Mizuho Securities USA LLC Increases Stock Position in Raymond James (NYSE:RJF)

Mizuho Securities USA LLC grew its position in Raymond James (NYSE:RJF - Free Report) by 44.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,341 shares of the financial services provider's stock after purchasing an additional 5,322 shares during the period. Mizuho Securities USA LLC's holdings in Raymond James were worth $2,694,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RJF. Empowered Funds LLC lifted its holdings in shares of Raymond James by 7.9% during the 3rd quarter. Empowered Funds LLC now owns 3,466 shares of the financial services provider's stock valued at $423,000 after purchasing an additional 255 shares in the last quarter. Commerce Bank boosted its position in Raymond James by 6.7% during the 3rd quarter. Commerce Bank now owns 10,445 shares of the financial services provider's stock worth $1,279,000 after acquiring an additional 658 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Raymond James by 1.0% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 64,320 shares of the financial services provider's stock valued at $7,877,000 after purchasing an additional 647 shares in the last quarter. Intech Investment Management LLC increased its position in shares of Raymond James by 354.5% in the third quarter. Intech Investment Management LLC now owns 14,956 shares of the financial services provider's stock valued at $1,832,000 after acquiring an additional 11,665 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Raymond James by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,064,349 shares of the financial services provider's stock worth $130,340,000 after purchasing an additional 7,121 shares in the last quarter. 83.83% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Raymond James from $166.00 to $172.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Bank of America boosted their target price on Raymond James from $198.00 to $201.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Wells Fargo & Company raised their price target on Raymond James from $168.00 to $176.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Keefe, Bruyette & Woods increased their price objective on shares of Raymond James from $170.00 to $177.00 and gave the company 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 target price for the stock from $161.00 to $185.00 in a report on Monday, January 6th. Nine research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $167.55.

Raymond James Stock Performance

Shares of NYSE RJF traded up $0.77 during mid-day trading on Tuesday, reaching $145.73. 988,478 shares of the company's stock were exchanged, compared to its average volume of 1,172,235. The firm has a market capitalization of $29.86 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth 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 current ratio of 1.03 and a quick ratio of 1.01. The firm has a 50-day moving average price of $156.57 and a two-hundred day moving average price of $149.91.

Raymond James (NYSE:RJF - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 EPS for the quarter, topping 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%. Analysts predict that Raymond James will post 11.17 EPS for the current year.

Raymond James Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Tuesday, April 1st. Raymond James's dividend payout ratio (DPR) is 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.