Catalyst Funds Management Pty Ltd Purchases 2,000 Shares of Raymond James (NYSE:RJF)

Catalyst Funds Management Pty Ltd boosted its position in Raymond James (NYSE:RJF - Free Report) by 500.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,400 shares of the financial services provider's stock after buying an additional 2,000 shares during the quarter. Catalyst Funds Management Pty Ltd's holdings in Raymond James were worth $373,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Assetmark Inc. lifted its stake in Raymond James by 43.8% during the fourth quarter. Assetmark Inc. now owns 453 shares of the financial services provider's stock worth $70,000 after purchasing an additional 138 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Raymond James in the 4th quarter worth about $105,701,000. Franklin Resources Inc. boosted its holdings in shares of Raymond James by 1.6% in the 3rd quarter. Franklin Resources Inc. now owns 568,070 shares of the financial services provider's stock valued at $73,940,000 after buying an additional 9,217 shares during the period. J.W. Cole Advisors Inc. bought a new stake in shares of Raymond James during the 4th quarter valued at about $511,000. Finally, Banque Cantonale Vaudoise acquired a new stake in Raymond James during the third quarter worth about $3,561,000. Institutional investors and hedge funds own 83.83% of the company's stock.

Raymond James Price Performance

NYSE RJF traded down $4.78 on Thursday, reaching $141.64. The company's stock had a trading volume of 1,750,747 shares, compared to its average volume of 1,354,808. Raymond James has a twelve month low of $104.24 and a twelve month high of $174.32. 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 firm's 50 day moving average is $157.37 and its two-hundred day moving average is $149.19. 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.

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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 net margin of 14.06% and a return on equity of 19.71%. As a group, sell-side analysts predict that Raymond James will post 11.17 EPS for the current year.

Raymond James Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $0.50 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.00 annualized dividend and a yield of 1.41%. Raymond James's dividend payout ratio (DPR) is currently 19.51%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RJF. Citigroup lifted their target price on Raymond James from $145.00 to $170.00 and gave the company a "neutral" rating in a research note on Friday, January 10th. Wells Fargo & Company increased their price objective on shares of Raymond James from $168.00 to $176.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. Keefe, Bruyette & Woods boosted their target price on shares of Raymond James from $170.00 to $177.00 and gave the company a "market perform" rating in a research note on Thursday, January 30th. 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, UBS Group upgraded Raymond James from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Raymond James currently has a consensus rating of "Hold" and a consensus target price of $167.55.

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.