Natixis Advisors LLC Has $39.24 Million Stock Position in Raymond James (NYSE:RJF)

Natixis Advisors LLC raised its position in Raymond James (NYSE:RJF - Free Report) by 5.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 252,643 shares of the financial services provider's stock after purchasing an additional 13,512 shares during the quarter. Natixis Advisors LLC owned about 0.12% of Raymond James worth $39,242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in shares of Raymond James by 31.4% in the third 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 purchasing an additional 2,898,242 shares during the period. State Street Corp increased its stake in shares of Raymond James by 0.7% in the third quarter. State Street Corp now owns 7,974,740 shares of the financial services provider's stock valued at $976,587,000 after purchasing an additional 54,265 shares during the period. JPMorgan Chase & Co. increased its stake 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 valued at $556,533,000 after purchasing an additional 488,245 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Raymond James by 0.3% in the third quarter. Geode Capital Management LLC now owns 4,351,684 shares of the financial services provider's stock valued at $531,013,000 after acquiring an additional 12,869 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Raymond James by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,078,166 shares of the financial services provider's stock valued at $167,472,000 after acquiring an additional 13,817 shares in the last quarter. Institutional investors and hedge funds own 83.83% of the company's stock.

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Raymond James Price Performance

NYSE RJF traded down $4.78 during trading hours on Thursday, reaching $141.64. 1,750,745 shares of the company's stock were exchanged, compared to its average volume of 1,156,818. The stock has a market cap of $29.02 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 0.90 and a beta of 1.04. Raymond James has a one year low of $104.24 and a one year high of $174.32. The firm has a fifty day moving average of $157.37 and a 200-day moving average of $149.19. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35.

Raymond James (NYSE:RJF - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.93 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%. On average, equities research analysts predict that Raymond James will post 11.17 earnings per share for the current fiscal 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 1.41%. The ex-dividend date of this dividend is Tuesday, April 1st. Raymond James's dividend payout ratio is 19.51%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price 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. Bank of America raised their price objective on Raymond James from $198.00 to $201.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Wells Fargo & Company increased their target price on shares of Raymond James from $168.00 to $176.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Citigroup boosted their price target on Raymond James from $145.00 to $170.00 and gave the company a "neutral" rating in a research note on Friday, January 10th. Finally, StockNews.com cut shares of Raymond James from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Nine analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $167.55.

Raymond James 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.