2,807 Shares in Raymond James (NYSE:RJF) Acquired by Quantessence Capital LLC

Quantessence Capital LLC purchased a new position in Raymond James (NYSE:RJF - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,807 shares of the financial services provider's stock, valued at approximately $436,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its stake in shares of Raymond James by 3.0% during the fourth quarter. Hsbc Holdings PLC now owns 582,266 shares of the financial services provider's stock worth $90,475,000 after purchasing an additional 17,130 shares in the last quarter. Fayez Sarofim & Co purchased a new stake in Raymond James during the 4th quarter worth about $217,000. MML Investors Services LLC boosted its position in shares of Raymond James by 1.9% during the 4th quarter. MML Investors Services LLC now owns 22,884 shares of the financial services provider's stock worth $3,555,000 after acquiring an additional 417 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Raymond James by 0.4% in the 4th quarter. MetLife Investment Management LLC now owns 48,442 shares of the financial services provider's stock valued at $7,524,000 after acquiring an additional 184 shares during the last quarter. Finally, Natixis raised its position in shares of Raymond James by 440.8% during the 4th quarter. Natixis now owns 14,812 shares of the financial services provider's stock worth $2,301,000 after acquiring an additional 12,073 shares in the last quarter. Institutional investors and hedge funds own 83.83% of the company's stock.

Raymond James Trading Up 3.0 %

Shares of RJF stock opened at $134.77 on Wednesday. Raymond James has a twelve month low of $104.24 and a twelve 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 business's 50 day moving average is $141.83 and its two-hundred day moving average is $151.62. The company has a market capitalization of $27.62 billion, a P/E ratio of 13.15, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94.

Raymond James (NYSE:RJF - Get Free Report) 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%. Equities analysts forecast that Raymond James will post 11.17 EPS for the current year.

Raymond James Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Tuesday, April 1st. Raymond James's dividend payout ratio is presently 19.51%.

Analysts Set New Price Targets

RJF has been the topic of several recent analyst reports. Keefe, Bruyette & Woods increased their price target on shares of Raymond James from $170.00 to $177.00 and gave the company a "market perform" rating in a research note on Thursday, January 30th. JMP Securities dropped their target price on shares of Raymond James from $190.00 to $175.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company cut their price target on shares of Raymond James from $176.00 to $143.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. UBS Group upgraded shares of Raymond James from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Finally, Citigroup cut their target price on Raymond James from $180.00 to $150.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Nine investment 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 stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $160.27.

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.

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