Orion Portfolio Solutions LLC Sells 874 Shares of Raymond James (NYSE:RJF)

Orion Portfolio Solutions LLC lowered its position in Raymond James (NYSE:RJF) by 3.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,386 shares of the financial services provider’s stock after selling 874 shares during the period. Orion Portfolio Solutions LLC’s holdings in Raymond James were worth $3,322,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in RJF. Wellington Management Group LLP raised its holdings in Raymond James by 31.4% in the third quarter. Wellington Management Group LLP now owns 12,114,502 shares of the financial services provider’s stock worth $1,483,542,000 after purchasing an additional 2,898,242 shares in the last quarter. Norges Bank purchased a new stake in shares of Raymond James in the 4th quarter worth about $294,647,000. Raymond James Financial Inc. bought a new position in shares of Raymond James in the 4th quarter worth about $105,701,000. JPMorgan Chase & Co. lifted 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 valued at $556,533,000 after acquiring an additional 488,245 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Raymond James by 433.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 567,460 shares of the financial services provider’s stock worth $88,144,000 after purchasing an additional 461,069 shares during the period. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Raymond James Trading Down 0.2 %

Shares of RJF stock opened at $138.72 on Tuesday. 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 has a 12-month low of $104.24 and a 12-month high of $174.32. The stock has a market capitalization of $28.42 billion, a P/E ratio of 13.53, a P/E/G ratio of 0.90 and a beta of 1.04. The firm’s 50 day moving average is $154.44 and its 200 day moving average is $150.82.

Raymond James (NYSE:RJF) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 EPS for the quarter, topping the consensus estimate of $2.62 by $0.31. Raymond James had a return on equity of 19.71% and a net margin of 14.06%. Research analysts expect that Raymond James will post 11.17 earnings per share for the current 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 paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Tuesday, April 1st. Raymond James’s dividend payout ratio (DPR) is presently 19.51%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Bank of America lifted their target price on shares of Raymond James from $198.00 to $201.00 and gave the company a “buy” rating in a report on Thursday, January 30th. JMP Securities boosted their target price on Raymond James from $175.00 to $190.00 and gave the stock a “market outperform” rating in a report on Thursday, January 30th. StockNews.com downgraded Raymond James from a “buy” rating to a “hold” rating in a report on Monday, February 10th. JPMorgan Chase & Co. upped their price target on shares of Raymond James from $166.00 to $172.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Finally, Citigroup raised their price objective on shares of Raymond James from $145.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Nine investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.