyette & Woods raised their price target on shares of Raymond James from $143.00 to $170.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Jefferies Financial Group raised their price target on shares of Raymond James from $123.00 to $126.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Finally, Morgan Stanley raised their price target on shares of Raymond James from $132.00 to $145.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Nine investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Raymond James currently has an average rating of “Hold” and an average target price of $156.09.

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.