Raymond James (NYSE:RJF) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its holdings in shares of Raymond James (NYSE:RJF) by 35.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 262,037 shares of the financial services provider’s stock after buying an additional 69,000 shares during the period. Renaissance Technologies LLC’s holdings in Raymond James were worth $40,702,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. TCTC Holdings LLC lifted its stake in shares of Raymond James by 176.7% during the fourth quarter. TCTC Holdings LLC now owns 166 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 106 shares in the last quarter. Y.D. More Investments Ltd raised 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 buying an additional 127 shares during the period. Plato Investment Management Ltd lifted its position in 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 worth $37,000 after acquiring an additional 217 shares in the last quarter. Mizuho Bank Ltd. purchased a new position in Raymond James in the 4th quarter worth approximately $53,000. Finally, Eastern Bank acquired a new stake in Raymond James in the fourth quarter valued at approximately $68,000. 83.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RJF has been the topic of a number of recent research reports. The Goldman Sachs Group reduced their target price on shares of Raymond James from $198.00 to $173.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. Bank of America upped 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. UBS Group raised Raymond James from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Morgan Stanley increased their price target on Raymond James from $149.00 to $161.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. lifted their price objective on Raymond James from $166.00 to $172.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Nine equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $160.27.

Raymond James Price Performance

Shares of NYSE RJF opened at $132.15 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. The company has a market capitalization of $27.08 billion, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94. Raymond James has a twelve month low of $104.24 and a twelve month high of $174.32. The business has a 50 day simple moving average of $146.66 and a 200-day simple moving average of $151.06.

Raymond James (NYSE:RJF) last released its earnings results on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share 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 earnings per share for the current year.

Raymond James Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.00 dividend on an annualized basis and a yield of 1.51%. Raymond James’s dividend payout ratio is currently 19.51%.

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.