Schroder Investment Management Group Sells 20,218 Shares of Raymond James (NYSE:RJF)

Schroder Investment Management Group decreased its position in shares of Raymond James (NYSE:RJF - Free Report) by 7.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 256,791 shares of the financial services provider's stock after selling 20,218 shares during the quarter. Schroder Investment Management Group owned about 0.13% of Raymond James worth $39,887,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RJF. TCTC Holdings LLC boosted its position in shares of Raymond James by 176.7% during the fourth quarter. TCTC Holdings LLC now owns 166 shares of the financial services provider's stock worth $26,000 after purchasing an additional 106 shares in the last quarter. Y.D. More Investments Ltd lifted its holdings 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 worth $36,000 after acquiring an additional 127 shares in the last quarter. Plato Investment Management Ltd grew its stake in Raymond James by 1,142.1% in the fourth quarter. Plato Investment Management Ltd now owns 236 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 217 shares during the period. Quarry LP increased its holdings in shares of Raymond James by 80.3% in the third quarter. Quarry LP now owns 420 shares of the financial services provider's stock worth $51,000 after acquiring an additional 187 shares in the last quarter. Finally, Eastern Bank acquired a new stake in shares of Raymond James during the fourth quarter worth about $68,000. Institutional investors and hedge funds own 83.83% of the company's stock.

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Analyst Ratings Changes

A number of analysts recently issued reports on RJF shares. Citigroup lowered their target price on Raymond James from $180.00 to $150.00 and set a "neutral" rating for the company in a research note on Wednesday. Bank of America raised their price objective on shares of 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 upped 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. UBS Group upgraded Raymond James from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Finally, Morgan Stanley upped their price objective on Raymond James from $149.00 to $161.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. Nine investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $164.64.

Raymond James Stock Down 8.3 %

RJF stock traded down $11.71 during mid-day trading on Thursday, reaching $130.18. The company had a trading volume of 2,127,779 shares, compared to its average volume of 1,248,374. Raymond James has a 52 week low of $104.24 and a 52 week high of $174.32. The company has a market capitalization of $26.68 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 0.90 and a beta of 1.04. 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 stock has a 50 day simple moving average of $152.41 and a two-hundred day simple moving average of $150.76.

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, beating 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%. As a group, equities 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a $0.50 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.54%. Raymond James's payout ratio is 19.51%.

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.