Raymond James (NYSE:RJF) Shares Purchased by HUB Investment Partners LLC

HUB Investment Partners LLC lifted its position in shares of Raymond James (NYSE:RJF - Free Report) by 99.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 14,186 shares of the financial services provider's stock after buying an additional 7,087 shares during the period. HUB Investment Partners LLC's holdings in Raymond James were worth $2,204,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of RJF. Wellington Management Group LLP grew its holdings 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 valued at $1,483,542,000 after buying an additional 2,898,242 shares during the period. Raymond James Financial Inc. purchased a new stake in Raymond James in the fourth quarter valued at approximately $105,701,000. JPMorgan Chase & Co. grew its holdings in 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 valued at $556,533,000 after purchasing an additional 488,245 shares during the period. PNC Financial Services Group Inc. increased its position in Raymond James by 433.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 567,460 shares of the financial services provider's stock worth $88,144,000 after purchasing an additional 461,069 shares during the last quarter. Finally, Two Sigma Advisers LP purchased a new position in Raymond James during the third quarter worth approximately $34,105,000. Institutional investors and hedge funds own 83.83% of the company's stock.

Raymond James Stock Up 0.5 %

Shares of RJF stock traded up $0.77 on Tuesday, hitting $145.73. The stock had a trading volume of 988,478 shares, compared to its average volume of 1,172,648. The stock's 50 day moving average is $156.57 and its 200-day moving average is $149.91. The firm has a market capitalization of $29.86 billion, a price-to-earnings ratio of 14.22, a P/E/G ratio of 0.90 and a beta of 1.04. 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.

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Raymond James (NYSE:RJF - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.93 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%. As a group, research 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. Stockholders of record on Tuesday, April 1st will be paid a $0.50 dividend. 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 1.37%. Raymond James's dividend payout ratio (DPR) is presently 19.51%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Morgan Stanley upped their price objective on Raymond James from $149.00 to $161.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. Wells Fargo & Company upped their price target on Raymond James from $168.00 to $176.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Citigroup lifted their price objective on Raymond James from $145.00 to $170.00 and gave the company a "neutral" rating in a research note on Friday, January 10th. Keefe, Bruyette & Woods increased their target price on shares of Raymond James from $170.00 to $177.00 and gave the stock a "market perform" rating in a research report on Thursday, January 30th. Finally, The Goldman Sachs Group raised shares of Raymond James from a "neutral" rating to a "buy" rating and lifted their price target for the company from $161.00 to $185.00 in a research report on Monday, January 6th. 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's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $167.55.

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.