KBC Group NV Lowers Position in Raymond James (NYSE:RJF)

KBC Group NV decreased its position in shares of Raymond James (NYSE:RJF) by 14.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 354,689 shares of the financial services provider’s stock after selling 58,262 shares during the period. KBC Group NV owned about 0.17% of Raymond James worth $55,094,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC boosted its stake in 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 acquiring an additional 80,782 shares in the last quarter. MBB Public Markets I LLC purchased a new position in shares of Raymond James during the second quarter valued at approximately $1,804,000. Mackenzie Financial Corp boosted its position in shares of Raymond James by 20.3% in the 2nd quarter. Mackenzie Financial Corp now owns 23,581 shares of the financial services provider’s stock worth $2,915,000 after purchasing an additional 3,983 shares in the last quarter. Susquehanna Fundamental Investments LLC grew its stake in shares of Raymond James by 187.9% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 44,760 shares of the financial services provider’s stock worth $5,533,000 after buying an additional 29,212 shares during the last quarter. Finally, Driehaus Capital Management LLC bought a new position in Raymond James during the 2nd quarter valued at approximately $244,000. Institutional investors own 83.83% of the company’s stock.

Raymond James Price Performance

NYSE RJF opened at $169.26 on Tuesday. Raymond James has a 52 week low of $104.24 and a 52 week high of $173.15. The firm has a market capitalization of $34.59 billion, a P/E ratio of 17.43, a PEG ratio of 1.04 and a beta of 1.02. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average price of $161.79 and a 200-day moving average price of $138.81.

Raymond James Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This is an increase from Raymond James’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 1.18%. Raymond James’s dividend payout ratio (DPR) is presently 20.60%.

Analysts Set New Price Targets

RJF has been the topic of a number of recent research reports. UBS Group raised Raymond James from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Wells Fargo & Company reduced 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 note on Tuesday, January 14th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $166.00 target price (up previously from $151.00) on shares of Raymond James in a research note on Tuesday, January 7th. Jefferies Financial Group raised their price target on shares of Raymond James from $123.00 to $126.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Finally, Morgan Stanley increased their target price on Raymond James from $132.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Nine equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $156.09.

Insider Transactions at Raymond James

In other news, insider Bella Loykhter Allaire sold 1,170 shares of Raymond James stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $169.43, for a total transaction of $198,233.10. Following the transaction, the insider now directly owns 80,421 shares of the company’s stock, valued at $13,625,730.03. The trade was a 1.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tashtego S. Elwyn sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $5,212,755.36. The trade was 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 worth $10,729,488 in the last 90 days. 0.54% of the stock is currently owned by insiders.

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.