Raymond James (NYSE:RJF) Shares Acquired by Signaturefd LLC

Signaturefd LLC grew its stake in Raymond James (NYSE:RJF) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,459 shares of the financial services provider’s stock after purchasing an additional 487 shares during the quarter. Signaturefd LLC’s holdings in Raymond James were worth $1,314,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Coldstream Capital Management Inc. raised its stake in shares of Raymond James by 1.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,228 shares of the financial services provider’s stock valued at $528,000 after purchasing an additional 64 shares in the last quarter. CX Institutional raised its stake in shares of Raymond James by 2.9% in the 4th quarter. CX Institutional now owns 2,323 shares of the financial services provider’s stock valued at $361,000 after purchasing an additional 66 shares in the last quarter. Crestwood Advisors Group LLC raised its stake in shares of Raymond James by 3.5% in the 4th quarter. Crestwood Advisors Group LLC now owns 1,982 shares of the financial services provider’s stock valued at $308,000 after purchasing an additional 67 shares in the last quarter. Stablepoint Partners LLC raised its stake in shares of Raymond James by 0.5% in the 4th quarter. Stablepoint Partners LLC now owns 14,651 shares of the financial services provider’s stock valued at $2,276,000 after purchasing an additional 73 shares in the last quarter. Finally, Keybank National Association OH grew its position in shares of Raymond James by 0.7% during the 4th quarter. Keybank National Association OH now owns 11,248 shares of the financial services provider’s stock valued at $1,747,000 after buying an additional 76 shares during the last quarter. Institutional investors and hedge funds own 83.83% of the company’s stock.

Raymond James Trading Down 0.7 %

Raymond James stock opened at $143.50 on Wednesday. The firm has a 50 day simple moving average of $157.63 and a 200-day simple moving average of $149.21. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.03 and a quick ratio of 1.01. The stock has a market capitalization of $29.40 billion, a PE ratio of 14.00, a price-to-earnings-growth 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.

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 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 expect that Raymond James will post 11.17 EPS for the current fiscal year.

Raymond James Dividend Announcement

The business 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. This represents a $2.00 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Tuesday, April 1st. Raymond James’s dividend payout ratio (DPR) is presently 19.51%.

Analysts Set New Price Targets

RJF has been the subject of a number of recent research reports. Citigroup boosted their price objective on shares of Raymond James from $145.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. JMP Securities boosted 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 report on Thursday, January 30th. StockNews.com downgraded shares of Raymond James from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods boosted 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, Bank of America boosted their price objective on shares of Raymond James from $198.00 to $201.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Nine equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $167.55.

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.