Pictet Asset Management Holding SA Buys 17,759 Shares of Raymond James (NYSE:RJF)

Pictet Asset Management Holding SA raised its holdings in Raymond James (NYSE:RJF - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 131,038 shares of the financial services provider's stock after acquiring an additional 17,759 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.06% of Raymond James worth $20,354,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of RJF. Coldstream Capital Management Inc. increased its holdings in Raymond James by 1.5% in the third quarter. Coldstream Capital Management Inc. now owns 4,228 shares of the financial services provider's stock valued at $528,000 after purchasing an additional 64 shares during the period. CX Institutional increased its stake in shares of Raymond James by 2.9% in the fourth quarter. CX Institutional now owns 2,323 shares of the financial services provider's stock valued at $361,000 after buying an additional 66 shares during the period. Crestwood Advisors Group LLC increased its stake in shares of Raymond James by 3.5% in the fourth quarter. Crestwood Advisors Group LLC now owns 1,982 shares of the financial services provider's stock valued at $308,000 after buying an additional 67 shares during the period. Stablepoint Partners LLC raised its position in shares of Raymond James by 0.5% during the fourth quarter. Stablepoint Partners LLC now owns 14,651 shares of the financial services provider's stock worth $2,276,000 after acquiring an additional 73 shares during the last quarter. Finally, Keybank National Association OH lifted its stake in shares of Raymond James by 0.7% in the fourth quarter. Keybank National Association OH now owns 11,248 shares of the financial services provider's stock worth $1,747,000 after acquiring an additional 76 shares during the period. Institutional investors own 83.83% of the company's stock.

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Analyst Ratings Changes

A number of analysts have weighed in on the stock. UBS Group raised shares of Raymond James from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Wells Fargo & Company lifted 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 note on Thursday, January 30th. StockNews.com cut shares of Raymond James from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. lifted their price objective on Raymond James from $166.00 to $172.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Finally, The Goldman Sachs Group cut their target price on Raymond James from $198.00 to $173.00 and set a "buy" rating on the stock in a research report on Thursday. Nine research 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 stock. According to data from MarketBeat.com, Raymond James currently has an average rating of "Hold" and an average price target of $164.64.

Raymond James Stock Down 8.3 %

Shares of NYSE:RJF traded down $11.71 during trading on Thursday, reaching $130.18. 2,127,779 shares of the stock were exchanged, compared to its average volume of 1,246,334. Raymond James has a 1-year low of $104.24 and a 1-year high of $174.32. The stock has a fifty day moving average of $153.24 and a two-hundred day moving average of $150.90. 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 market cap of $26.68 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 0.90 and a beta of 1.04.

Raymond James (NYSE:RJF - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share 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%. Research 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a $0.50 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.00 annualized dividend and a yield of 1.54%. Raymond James's payout ratio is 19.51%.

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.