Gotham Asset Management LLC Has $2.97 Million Stock Holdings in Raymond James (NYSE:RJF)

Gotham Asset Management LLC boosted its position in Raymond James (NYSE:RJF) by 8.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,100 shares of the financial services provider’s stock after buying an additional 1,425 shares during the quarter. Gotham Asset Management LLC’s holdings in Raymond James were worth $2,967,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC raised its position in Raymond James by 2.2% in the 4th quarter. FMR LLC now owns 6,522,025 shares of the financial services provider’s stock valued at $1,013,066,000 after buying an additional 137,277 shares during the last quarter. JPMorgan Chase & Co. raised its position in Raymond James by 12.0% in 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 buying an additional 488,245 shares during the last quarter. Geode Capital Management LLC raised its position in Raymond James by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 4,392,260 shares of the financial services provider’s stock valued at $680,378,000 after buying an additional 40,576 shares during the last quarter. Earnest Partners LLC raised its position in Raymond James by 1.0% in the 4th quarter. Earnest Partners LLC now owns 2,533,666 shares of the financial services provider’s stock valued at $393,554,000 after buying an additional 24,195 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Raymond James by 8.6% during the 4th quarter. Invesco Ltd. now owns 2,435,306 shares of the financial services provider’s stock worth $378,276,000 after purchasing an additional 192,904 shares during the last quarter. Institutional investors and hedge funds own 83.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on RJF shares. Citigroup lowered their price target on Raymond James from $180.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. The Goldman Sachs Group lowered their price target on Raymond James from $198.00 to $173.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. JMP Securities reaffirmed a “market outperform” rating and set a $175.00 price target on shares of Raymond James in a research report on Thursday, April 24th. StockNews.com lowered Raymond James from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Bank of America lowered Raymond James from a “buy” rating to a “neutral” rating and set a $159.00 price target on the stock. in a research report on Wednesday, April 30th. Eleven investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Raymond James presently has an average rating of “Hold” and an average price target of $153.82.

Insider Activity at Raymond James

In related news, insider James E. Bunn sold 3,650 shares of the business’s stock in a transaction on Monday, April 28th. The stock was sold at an average price of $136.49, for a total value of $498,188.50. Following the completion of the sale, the insider now directly owns 78,227 shares in the company, valued at $10,677,203.23. The trade was a 4.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Raymond James Stock Performance

Shares of NYSE RJF opened at $152.85 on Friday. 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 50 day moving average of $139.00 and a 200-day moving average of $152.41. The company has a market capitalization of $30.84 billion, a P/E ratio of 14.91, a P/E/G ratio of 0.90 and a beta of 1.02.

Raymond James (NYSE:RJF) last released its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.02). The firm had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.46 billion. Raymond James had a net margin of 14.06% and a return on equity of 19.71%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.31 earnings per share. As a group, equities research analysts predict that Raymond James will post 11.17 EPS for the current year.

Raymond James Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $2.00 annualized dividend and a yield of 1.31%. Raymond James’s dividend payout ratio (DPR) is presently 19.25%.

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.