1,775 Shares in Raymond James (NYSE:RJF) Acquired by Stevens Capital Management LP

Stevens Capital Management LP acquired a new position in shares of Raymond James (NYSE:RJF - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,775 shares of the financial services provider's stock, valued at approximately $276,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Assetmark Inc. raised its holdings in shares of Raymond James by 43.8% during the fourth quarter. Assetmark Inc. now owns 453 shares of the financial services provider's stock valued at $70,000 after acquiring an additional 138 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Raymond James in the fourth quarter valued at $105,701,000. Franklin Resources Inc. boosted its position in shares of Raymond James by 1.6% in the third quarter. Franklin Resources Inc. now owns 568,070 shares of the financial services provider's stock worth $73,940,000 after buying an additional 9,217 shares during the period. J.W. Cole Advisors Inc. purchased a new position in shares of Raymond James during the fourth quarter valued at $511,000. Finally, Proficio Capital Partners LLC acquired a new position in Raymond James during the fourth quarter valued at $21,334,000. Institutional investors and hedge funds own 83.83% of the company's stock.

Raymond James Stock Performance

Shares of Raymond James stock traded down $1.53 during trading on Thursday, reaching $143.01. The company's stock had a trading volume of 330,977 shares, compared to its average volume of 1,396,271. The firm has a market cap of $29.30 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 0.90 and a beta of 1.04. The business's fifty day moving average price is $156.01 and its 200-day moving average price is $150.08. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.03. 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 announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share (EPS) 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%. As a group, equities research analysts predict that Raymond James will post 11.17 earnings per share for the current year.

Raymond James Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.00 annualized dividend and a yield of 1.40%. Raymond James's dividend payout ratio is 19.51%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RJF. Citigroup lifted their target price on Raymond James from $145.00 to $170.00 and gave the company a "neutral" rating in a research note on Friday, January 10th. JMP Securities upped their price objective on shares of Raymond James from $175.00 to $190.00 and gave the company a "market outperform" rating in a research note on Thursday, January 30th. UBS Group upgraded shares of Raymond James from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Bank of America upped their price target 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. Finally, JPMorgan Chase & Co. lifted their price objective on Raymond James from $166.00 to $172.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Nine equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Raymond James has an average rating of "Hold" and a consensus price target of $167.55.

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.