Catalyst Funds Management Pty Ltd Buys 2,000 Shares of Raymond James (NYSE:RJF)

Catalyst Funds Management Pty Ltd boosted its stake in shares of Raymond James (NYSE:RJF) by 500.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,400 shares of the financial services provider’s stock after acquiring an additional 2,000 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Raymond James were worth $373,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in RJF. Assetmark Inc. boosted its stake in shares of Raymond James by 43.8% in the 4th quarter. Assetmark Inc. now owns 453 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 138 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Raymond James in the 4th quarter valued at about $105,701,000. Franklin Resources Inc. boosted its stake in shares of Raymond James by 1.6% in the 3rd quarter. Franklin Resources Inc. now owns 568,070 shares of the financial services provider’s stock valued at $73,940,000 after purchasing an additional 9,217 shares during the last quarter. J.W. Cole Advisors Inc. bought a new position in shares of Raymond James in the 4th quarter valued at about $511,000. Finally, Banque Cantonale Vaudoise bought a new position in shares of Raymond James in the 3rd quarter valued at about $3,561,000. Institutional investors own 83.83% of the company’s stock.

Raymond James Price Performance

NYSE RJF opened at $142.64 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.35. Raymond James has a 12-month low of $104.24 and a 12-month high of $174.32. The company has a market capitalization of $29.23 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 0.90 and a beta of 1.04. The firm’s 50 day moving average is $158.23 and its 200-day moving average is $148.64.

Raymond James (NYSE:RJF) last posted its quarterly earnings data 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%. Equities 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 disclosed 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 of this dividend is Tuesday, April 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.40%. Raymond James’s dividend payout ratio (DPR) is presently 19.51%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on RJF shares. JMP Securities raised their target price 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. The Goldman Sachs Group raised shares of Raymond James from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $161.00 to $185.00 in a research note on Monday, January 6th. Bank of America lifted their price objective 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. UBS Group raised shares of Raymond James from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, Wells Fargo & Company lifted their price objective 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. Nine 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. Based on data from MarketBeat.com, Raymond James presently has a consensus rating of “Hold” and a consensus target price of $167.55.

Raymond James Company 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.