Raymond James (NYSE:RJF) Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. decreased its stake in Raymond James (NYSE:RJF - Free Report) by 59.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 210,380 shares of the financial services provider's stock after selling 313,907 shares during the period. APG Asset Management N.V. owned 0.10% of Raymond James worth $31,558,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Verition Fund Management LLC acquired a new position in shares of Raymond James in the 3rd quarter valued at about $519,000. Quarry LP lifted its stake in Raymond James by 80.3% in the third 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 period. Quantinno Capital Management LP boosted its holdings in shares of Raymond James by 59.7% during the 3rd quarter. Quantinno Capital Management LP now owns 26,428 shares of the financial services provider's stock worth $3,236,000 after buying an additional 9,879 shares in the last quarter. National Bank of Canada FI grew its position in shares of Raymond James by 78.3% during the 3rd quarter. National Bank of Canada FI now owns 97,347 shares of the financial services provider's stock worth $11,921,000 after buying an additional 42,744 shares during the period. Finally, MML Investors Services LLC increased its stake in shares of Raymond James by 0.4% in the 3rd quarter. MML Investors Services LLC now owns 22,467 shares of the financial services provider's stock valued at $2,751,000 after acquiring an additional 98 shares in the last quarter. 83.83% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of research analysts recently weighed in on RJF shares. Morgan Stanley upped their price target on Raymond James from $149.00 to $161.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 4th. JPMorgan Chase & Co. lifted their price target on shares of Raymond James from $166.00 to $172.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Bank of America boosted their price target on shares of Raymond James from $198.00 to $201.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Wells Fargo & Company reduced their price objective on shares of Raymond James from $176.00 to $143.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Finally, Citigroup dropped their price target on shares of 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 assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Raymond James currently has an average rating of "Hold" and a consensus target price of $160.27.

Raymond James Price Performance

Shares of RJF traded down $0.73 during midday trading on Monday, reaching $134.60. The stock had a trading volume of 249,212 shares, compared to its average volume of 1,546,709. The company has a market capitalization of $27.58 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94. The company's 50-day moving average is $146.07 and its 200 day moving average is $151.33. 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 has a 12-month low of $104.24 and a 12-month high of $174.32.

Raymond James (NYSE:RJF - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.93 EPS for the quarter, topping 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%. On average, equities analysts predict that Raymond James will post 11.17 EPS for the current fiscal year.

Raymond James Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a $0.50 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.00 dividend on an annualized basis and a yield of 1.49%. Raymond James's payout ratio is 19.51%.

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.