Barclays PLC Has $86.74 Million Holdings in Raymond James (NYSE:RJF)

Barclays PLC reduced its position in Raymond James (NYSE:RJF - Free Report) by 34.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 558,395 shares of the financial services provider's stock after selling 288,713 shares during the period. Barclays PLC owned approximately 0.27% of Raymond James worth $86,736,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Carson Advisory Inc. bought a new stake in shares of Raymond James in the fourth quarter worth $246,000. Sagespring Wealth Partners LLC acquired a new stake in shares of Raymond James in the 4th quarter valued at about $246,000. Covestor Ltd lifted its position in shares of Raymond James by 56.7% during the fourth quarter. Covestor Ltd now owns 337 shares of the financial services provider's stock worth $52,000 after purchasing an additional 122 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Raymond James by 0.8% during the 4th quarter. Bessemer Group Inc. now owns 20,168 shares of the financial services provider's stock worth $3,132,000 after buying an additional 151 shares during the last quarter. Finally, DRW Securities LLC acquired a new stake in shares of Raymond James during the 4th quarter valued at approximately $426,000. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Raymond James Price Performance

NYSE RJF traded up $1.30 on Friday, reaching $133.48. 2,421,796 shares of the stock traded hands, compared to its average volume of 1,300,324. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.35. The company has a market cap of $27.35 billion, a price-to-earnings ratio of 13.02, a P/E/G ratio of 0.90 and a beta of 0.94. The firm's fifty day simple moving average is $142.94 and its 200 day simple moving average is $151.33. Raymond James has a 12 month low of $104.24 and a 12 month high of $174.32.

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

Raymond James Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were given a $0.50 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $2.00 annualized dividend and a yield of 1.50%. Raymond James's dividend payout ratio (DPR) is 19.51%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on RJF shares. Bank of America increased their target price 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. Citigroup decreased 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, April 2nd. Morgan Stanley boosted their price objective on Raymond James from $149.00 to $161.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods lifted their price objective on shares of Raymond James from $170.00 to $177.00 and gave the company a "market perform" rating in a research report on Thursday, January 30th. Finally, JMP Securities decreased their target price on shares of Raymond James from $190.00 to $175.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Nine investment 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 has a consensus rating of "Hold" and an average target price of $160.27.

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.