Barclays PLC Has $86.74 Million Position in Raymond James (NYSE:RJF)

Barclays PLC reduced its stake in shares of Raymond James (NYSE:RJF) by 34.1% during the 4th quarter, HoldingsChannel reports. The fund owned 558,395 shares of the financial services provider’s stock after selling 288,713 shares during the period. Barclays PLC’s holdings in Raymond James were worth $86,736,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of RJF. FMR LLC grew its stake in Raymond James by 2.2% in the fourth quarter. FMR LLC now owns 6,522,025 shares of the financial services provider’s stock valued at $1,013,066,000 after purchasing an additional 137,277 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Raymond James by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,544,610 shares of the financial services provider’s stock valued at $556,533,000 after buying an additional 488,245 shares in the last quarter. Geode Capital Management LLC increased its holdings in Raymond James by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 4,392,260 shares of the financial services provider’s stock worth $680,378,000 after buying an additional 40,576 shares during the last quarter. Invesco Ltd. increased its holdings in Raymond James by 8.6% in the fourth quarter. Invesco Ltd. now owns 2,435,306 shares of the financial services provider’s stock worth $378,276,000 after buying an additional 192,904 shares during the last quarter. Finally, Norges Bank acquired a new stake in Raymond James in the fourth quarter valued at approximately $294,647,000. 83.83% of the stock is owned by institutional investors and hedge funds.

Raymond James Stock Performance

RJF opened at $136.24 on Wednesday. Raymond James has a 12-month low of $104.24 and a 12-month high of $174.32. The firm has a market capitalization of $27.92 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94. The stock’s 50 day moving average price is $144.81 and its two-hundred day moving average price is $151.31. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.35.

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, topping 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%. On average, equities analysts forecast that Raymond James will post 11.17 earnings per share for the current year.

Raymond James Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, April 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.47%. Raymond James’s payout ratio is 19.51%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. JMP Securities dropped their price target on shares of Raymond James from $190.00 to $175.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley raised their target price on Raymond James from $149.00 to $161.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. JPMorgan Chase & Co. boosted their price target on Raymond James from $166.00 to $172.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Bank of America increased 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. Finally, StockNews.com lowered Raymond James from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Nine 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $160.27.

Raymond James Company 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.