MML Investors Services LLC Grows Stock Holdings in Raymond James (NYSE:RJF)

MML Investors Services LLC grew its stake in shares of Raymond James (NYSE:RJF) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,884 shares of the financial services provider’s stock after acquiring an additional 417 shares during the period. MML Investors Services LLC’s holdings in Raymond James were worth $3,555,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in RJF. MetLife Investment Management LLC boosted its stake in Raymond James by 0.4% in the 4th quarter. MetLife Investment Management LLC now owns 48,442 shares of the financial services provider’s stock worth $7,524,000 after purchasing an additional 184 shares during the period. Natixis lifted its holdings in shares of Raymond James by 440.8% in the fourth quarter. Natixis now owns 14,812 shares of the financial services provider’s stock worth $2,301,000 after buying an additional 12,073 shares in the last quarter. Norinchukin Bank The boosted its position in shares of Raymond James by 8.9% in the fourth quarter. Norinchukin Bank The now owns 8,484 shares of the financial services provider’s stock valued at $1,318,000 after acquiring an additional 692 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its stake in Raymond James by 380.4% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 8,412 shares of the financial services provider’s stock valued at $1,307,000 after acquiring an additional 6,661 shares in the last quarter. Finally, Curi RMB Capital LLC increased its holdings in Raymond James by 5.9% during the 4th quarter. Curi RMB Capital LLC now owns 4,870 shares of the financial services provider’s stock worth $756,000 after acquiring an additional 270 shares during the period. 83.83% of the stock is owned by institutional investors.

Raymond James Price Performance

RJF stock opened at $137.50 on Friday. The firm has a market cap of $28.18 billion, a P/E ratio of 13.41, a P/E/G ratio of 0.90 and a beta of 0.94. The firm’s fifty day moving average is $140.43 and its 200 day moving average is $151.84. Raymond James has a 52 week low of $104.24 and a 52 week high of $174.32. 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 (NYSE:RJF) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $2.42 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.02). Raymond James had a return on equity of 19.71% and a net margin of 14.06%. The company had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.46 billion. During the same quarter in the prior year, the firm posted $2.31 EPS. Research analysts predict that Raymond James will post 11.17 earnings per share for the current year.

Raymond James Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Tuesday, April 1st. Raymond James’s dividend payout ratio (DPR) is presently 19.25%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Citigroup cut their price target on shares of Raymond James from $180.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd. Morgan Stanley lifted their price objective on Raymond James from $149.00 to $161.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. JPMorgan Chase & Co. decreased their target price on Raymond James from $149.00 to $143.00 and set a “neutral” rating on the stock in a research note on Thursday. Keefe, Bruyette & Woods lifted their price target on 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, StockNews.com lowered Raymond James from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Ten 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $157.64.

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.