Fmr LLC Acquires 137,277 Shares of Raymond James (NYSE:RJF)

Fmr LLC lifted its holdings in shares of Raymond James (NYSE:RJF) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,522,025 shares of the financial services provider’s stock after acquiring an additional 137,277 shares during the period. Fmr LLC’s holdings in Raymond James were worth $1,013,066,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its stake in Raymond James by 12.0% during 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 purchasing an additional 488,245 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Raymond James by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 4,392,260 shares of the financial services provider’s stock valued at $680,378,000 after buying an additional 40,576 shares during the last quarter. Norges Bank bought a new stake in Raymond James during the fourth quarter worth $294,647,000. Charles Schwab Investment Management Inc. raised its position in Raymond James by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,078,166 shares of the financial services provider’s stock valued at $167,472,000 after buying an additional 13,817 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in Raymond James by 1.9% during the 4th quarter. Sei Investments Co. now owns 910,518 shares of the financial services provider’s stock valued at $141,431,000 after acquiring an additional 16,739 shares in the last quarter. Institutional investors and hedge funds own 83.83% of the company’s stock.

Raymond James Stock Up 0.9 %

Shares of NYSE:RJF opened at $124.75 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.03 and a quick ratio of 1.01. The company has a market cap of $25.56 billion, a PE ratio of 12.17, a P/E/G ratio of 0.90 and a beta of 0.94. The stock’s 50-day moving average is $150.54 and its 200 day moving average is $151.21. Raymond James has a 1 year low of $104.24 and a 1 year high of $174.32.

Raymond James (NYSE:RJF) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.31. Raymond James had a net margin of 14.06% and a return on equity of 19.71%. Sell-side analysts anticipate that Raymond James will post 11.17 EPS for the current year.

Raymond James Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.60%. Raymond James’s payout ratio is 19.51%.

Analysts Set New Price Targets

Several analysts have recently commented on RJF shares. Morgan Stanley increased their target price on shares of 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 target price on Raymond James from $166.00 to $172.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Keefe, Bruyette & Woods increased their price target on Raymond James from $170.00 to $177.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. JMP Securities upped their price objective on Raymond James from $175.00 to $190.00 and gave the company a “market outperform” rating in a research note on Thursday, January 30th. Finally, StockNews.com downgraded shares of 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 issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Raymond James has a consensus rating of “Hold” and a consensus target price of $164.64.

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.