2,741 Shares in Raymond James (NYSE:RJF) Bought by DRW Securities LLC

DRW Securities LLC acquired a new stake in shares of Raymond James (NYSE:RJF - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,741 shares of the financial services provider's stock, valued at approximately $426,000.

Other large investors have also recently added to or reduced their stakes in the company. Assetmark Inc. increased its stake in Raymond James by 43.8% in the fourth quarter. Assetmark Inc. now owns 453 shares of the financial services provider's stock valued at $70,000 after purchasing an additional 138 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Raymond James in the fourth quarter valued at about $105,701,000. Franklin Resources Inc. raised its holdings in shares of Raymond James by 1.6% during the third quarter. Franklin Resources Inc. now owns 568,070 shares of the financial services provider's stock worth $73,940,000 after purchasing an additional 9,217 shares during the period. J.W. Cole Advisors Inc. acquired a new position in Raymond James during the 4th quarter valued at approximately $511,000. Finally, Proficio Capital Partners LLC acquired a new position in Raymond James during the 4th quarter valued at about $21,334,000. 83.83% of the stock is owned by hedge funds and other institutional investors.

Raymond James Stock Down 1.4 %

NYSE:RJF traded down $1.87 during mid-day trading on Wednesday, hitting $134.34. 246,025 shares of the company's stock traded hands, compared to its average volume of 1,287,188. The company has a fifty day moving average of $144.81 and a 200 day moving average of $151.31. The company has a market capitalization of $27.53 billion, a P/E ratio of 13.11, a P/E/G ratio of 0.90 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.03. Raymond James has a twelve month low of $104.24 and a twelve month high of $174.32.

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

Raymond James Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were paid a $0.50 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.49%. Raymond James's dividend payout ratio (DPR) is 19.51%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on RJF shares. Bank of America boosted their target price on Raymond James from $198.00 to $201.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Wells Fargo & Company lowered their target price on shares of Raymond James from $176.00 to $143.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. UBS Group upgraded Raymond James from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. JMP Securities dropped their price objective on Raymond James from $190.00 to $175.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, Citigroup decreased their target price on shares of Raymond James from $180.00 to $150.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Nine analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average 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.