Canada Post Corp Registered Pension Plan Takes $507,000 Position in Raymond James (NYSE:RJF)

Canada Post Corp Registered Pension Plan purchased a new position in shares of Raymond James (NYSE:RJF - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,263 shares of the financial services provider's stock, valued at approximately $507,000.

Other institutional investors have also modified their holdings of the company. FMR LLC raised its position in Raymond James by 2.2% during the fourth quarter. FMR LLC now owns 6,522,025 shares of the financial services provider's stock valued at $1,013,066,000 after acquiring an additional 137,277 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Raymond James by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 4,544,610 shares of the financial services provider's stock worth $556,533,000 after buying an additional 488,245 shares in the last quarter. Geode Capital Management LLC grew its position in Raymond James by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 4,392,260 shares of the financial services provider's stock valued at $680,378,000 after buying an additional 40,576 shares during the period. Invesco Ltd. raised its position in shares of Raymond James by 8.6% in the fourth quarter. Invesco Ltd. now owns 2,435,306 shares of the financial services provider's stock worth $378,276,000 after acquiring an additional 192,904 shares during the period. Finally, Norges Bank purchased a new stake in shares of Raymond James during the 4th quarter worth about $294,647,000. Hedge funds and other institutional investors own 83.83% of the company's stock.

Raymond James Trading Down 2.5 %

RJF traded down $3.40 during trading hours on Monday, reaching $130.06. The company's stock had a trading volume of 182,565 shares, compared to its average volume of 1,289,004. Raymond James has a fifty-two week low of $104.24 and a fifty-two week high of $174.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.03 and a quick ratio of 1.01. The stock has a market cap of $26.65 billion, a PE ratio of 12.69, a P/E/G ratio of 0.90 and a beta of 0.94. The business's 50-day moving average is $142.94 and its 200-day moving average is $151.71.

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, 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%. As a group, equities research analysts predict that Raymond James will post 11.17 earnings per share for the current fiscal year.

Raymond James Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend was Tuesday, April 1st. Raymond James's dividend payout ratio (DPR) is 19.51%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. The Goldman Sachs Group lowered their price target on Raymond James from $198.00 to $173.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. UBS Group raised shares of Raymond James from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Morgan Stanley lifted 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. JPMorgan Chase & Co. raised their price target on shares of Raymond James from $166.00 to $172.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Finally, Citigroup decreased 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 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, the stock currently has an average rating of "Hold" and a consensus price target of $160.27.

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.