Lbp Am Sa Acquires New Position in Raymond James (NYSE:RJF)

LBP AM SA bought a new stake in shares of Raymond James (NYSE:RJF - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 12,998 shares of the financial services provider's stock, valued at approximately $2,019,000.

Several other hedge funds have also bought and sold shares of RJF. Gladius Capital Management LP bought a new stake in Raymond James during the third quarter valued at approximately $34,000. Y.D. More Investments Ltd lifted 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 during the last quarter. Peterson Financial Group Inc. bought a new stake in Raymond James during the third quarter valued at approximately $37,000. Plato Investment Management Ltd lifted its position in Raymond James by 1,142.1% during 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. Finally, Quarry LP lifted its position in Raymond James by 80.3% during the third quarter. Quarry LP now owns 420 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 187 shares during the last quarter. 83.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on RJF shares. Morgan Stanley boosted their price objective on shares of Raymond James from $149.00 to $161.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. UBS Group upgraded shares of Raymond James from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. The Goldman Sachs Group upgraded shares of Raymond James from a "neutral" rating to a "buy" rating and upped their price target for the company from $161.00 to $185.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods upped their price target on shares of Raymond James from $170.00 to $177.00 and gave the company a "market perform" rating in a report on Thursday, January 30th. Finally, Citigroup upped their price target on shares of Raymond James from $145.00 to $170.00 and gave the company a "neutral" rating in a report on Friday, January 10th. Nine 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 MarketBeat, the company has an average rating of "Hold" and an average target price of $167.55.

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Raymond James Trading Down 3.3 %

Raymond James stock traded down $4.78 during mid-day trading on Thursday, reaching $141.64. 1,750,745 shares of the company traded hands, compared to its average volume of 1,156,818. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.03 and a quick ratio of 1.01. The firm's 50 day moving average price is $157.37 and its 200 day moving average price is $149.19. The firm has a market capitalization of $29.02 billion, a price-to-earnings ratio of 13.82, 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.

Raymond James (NYSE:RJF - Get Free Report) last released its earnings results on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share for the quarter, topping analysts' consensus estimates of $2.62 by $0.31. Raymond James had a net margin of 14.06% and a return on equity of 19.71%. On average, analysts anticipate that Raymond James will post 11.17 earnings per share for the current fiscal year.

Raymond James Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Tuesday, April 1st. Raymond James's dividend payout ratio is presently 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.