Natixis Advisors LLC Increases Holdings in Raymond James (NYSE:RJF)

Natixis Advisors LLC lifted its position in shares of Raymond James (NYSE:RJF) by 5.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 252,643 shares of the financial services provider’s stock after buying an additional 13,512 shares during the period. Natixis Advisors LLC owned about 0.12% of Raymond James worth $39,242,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of RJF. Wellington Management Group LLP grew its position in Raymond James by 31.4% during the 3rd quarter. Wellington Management Group LLP now owns 12,114,502 shares of the financial services provider’s stock worth $1,483,542,000 after acquiring an additional 2,898,242 shares during the last quarter. Raymond James Financial Inc. bought a new position in Raymond James during the 4th quarter worth approximately $105,701,000. JPMorgan Chase & Co. grew its position in Raymond James by 12.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,544,610 shares of the financial services provider’s stock worth $556,533,000 after acquiring an additional 488,245 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Raymond James by 433.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 567,460 shares of the financial services provider’s stock worth $88,144,000 after acquiring an additional 461,069 shares during the last quarter. Finally, Two Sigma Advisers LP bought a new position in Raymond James during the 3rd quarter worth approximately $34,105,000. 83.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RJF has been the topic of a number of recent analyst reports. The Goldman Sachs Group upgraded 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 report on Monday, January 6th. Wells Fargo & Company lifted their price objective on Raymond James from $168.00 to $176.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Bank of America lifted their price objective on Raymond James from $198.00 to $201.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Keefe, Bruyette & Woods lifted their price objective on Raymond James from $170.00 to $177.00 and gave the stock a “market perform” rating in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. lifted their price objective on Raymond James from $166.00 to $172.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Nine research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $167.55.

Raymond James Stock Up 2.0 %

Shares of NYSE:RJF opened at $142.64 on Monday. The stock has a fifty day simple moving average of $158.23 and a two-hundred day simple moving average of $148.86. The stock has a market capitalization of $29.23 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 0.90 and a beta of 1.04. Raymond James has a 12-month low of $104.24 and a 12-month high of $174.32. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35.

Raymond James (NYSE:RJF) last announced 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 return on equity of 19.71% and a net margin of 14.06%. On average, research analysts anticipate that Raymond James will post 11.17 earnings per share for the current fiscal year.

Raymond James Announces Dividend

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

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.