Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of Raymond James (NYSE:RJF) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,154 shares of the financial services provider’s stock after selling 2,568 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Raymond James were worth $9,765,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in RJF. Evoke Wealth LLC purchased a new position in Raymond James in the third quarter worth approximately $28,000. Pacitti Group Inc. purchased a new stake in shares of Raymond James during the fourth quarter worth about $50,000. National Pension Service lifted its stake in shares of Raymond James by 5.4% in the third quarter. National Pension Service now owns 200,117 shares of the financial services provider’s stock worth $16,502,000 after acquiring an additional 10,340 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in Raymond James in the fourth quarter valued at about $216,000. Finally, Man Group plc grew its stake in Raymond James by 102.3% during the 3rd quarter. Man Group plc now owns 58,590 shares of the financial services provider’s stock valued at $4,832,000 after purchasing an additional 29,628 shares in the last quarter. 72.31% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on RJF shares. Credit Suisse Group raised their price target on shares of Raymond James from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Wolfe Research lowered shares of Raymond James from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Citigroup raised shares of Raymond James from a “sell” rating to a “neutral” rating and reduced their price target for the stock from $71.00 to $60.00 in a research report on Wednesday. Wells Fargo & Co downgraded Raymond James from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $102.00 to $81.00 in a research note on Friday, March 6th. Finally, ValuEngine raised Raymond James from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Raymond James presently has a consensus rating of “Hold” and an average target price of $88.00.

Shares of NYSE RJF traded up $1.36 during midday trading on Wednesday, hitting $60.78. The company’s stock had a trading volume of 1,448,119 shares, compared to its average volume of 1,432,842. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.08 and a current ratio of 1.10. Raymond James has a 1-year low of $54.21 and a 1-year high of $102.45. The firm’s fifty day moving average price is $83.23 and its 200-day moving average price is $86.47. The firm has a market cap of $7.67 billion, a P/E ratio of 8.26 and a beta of 1.45.

Raymond James (NYSE:RJF) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $1.89 EPS for the quarter, missing the Zacks’ consensus estimate of $1.90 by ($0.01). Raymond James had a net margin of 13.03% and a return on equity of 16.15%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the firm earned $1.79 earnings per share. The business’s revenue was up 4.0% on a year-over-year basis. As a group, research analysts predict that Raymond James will post 7.59 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Tuesday, March 31st. Raymond James’s payout ratio is 20.00%.

In related news, Vice Chairman Francis S. Godbold acquired 12,500 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average cost of $61.49 per share, for a total transaction of $768,625.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Francis S. Godbold acquired 12,542 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were bought at an average price of $65.40 per share, for a total transaction of $820,246.80. The disclosure for this purchase can be found here. Company insiders own 10.82% of the company’s stock.

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.

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Institutional Ownership by Quarter for Raymond James (NYSE:RJF)

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