UBS Group AG increased its position in Raymond James (NYSE:RJF) by 111.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 237,743 shares of the financial services provider’s stock after purchasing an additional 125,291 shares during the period. UBS Group AG’s holdings in Raymond James were worth $21,268,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ancora Advisors LLC increased its stake in Raymond James by 122.4% in the 3rd quarter. Ancora Advisors LLC now owns 124,396 shares of the financial services provider’s stock valued at $10,258,000 after buying an additional 68,470 shares during the period. Redwood Investment Management LLC boosted its stake in Raymond James by 36.5% during the 3rd quarter. Redwood Investment Management LLC now owns 10,510 shares of the financial services provider’s stock valued at $867,000 after purchasing an additional 2,812 shares during the period. Pictet Asset Management Ltd. grew its holdings in Raymond James by 9.7% in the 3rd quarter. Pictet Asset Management Ltd. now owns 69,846 shares of the financial services provider’s stock valued at $5,760,000 after buying an additional 6,200 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in Raymond James by 3.5% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 449,130 shares of the financial services provider’s stock valued at $37,035,000 after buying an additional 15,309 shares during the last quarter. Finally, Circle Wealth Management LLC bought a new position in Raymond James in the 3rd quarter worth approximately $201,000. Hedge funds and other institutional investors own 72.31% of the company’s stock.

Shares of NYSE RJF traded up $1.36 during mid-day trading on Wednesday, hitting $60.78. The company had a trading volume of 1,448,119 shares, compared to its average volume of 1,432,842. Raymond James has a 12 month low of $54.21 and a 12 month high of $102.45. The firm has a market cap of $7.67 billion, a P/E ratio of 8.26 and a beta of 1.45. The business’s 50-day simple moving average is $83.23 and its 200-day simple moving average is $86.47. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.10 and a quick ratio of 1.08.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Tuesday, March 31st. Raymond James’s payout ratio is presently 20.00%.

A number of research analysts have recently commented on the company. Argus reiterated a “focus list” rating on shares of Raymond James in a report on Wednesday, January 29th. Wolfe Research downgraded shares of Raymond James from an “outperform” rating to a “market perform” rating in a research note on Wednesday. ValuEngine upgraded shares of Raymond James from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Morgan Stanley initiated coverage on shares of Raymond James in a research report on Wednesday, November 27th. They set an “equal weight” rating and a $91.00 target price on the stock. Finally, Citigroup upgraded shares of Raymond James from a “sell” rating to a “neutral” rating and cut their target price for the company from $71.00 to $60.00 in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Raymond James presently has an average rating of “Hold” and a consensus price target of $88.00.

In other news, EVP Bella Loykhter Allaire sold 10,800 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $101.26, for a total value of $1,093,608.00. Following the completion of the transaction, the executive vice president now directly owns 58,035 shares of the company’s stock, valued at approximately $5,876,624.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider James E. Bunn sold 5,120 shares of the stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $91.05, for a total value of $466,176.00. Following the completion of the transaction, the insider now directly owns 9,563 shares of the company’s stock, valued at $870,711.15. The disclosure for this sale can be found here. 10.82% of the stock is currently owned by company insiders.

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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