Cibc World Markets Corp Cuts Holdings in Raymond James (NYSE:RJF)

Cibc World Markets Corp trimmed its position in shares of Raymond James (NYSE:RJF - Free Report) by 19.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,471 shares of the financial services provider's stock after selling 7,091 shares during the quarter. Cibc World Markets Corp's holdings in Raymond James were worth $4,578,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Y.D. More Investments Ltd boosted its holdings in Raymond James by 121.0% in the 4th quarter. Y.D. More Investments Ltd now owns 232 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 127 shares in the last quarter. Plato Investment Management Ltd boosted its stake in shares of Raymond James by 1,142.1% in the fourth quarter. Plato Investment Management Ltd now owns 236 shares of the financial services provider's stock valued at $37,000 after buying an additional 217 shares in the last quarter. Quarry LP grew its holdings in Raymond James by 80.3% during the third quarter. Quarry LP now owns 420 shares of the financial services provider's stock worth $51,000 after acquiring an additional 187 shares during the period. Eastern Bank purchased a new position in Raymond James in the fourth quarter worth $68,000. Finally, Assetmark Inc. raised its position in Raymond James by 43.8% in the fourth quarter. Assetmark Inc. now owns 453 shares of the financial services provider's stock worth $70,000 after acquiring an additional 138 shares in the last quarter. 83.83% of the stock is currently owned by institutional investors and hedge funds.

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Raymond James Trading Up 2.8 %

RJF traded up $3.97 during trading on Monday, hitting $145.03. The company's stock had a trading volume of 1,295,559 shares, compared to its average volume of 1,172,900. Raymond James has a twelve month low of $104.24 and a twelve month high of $174.32. The firm's 50 day moving average price is $156.76 and its 200-day moving average price is $149.72. 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 $29.72 billion, a PE ratio of 14.15, a PEG ratio of 0.90 and a beta of 1.04.

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

Raymond James Dividend Announcement

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 given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.38%. Raymond James's dividend payout ratio is presently 19.51%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RJF. Morgan Stanley upped their price target on shares of Raymond James from $149.00 to $161.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 4th. Wells Fargo & Company increased their target price on shares of Raymond James from $168.00 to $176.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. StockNews.com lowered Raymond James from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Citigroup upped their price target on Raymond James from $145.00 to $170.00 and gave the stock a "neutral" rating in a report on Friday, January 10th. Finally, UBS Group raised Raymond James from a "hold" rating to a "strong-buy" rating in a 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average 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.