20,262 Shares in Raymond James (NYSE:RJF) Acquired by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR purchased a new stake in shares of Raymond James (NYSE:RJF - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 20,262 shares of the financial services provider's stock, valued at approximately $3,147,000.

Other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP raised its position in Raymond James by 31.4% in the 3rd quarter. Wellington Management Group LLP now owns 12,114,502 shares of the financial services provider's stock worth $1,483,542,000 after purchasing an additional 2,898,242 shares during the period. Raymond James Financial Inc. bought a new position in shares of Raymond James during the fourth quarter valued at about $105,701,000. JPMorgan Chase & Co. increased its holdings in shares of Raymond James by 12.0% in 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 during the period. PNC Financial Services Group Inc. lifted its stake in shares of Raymond James by 433.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 567,460 shares of the financial services provider's stock valued at $88,144,000 after acquiring an additional 461,069 shares during the last quarter. Finally, Two Sigma Advisers LP purchased a new stake in Raymond James during the 3rd quarter valued at about $34,105,000. 83.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on RJF shares. Keefe, Bruyette & Woods boosted their price objective on Raymond James from $170.00 to $177.00 and gave the company a "market perform" rating in a research report on Thursday, January 30th. Wells Fargo & Company upped their price target 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. JPMorgan Chase & Co. raised their price target on shares of Raymond James from $166.00 to $172.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. StockNews.com downgraded shares of Raymond James from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Finally, The Goldman Sachs Group upgraded Raymond James from a "neutral" rating to a "buy" rating and boosted their price target for the company from $161.00 to $185.00 in a report on Monday, January 6th. Nine equities research 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 stock has a consensus rating of "Hold" and an average price target of $167.55.

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Raymond James Stock Up 2.8 %

Shares of NYSE:RJF traded up $3.97 during trading on Monday, hitting $145.03. The stock had a trading volume of 1,295,559 shares, compared to its average volume of 1,172,900. The company has a market capitalization of $29.72 billion, a PE ratio of 14.15, a PEG ratio of 0.90 and a beta of 1.04. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.35. The firm's fifty day moving average is $156.76 and its 200 day moving average is $149.72. Raymond James has a 12 month low of $104.24 and a 12 month high of $174.32.

Raymond James (NYSE:RJF - Get Free Report) last posted 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 return on equity of 19.71% and a net margin of 14.06%. Analysts anticipate that Raymond James will post 11.17 EPS for the current fiscal year.

Raymond James Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, April 1st. This represents a $2.00 dividend on an annualized basis and a yield of 1.38%. Raymond James's dividend payout ratio (DPR) is currently 19.51%.

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.