Raymond James (NYSE:RJF) Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG cut its holdings in shares of Raymond James (NYSE:RJF) by 45.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,076 shares of the financial services provider’s stock after selling 5,883 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Raymond James were worth $1,099,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP grew its stake in Raymond James by 31.4% during the 3rd quarter. Wellington Management Group LLP now owns 12,114,502 shares of the financial services provider’s stock valued at $1,483,542,000 after purchasing an additional 2,898,242 shares in the last quarter. Norges Bank purchased a new position in shares of Raymond James during the 4th quarter valued at approximately $294,647,000. Raymond James Financial Inc. acquired a new stake in shares of Raymond James during the fourth quarter worth approximately $105,701,000. JPMorgan Chase & Co. increased its stake in shares of Raymond James by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 4,544,610 shares of the financial services provider’s stock worth $556,533,000 after buying an additional 488,245 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Raymond James by 433.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 567,460 shares of the financial services provider’s stock valued at $88,144,000 after acquiring an additional 461,069 shares in the last quarter. 83.83% of the stock is owned by hedge funds and other institutional investors.

Raymond James Price Performance

Shares of NYSE RJF opened at $130.18 on Friday. Raymond James has a 1-year low of $104.24 and a 1-year high of $174.32. The firm has a market capitalization of $26.68 billion, a PE ratio of 12.70, a P/E/G ratio of 0.90 and a beta of 0.94. 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 business’s fifty day moving average price is $152.41 and its two-hundred day moving average price is $150.76.

Raymond James (NYSE:RJF) last issued its quarterly earnings data 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%. On average, research analysts expect that Raymond James will post 11.17 EPS for the current year.

Raymond James Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Tuesday, April 1st. Raymond James’s dividend payout ratio (DPR) is 19.51%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on RJF. UBS Group raised shares of Raymond James from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. JMP Securities boosted their price objective on Raymond James from $175.00 to $190.00 and gave the company a “market outperform” rating in a report on Thursday, January 30th. Bank of America increased their target price on Raymond James from $198.00 to $201.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Citigroup lowered their price target on Raymond James from $180.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, StockNews.com cut Raymond James from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $164.64.

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.