Raymond James (NYSE:RJF) Stock Holdings Lifted by Prudential PLC

Prudential PLC increased its position in shares of Raymond James (NYSE:RJF) by 384.9% during the fourth quarter, Holdings Channel reports. The fund owned 30,302 shares of the financial services provider’s stock after acquiring an additional 24,053 shares during the quarter. Prudential PLC’s holdings in Raymond James were worth $4,707,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RJF. TCTC Holdings LLC raised its stake in Raymond James by 176.7% during the 4th quarter. TCTC Holdings LLC now owns 166 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 106 shares during the period. Y.D. More Investments Ltd grew its holdings in shares of Raymond James by 121.0% during the fourth 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 in the last quarter. Plato Investment Management Ltd lifted its stake in Raymond James by 1,142.1% in 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. Quarry LP lifted its stake in Raymond James by 80.3% in the 3rd quarter. Quarry LP now owns 420 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 187 shares in the last quarter. Finally, Eastern Bank acquired a new stake in Raymond James during the 4th quarter worth about $68,000. Institutional investors and hedge funds own 83.83% of the company’s stock.

Raymond James Stock Down 5.2 %

Shares of RJF stock opened at $123.51 on Friday. The stock’s 50 day simple moving average is $151.43 and its 200 day simple moving average is $150.99. Raymond James has a twelve month low of $104.24 and a twelve month 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. The company has a market capitalization of $25.31 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 0.90 and a beta of 0.94.

Raymond James (NYSE:RJF) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.93 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%. As a group, research analysts predict that Raymond James will post 11.17 EPS for the current year.

Raymond James Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Tuesday, April 1st. Raymond James’s dividend payout ratio (DPR) is 19.51%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RJF. Bank of America increased their price target on shares of Raymond James from $198.00 to $201.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. increased their target price on shares of Raymond James from $166.00 to $172.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Wells Fargo & Company boosted their price target on shares of Raymond James from $168.00 to $176.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Keefe, Bruyette & Woods lifted their price objective 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, UBS Group upgraded Raymond James from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Nine investment 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $164.64.

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.