Raymond James (NYSE:RJF) Shares Acquired by Fmr LLC

FMR LLC boosted its holdings in shares of Raymond James (NYSE:RJF - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,522,025 shares of the financial services provider's stock after buying an additional 137,277 shares during the quarter. FMR LLC owned approximately 3.19% of Raymond James worth $1,013,066,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of RJF. TCTC Holdings LLC increased its holdings in shares of Raymond James by 176.7% in the 4th quarter. TCTC Holdings LLC now owns 166 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 106 shares during the period. Y.D. More Investments Ltd boosted its position in Raymond James by 121.0% during the fourth 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 grew its stake in 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 purchasing an additional 217 shares during the last quarter. Quarry LP raised its holdings in Raymond James by 80.3% in the third quarter. Quarry LP now owns 420 shares of the financial services provider's stock worth $51,000 after purchasing an additional 187 shares in the last quarter. Finally, Mizuho Bank Ltd. purchased a new stake in shares of Raymond James during the fourth quarter valued at about $53,000. Institutional investors own 83.83% of the company's stock.

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Raymond James Stock Performance

NYSE RJF traded up $3.04 during trading hours on Friday, reaching $135.27. The stock had a trading volume of 2,090,230 shares, compared to its average volume of 1,291,966. Raymond James has a 52-week low of $104.24 and a 52-week 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 stock has a market cap of $27.72 billion, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94. The stock has a fifty day moving average of $146.07 and a 200 day moving average of $151.33.

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

Raymond James Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.50 per share. 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 1.48%. Raymond James's payout ratio is currently 19.51%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on RJF shares. StockNews.com lowered shares of Raymond James from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Bank of America increased their price objective on Raymond James from $198.00 to $201.00 and gave the company a "buy" rating in a report on Thursday, January 30th. UBS Group upgraded Raymond James from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Wells Fargo & Company decreased their price target on Raymond James from $176.00 to $143.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods raised their price target on Raymond James from $170.00 to $177.00 and gave the stock a "market perform" rating in a report on Thursday, January 30th. Nine investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $160.27.

About Raymond James

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.