Avantax Advisory Services Inc. Has $2.56 Million Stock Holdings in Raymond James (NYSE:RJF)

Avantax Advisory Services Inc. cut its position in Raymond James (NYSE:RJF - Free Report) by 12.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,453 shares of the financial services provider's stock after selling 2,249 shares during the quarter. Avantax Advisory Services Inc.'s holdings in Raymond James were worth $2,556,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of RJF. Victory Capital Management Inc. grew its holdings in Raymond James by 0.3% in the 3rd quarter. Victory Capital Management Inc. now owns 120,822 shares of the financial services provider's stock valued at $14,796,000 after buying an additional 388 shares during the last quarter. Metis Global Partners LLC grew its position in Raymond James by 1.4% in the third quarter. Metis Global Partners LLC now owns 6,115 shares of the financial services provider's stock valued at $749,000 after acquiring an additional 82 shares during the period. CIBC Asset Management Inc boosted its position in Raymond James by 7.2% in the third quarter. CIBC Asset Management Inc now owns 28,366 shares of the financial services provider's stock valued at $3,474,000 after buying an additional 1,908 shares in the last quarter. Empirical Finance LLC increased its position in Raymond James by 2.3% in the third quarter. Empirical Finance LLC now owns 6,293 shares of the financial services provider's stock worth $771,000 after purchasing an additional 141 shares during the period. Finally, Empowered Funds LLC lifted its position in Raymond James by 7.9% during the 3rd quarter. Empowered Funds LLC now owns 3,466 shares of the financial services provider's stock valued at $423,000 after purchasing an additional 255 shares during the period. Institutional investors own 83.83% of the company's stock.

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Raymond James Stock Down 3.3 %

NYSE:RJF traded down $4.78 during trading hours on Thursday, reaching $141.64. 1,750,745 shares of the stock were exchanged, compared to its average volume of 1,354,798. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.03 and a quick ratio of 1.01. Raymond James has a twelve month low of $104.24 and a twelve month high of $174.32. The stock has a market cap of $29.02 billion, a PE ratio of 13.82, a PEG ratio of 0.90 and a beta of 1.04. The firm has a 50 day moving average of $157.37 and a 200 day moving average of $149.19.

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

Raymond James Announces Dividend

The company also recently announced 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. 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 1.41%. Raymond James's payout ratio is 19.51%.

Wall Street Analyst Weigh In

RJF has been the subject of several recent research reports. Morgan Stanley upped their target price 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. StockNews.com lowered Raymond James from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. JMP Securities raised their target price on Raymond James from $175.00 to $190.00 and gave the stock a "market outperform" rating in a report on Thursday, January 30th. JPMorgan Chase & Co. increased 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. Finally, Citigroup boosted their price objective 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. Nine 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 company. According to data from MarketBeat.com, Raymond James has a consensus rating of "Hold" and a consensus target price of $167.55.

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.