Raymond James (NYSE:RJF) Shares Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC grew its stake in shares of Raymond James (NYSE:RJF) by 158.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,178 shares of the financial services provider’s stock after purchasing an additional 11,751 shares during the period. Wealthfront Advisers LLC’s holdings in Raymond James were worth $2,979,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Y.D. More Investments Ltd raised its holdings in 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 worth $36,000 after buying an additional 127 shares during the period. Plato Investment Management Ltd raised its holdings in shares of Raymond James by 1,142.1% during the fourth quarter. Plato Investment Management Ltd now owns 236 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 217 shares during the period. Gladius Capital Management LP purchased a new stake in shares of Raymond James in the 3rd quarter valued at approximately $34,000. Peterson Financial Group Inc. purchased a new stake in shares of Raymond James in the 3rd quarter valued at approximately $37,000. Finally, Quarry LP boosted 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 purchasing an additional 187 shares during the period. 83.83% of the stock is owned by hedge funds and other institutional investors.

Raymond James Stock Performance

Shares of RJF opened at $139.34 on Friday. The firm has a market cap of $28.55 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 0.90 and a beta of 1.04. The company’s fifty day moving average is $158.85 and its 200-day moving average is $148.32. The company has a quick ratio of 1.01, a current ratio of 1.03 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.

Raymond James (NYSE:RJF) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $2.93 EPS for the quarter, topping 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%. Equities analysts expect that Raymond James will post 11.17 EPS for the current fiscal year.

Raymond James Dividend Announcement

The business also recently announced 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. The ex-dividend date is Tuesday, April 1st. This represents a $2.00 annualized dividend and a yield of 1.44%. Raymond James’s dividend payout ratio (DPR) is currently 19.51%.

Analyst Ratings Changes

A number of analysts have recently issued reports on RJF shares. Morgan Stanley increased their target price on Raymond James from $149.00 to $161.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Citigroup increased their price objective on Raymond James from $145.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Wells Fargo & Company lifted their target price on Raymond James from $168.00 to $176.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. 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. Finally, The Goldman Sachs Group raised shares of Raymond James from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $161.00 to $185.00 in a research report on Monday, January 6th. Nine 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 stock. According to data from MarketBeat.com, Raymond James has an average rating of “Hold” and an average target price of $167.55.

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.