Intellus Advisors LLC Purchases Shares of 5,580 Raymond James (NYSE:RJF)

Intellus Advisors LLC acquired a new position in shares of Raymond James (NYSE:RJF - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,580 shares of the financial services provider's stock, valued at approximately $867,000.

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

Analysts Set New Price Targets

RJF has been the subject of several recent analyst reports. UBS Group upgraded Raymond James from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. StockNews.com downgraded shares of Raymond James from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Citigroup lifted their price target on shares of Raymond James from $145.00 to $170.00 and gave the company a "neutral" rating in a report on Friday, January 10th. JMP Securities increased their price objective on shares of 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, Bank of America boosted their target price on shares of Raymond James from $198.00 to $201.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Nine equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Raymond James presently has a consensus rating of "Hold" and an average price target of $167.55.

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Raymond James Trading Up 0.3 %

NYSE:RJF traded up $0.47 during trading hours on Tuesday, hitting $145.43. 339,780 shares of the company were exchanged, compared to its average volume of 1,405,932. The stock has a market capitalization of $29.80 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 0.90 and a beta of 1.04. Raymond James has a one year low of $104.24 and a one year high of $174.32. The company has a fifty day simple moving average of $156.57 and a 200 day simple moving average of $149.91. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35.

Raymond James (NYSE:RJF - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.62 by $0.31. Raymond James had a return on equity of 19.71% and a net margin of 14.06%. Sell-side analysts expect that Raymond James will post 11.17 EPS for the current fiscal year.

Raymond James Dividend Announcement

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 $0.50 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.38%. Raymond James's dividend payout ratio (DPR) is currently 19.51%.

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.