Stevens Capital Management LP Invests $276,000 in Raymond James (NYSE:RJF)

Stevens Capital Management LP acquired a new stake in shares of Raymond James (NYSE:RJF) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,775 shares of the financial services provider’s stock, valued at approximately $276,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TCTC Holdings LLC grew its holdings in Raymond James by 176.7% during the fourth quarter. TCTC Holdings LLC now owns 166 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 106 shares during the period. Y.D. More Investments Ltd lifted its position in shares of Raymond James by 121.0% during the 4th quarter. Y.D. More Investments Ltd now owns 232 shares of the financial services provider’s stock valued at $36,000 after buying an additional 127 shares in the last quarter. Plato Investment Management Ltd grew its stake in shares of Raymond James by 1,142.1% during the 4th quarter. Plato Investment Management Ltd now owns 236 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 217 shares during the period. Quarry LP increased its holdings in Raymond James by 80.3% in the 3rd quarter. Quarry LP now owns 420 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 187 shares in the last quarter. Finally, Eastern Bank bought a new stake in Raymond James during the 4th quarter worth approximately $68,000. 83.83% of the stock is currently owned by hedge funds and other institutional investors.

Raymond James Stock Up 2.8 %

Shares of NYSE:RJF opened at $145.03 on Tuesday. Raymond James has a 12 month low of $104.24 and a 12 month high of $174.32. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average price of $156.57 and a 200 day moving average price of $149.91. The company has a market cap of $29.72 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 0.90 and a beta of 1.04.

Raymond James (NYSE:RJF) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share 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, equities research analysts predict that Raymond James will post 11.17 earnings per share for the current year.

Raymond James Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Tuesday, April 1st. Raymond James’s payout ratio is 19.51%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. JMP Securities increased their price objective on shares of Raymond James from $175.00 to $190.00 and gave the stock a “market outperform” rating in a research note on Thursday, January 30th. UBS Group upgraded Raymond James from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Citigroup boosted their price objective on Raymond James from $145.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. StockNews.com cut Raymond James from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, 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 report on Thursday, January 30th. Nine analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $167.55.

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.