Raymond James (NYSE:RJF) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC raised its position in shares of Raymond James (NYSE:RJF - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 582,266 shares of the financial services provider's stock after purchasing an additional 17,130 shares during the quarter. Hsbc Holdings PLC owned 0.28% of Raymond James worth $90,475,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in RJF. TCTC Holdings LLC boosted its position in Raymond James by 176.7% in the fourth quarter. TCTC Holdings LLC now owns 166 shares of the financial services provider's stock valued at $26,000 after buying an additional 106 shares during the last quarter. Y.D. More Investments Ltd lifted its stake in Raymond James by 121.0% during the 4th quarter. Y.D. More Investments Ltd now owns 232 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 127 shares during the period. Plato Investment Management Ltd boosted its holdings in shares of Raymond James by 1,142.1% in the 4th quarter. Plato Investment Management Ltd now owns 236 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 217 shares during the last quarter. Covestor Ltd increased its stake in shares of Raymond James by 56.7% in the fourth quarter. Covestor Ltd now owns 337 shares of the financial services provider's stock worth $52,000 after acquiring an additional 122 shares during the period. Finally, Mizuho Bank Ltd. purchased a new position in shares of Raymond James during the fourth quarter worth $53,000. Hedge funds and other institutional investors own 83.83% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of Raymond James from $149.00 to $143.00 and set a "neutral" rating on the stock in a report on Thursday. UBS Group raised Raymond James from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Citigroup decreased their price target on Raymond James from $180.00 to $150.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. JMP Securities reaffirmed a "market outperform" rating and set a $175.00 price objective on shares of Raymond James in a research note on Thursday. Finally, Wells Fargo & Company decreased their target price on shares of 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. Ten equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $157.64.

Raymond James Price Performance

NYSE RJF traded up $0.24 during mid-day trading on Friday, hitting $137.50. The stock had a trading volume of 1,139,466 shares, compared to its average volume of 1,295,974. Raymond James has a twelve month low of $104.24 and a twelve month high of $174.32. The stock has a market capitalization of $28.18 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 0.90 and a beta of 0.94. The firm's 50 day moving average is $140.43 and its 200 day moving average is $151.84. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.03 and a quick ratio of 1.01.

Raymond James (NYSE:RJF - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $2.42 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.02). Raymond James had a return on equity of 19.71% and a net margin of 14.06%. The business had revenue of $3.40 billion during the quarter, compared to analysts' expectations of $3.46 billion. During the same quarter in the previous year, the company posted $2.31 earnings per share. Equities research analysts forecast that Raymond James will post 11.17 earnings per share for the current fiscal year.

Raymond James Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were given a $0.50 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $2.00 dividend on an annualized basis and a yield of 1.45%. Raymond James's payout ratio is currently 19.25%.

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.