Raymond James (NYSE:RJF) is Earnest Partners LLC's 6th Largest Position

Earnest Partners LLC boosted its stake in shares of Raymond James (NYSE:RJF - Free Report) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,533,666 shares of the financial services provider's stock after buying an additional 24,195 shares during the quarter. Raymond James accounts for approximately 1.8% of Earnest Partners LLC's portfolio, making the stock its 6th largest holding. Earnest Partners LLC owned 1.24% of Raymond James worth $393,554,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of Raymond James by 33.5% during the 3rd quarter. Barclays PLC now owns 847,108 shares of the financial services provider's stock worth $103,738,000 after buying an additional 212,697 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Raymond James in the third quarter valued at approximately $308,000. Pine Valley Investments Ltd Liability Co increased its stake in shares of Raymond James by 18.7% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 2,788 shares of the financial services provider's stock worth $341,000 after purchasing an additional 439 shares in the last quarter. World Investment Advisors LLC raised its position in shares of Raymond James by 7.3% during the 3rd quarter. World Investment Advisors LLC now owns 28,290 shares of the financial services provider's stock worth $3,464,000 after purchasing an additional 1,924 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB grew its holdings in Raymond James by 1.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 67,439 shares of the financial services provider's stock valued at $8,259,000 after buying an additional 1,026 shares during the last quarter. 83.83% of the stock is owned by hedge funds and other institutional investors.

Raymond James Stock Performance

NYSE RJF opened at $137.50 on Friday. 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 has a 1-year low of $104.24 and a 1-year high of $174.32. The firm has a market capitalization of $28.18 billion, a P/E ratio of 13.41, a P/E/G ratio of 0.90 and a beta of 0.94. The business's 50-day simple moving average is $140.43 and its 200-day simple moving average is $151.84.

Raymond James (NYSE:RJF - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $2.42 earnings per share for the quarter, missing analysts' consensus estimates of $2.44 by ($0.02). Raymond James had a net margin of 14.06% and a return on equity of 19.71%. The business had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same period last year, the firm earned $2.31 earnings per share. Equities analysts predict that Raymond James will post 11.17 EPS for the current year.

Raymond James Dividend Announcement

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

Wall Street Analysts Forecast Growth

RJF has been the subject of a number of analyst reports. StockNews.com cut Raymond James from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Morgan Stanley upped their target price on shares of Raymond James from $149.00 to $161.00 and gave the company an "equal weight" rating in a report on Tuesday, March 4th. Keefe, Bruyette & Woods lifted their price target on shares of Raymond James from $170.00 to $177.00 and gave the stock a "market perform" rating in a report on Thursday, January 30th. JPMorgan Chase & Co. reduced their price objective on shares of Raymond James from $149.00 to $143.00 and set a "neutral" rating on the stock in a research note on Thursday. Finally, Bank of America lifted their target price on shares of Raymond James from $198.00 to $201.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Ten research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $157.64.

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.

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