Tredje AP fonden Sells 15,671 Shares of Raymond James (NYSE:RJF)

Tredje AP fonden lowered its stake in shares of Raymond James (NYSE:RJF - Free Report) by 50.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,671 shares of the financial services provider's stock after selling 15,671 shares during the period. Tredje AP fonden's holdings in Raymond James were worth $2,434,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Y.D. More Investments Ltd raised its holdings in shares of Raymond James by 121.0% in the 4th 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 during the last quarter. Plato Investment Management Ltd raised its holdings in shares of Raymond James by 1,142.1% in the 4th quarter. Plato Investment Management Ltd now owns 236 shares of the financial services provider's stock worth $37,000 after acquiring an additional 217 shares during the last quarter. Gladius Capital Management LP acquired a new stake in shares of Raymond James in the 3rd quarter worth about $34,000. Peterson Financial Group Inc. acquired a new stake in shares of Raymond James in the 3rd quarter worth about $37,000. Finally, Quarry LP raised its holdings in shares of Raymond James by 80.3% in the 3rd quarter. Quarry LP now owns 420 shares of the financial services provider's stock worth $51,000 after acquiring an additional 187 shares during the last quarter. Institutional investors and hedge funds own 83.83% of the company's stock.

Raymond James Stock Performance

Shares of NYSE:RJF traded down $0.97 during mid-day trading on Tuesday, reaching $143.50. The company had a trading volume of 1,509,884 shares, compared to its average volume of 1,153,182. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35. The firm has a market cap of $29.40 billion, a price-to-earnings ratio of 14.00, a PEG ratio of 0.90 and a beta of 1.04. The company's 50-day moving average price is $157.94 and its 200-day moving average price is $149.04. Raymond James has a one year low of $104.24 and a one year high of $174.32.

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Raymond James (NYSE:RJF - Get Free Report) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 research analysts anticipate that Raymond James will post 11.17 EPS for the current fiscal year.

Raymond James Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.00 dividend on an annualized basis and a yield of 1.39%. Raymond James's payout ratio is 19.51%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RJF. JPMorgan Chase & Co. upped 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 boosted their target price on Raymond James from $198.00 to $201.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. The Goldman Sachs Group upgraded Raymond James from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $161.00 to $185.00 in a research note on Monday, January 6th. UBS Group upgraded Raymond James from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Finally, StockNews.com downgraded Raymond James from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Nine equities research 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 stock. According to data from MarketBeat.com, Raymond James has a consensus rating of "Hold" and a consensus price target 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.