Lbp Am Sa Buys Shares of 12,998 Raymond James (NYSE:RJF)

Lbp Am Sa purchased a new stake in shares of Raymond James (NYSE:RJF) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 12,998 shares of the financial services provider’s stock, valued at approximately $2,019,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Y.D. More Investments Ltd grew its holdings in shares of Raymond James by 121.0% during the 4th quarter. Y.D. More Investments Ltd now owns 232 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 127 shares during the last quarter. Plato Investment Management Ltd grew its holdings in shares of Raymond James by 1,142.1% during the 4th quarter. Plato Investment Management Ltd now owns 236 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 217 shares during the last quarter. Gladius Capital Management LP bought a new stake in shares of Raymond James during the 3rd quarter valued at approximately $34,000. Peterson Financial Group Inc. bought a new stake in shares of Raymond James during the 3rd quarter valued at approximately $37,000. Finally, Quarry LP grew its holdings in shares of Raymond James by 80.3% during the 3rd quarter. Quarry LP now owns 420 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 187 shares during the last quarter. 83.83% of the stock is owned by institutional investors.

Raymond James Stock Up 2.0 %

Shares of NYSE RJF opened at $142.64 on Friday. 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 52-week low of $104.24 and a 52-week high of $174.32. The company’s 50 day moving average price is $158.23 and its 200-day moving average price is $148.64. The company has a market capitalization of $29.23 billion, a P/E ratio of 13.92, a price-to-earnings-growth ratio of 0.90 and a beta of 1.04.

Raymond James (NYSE:RJF) last released its earnings results 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 analysts forecast that Raymond James will post 11.17 earnings per share for the current year.

Raymond James Dividend Announcement

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

Wall Street Analysts Forecast Growth

RJF has been the topic of several research reports. StockNews.com lowered shares of Raymond James from a “buy” rating to a “hold” rating in a report on Monday, February 10th. UBS Group upgraded shares of Raymond James from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. JMP Securities lifted their target price on shares of Raymond James from $175.00 to $190.00 and gave the stock a “market outperform” rating in a research report on Thursday, January 30th. Morgan Stanley lifted their target price on shares of Raymond James from $149.00 to $161.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Finally, The Goldman Sachs Group upgraded shares of Raymond James from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $161.00 to $185.00 in a research report on Monday, January 6th. Nine analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Raymond James presently has a consensus rating of “Hold” and a consensus 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.