Metis Global Partners LLC Raises Holdings in Raymond James (NYSE:RJF)

Metis Global Partners LLC increased its holdings in Raymond James (NYSE:RJF) by 64.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,041 shares of the financial services provider’s stock after acquiring an additional 3,926 shares during the period. Metis Global Partners LLC’s holdings in Raymond James were worth $1,560,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. US Bancorp DE boosted its position in shares of Raymond James by 10.9% during the fourth quarter. US Bancorp DE now owns 80,883 shares of the financial services provider’s stock worth $12,564,000 after buying an additional 7,936 shares during the period. Fisher Asset Management LLC raised its stake in Raymond James by 11.2% in the fourth quarter. Fisher Asset Management LLC now owns 498,925 shares of the financial services provider’s stock valued at $77,498,000 after buying an additional 50,449 shares in the last quarter. SVB Wealth LLC acquired a new stake in Raymond James in the fourth quarter valued at $254,000. Dynasty Wealth Management LLC raised its stake in Raymond James by 9.0% in the fourth quarter. Dynasty Wealth Management LLC now owns 1,923 shares of the financial services provider’s stock valued at $299,000 after buying an additional 158 shares in the last quarter. Finally, Private Trust Co. NA raised its stake in Raymond James by 23.9% in the fourth quarter. Private Trust Co. NA now owns 487 shares of the financial services provider’s stock valued at $76,000 after buying an additional 94 shares in the last quarter. 83.83% of the stock is currently owned by hedge funds and other institutional investors.

Raymond James Trading Down 2.8 %

Shares of RJF opened at $150.37 on Tuesday. The stock has a fifty day moving average of $160.86 and a two-hundred day moving average of $147.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.03. The company has a market capitalization of $30.81 billion, a PE ratio of 14.67, a price-to-earnings-growth ratio of 0.90 and a beta of 1.03. Raymond James has a fifty-two week low of $104.24 and a fifty-two week high of $174.32.

Raymond James (NYSE:RJF) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.31. Raymond James had a net margin of 14.06% and a return on equity of 19.71%. As a group, analysts forecast that Raymond James will post 11.17 EPS for the current year.

Raymond James Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.00 dividend on an annualized basis and a yield of 1.33%. Raymond James’s dividend payout ratio (DPR) is 19.51%.

Analyst Ratings Changes

A number of research firms have recently commented on RJF. UBS Group upgraded Raymond James from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Citigroup lifted their price objective on Raymond James from $145.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, January 10th. Bank of America lifted their price objective on Raymond James from $198.00 to $201.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Wells Fargo & Company boosted their price target on Raymond James from $168.00 to $176.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Finally, Keefe, Bruyette & Woods boosted their price target on Raymond James from $170.00 to $177.00 and gave the stock a “market perform” rating in a research note on Thursday, January 30th. Nine research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Raymond James currently has a consensus rating of “Hold” and a consensus target price of $166.09.

Insider Buying and Selling

In other Raymond James news, insider Tashtego S. Elwyn sold 10,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $159.47, for a total value of $1,594,700.00. Following the completion of the transaction, the insider now directly owns 32,688 shares of the company’s stock, valued at $5,212,755.36. This represents a 23.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.54% of the stock is owned by corporate insiders.

Raymond James 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.