Achmea Investment Management B.V. Purchases 3,065 Shares of Raymond James (NYSE:RJF)

Achmea Investment Management B.V. increased its stake in shares of Raymond James (NYSE:RJF - Free Report) by 24.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,557 shares of the financial services provider's stock after buying an additional 3,065 shares during the period. Achmea Investment Management B.V.'s holdings in Raymond James were worth $2,417,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Y.D. More Investments Ltd increased its stake 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 worth $36,000 after purchasing an additional 127 shares during the last quarter. Plato Investment Management Ltd grew its holdings 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 valued at $37,000 after purchasing an additional 217 shares during the period. Gladius Capital Management LP purchased a new stake in Raymond James in the third quarter worth $34,000. Peterson Financial Group Inc. bought a new stake in shares of Raymond James in the third quarter valued at $37,000. Finally, Quarry LP lifted its position in shares of Raymond James by 80.3% during the 3rd quarter. Quarry LP now owns 420 shares of the financial services provider's stock valued at $51,000 after buying an additional 187 shares during the last quarter. Institutional investors own 83.83% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on RJF shares. Bank of America boosted their price objective on Raymond James from $198.00 to $201.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Morgan Stanley boosted their price target on shares of Raymond James from $149.00 to $161.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods raised their price objective on shares of Raymond James from $170.00 to $177.00 and gave the stock a "market perform" rating in a report on Thursday, January 30th. The Goldman Sachs Group raised shares of Raymond James from a "neutral" rating to a "buy" rating and boosted their target price for the company from $161.00 to $185.00 in a report on Monday, January 6th. Finally, StockNews.com lowered Raymond James from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Nine equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $167.55.

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Raymond James Price Performance

Raymond James stock traded up $2.70 during midday trading on Wednesday, hitting $146.44. 1,302,710 shares of the company's stock were exchanged, compared to its average volume of 1,347,194. The company has a market cap of $30.01 billion, a P/E ratio of 14.29, a PEG ratio of 0.90 and a beta of 1.04. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.03. The stock has a 50-day moving average price of $157.63 and a two-hundred day moving average price of $149.21. Raymond James has a 52-week low of $104.24 and a 52-week high of $174.32.

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

Raymond James Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Tuesday, April 1st. Raymond James's payout ratio is 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.