Raymond James (NYSE:RJF) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group lessened its holdings in Raymond James (NYSE:RJF) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 256,791 shares of the financial services provider’s stock after selling 20,218 shares during the period. Schroder Investment Management Group owned about 0.13% of Raymond James worth $39,887,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its stake in shares of Raymond James by 23.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 53,908 shares of the financial services provider’s stock worth $8,374,000 after buying an additional 10,172 shares during the period. Intrust Bank NA increased its holdings in Raymond James by 8.1% in the 4th quarter. Intrust Bank NA now owns 5,634 shares of the financial services provider’s stock worth $875,000 after acquiring an additional 423 shares in the last quarter. Allstate Corp acquired a new position in Raymond James during the fourth quarter worth $890,000. Brown Brothers Harriman & Co. lifted its holdings in Raymond James by 1,995.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 482 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 459 shares in the last quarter. Finally, Heartland Advisors Inc. acquired a new stake in shares of Raymond James in the fourth quarter valued at about $5,746,000. Institutional investors and hedge funds own 83.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Bank of America raised their price target on shares of Raymond James from $198.00 to $201.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. StockNews.com lowered Raymond James from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods increased their price objective on Raymond James from $170.00 to $177.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. Morgan Stanley lifted their target price on shares of Raymond James from $149.00 to $161.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. Finally, JMP Securities upped their target price on shares of Raymond James from $175.00 to $190.00 and gave the stock a “market outperform” rating in a report on Thursday, January 30th. Nine equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $167.55.

Raymond James Trading Down 0.7 %

RJF opened at $137.94 on Wednesday. The stock has a market capitalization of $28.27 billion, a PE ratio of 13.46, a P/E/G ratio of 0.90 and a beta of 1.04. Raymond James has a one year low of $104.24 and a one year 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 business’s 50 day moving average price is $153.80 and its 200 day moving average price is $150.96.

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

Raymond James Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.45%. The ex-dividend date is Tuesday, April 1st. Raymond James’s dividend payout ratio is currently 19.51%.

About Raymond James

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.