Sei Investments Co. Raises Position in Raymond James (NYSE:RJF)

Sei Investments Co. boosted its stake in Raymond James (NYSE:RJF) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 910,518 shares of the financial services provider’s stock after buying an additional 16,739 shares during the period. Sei Investments Co. owned 0.45% of Raymond James worth $141,431,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RJF. Wellington Management Group LLP lifted its holdings in Raymond James by 31.4% in the third quarter. Wellington Management Group LLP now owns 12,114,502 shares of the financial services provider’s stock worth $1,483,542,000 after buying an additional 2,898,242 shares during the period. Raymond James Financial Inc. purchased a new stake in Raymond James in the fourth quarter worth about $105,701,000. JPMorgan Chase & Co. lifted its holdings in shares of Raymond James by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 4,544,610 shares of the financial services provider’s stock valued at $556,533,000 after purchasing an additional 488,245 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Raymond James by 433.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 567,460 shares of the financial services provider’s stock valued at $88,144,000 after purchasing an additional 461,069 shares during the last quarter. Finally, Two Sigma Advisers LP purchased a new position in shares of Raymond James during the third quarter valued at approximately $34,105,000. 83.83% of the stock is currently owned by hedge funds and other institutional investors.

Raymond James Trading Down 0.3 %

NYSE:RJF opened at $141.35 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.01 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. The company has a market cap of $28.96 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 0.90 and a beta of 1.04. The company has a 50 day simple moving average of $156.76 and a two-hundred day simple moving average of $149.29.

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 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%. Research analysts forecast that Raymond James will post 11.17 earnings per share for the current year.

Raymond James Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Tuesday, April 1st. Raymond James’s payout ratio is 19.51%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. UBS Group upgraded shares of Raymond James from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Morgan Stanley lifted their target price on shares of Raymond James from $149.00 to $161.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. StockNews.com lowered shares of Raymond James from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Keefe, Bruyette & Woods lifted their target price on shares of Raymond James from $170.00 to $177.00 and gave the company a “market perform” rating in a report on Thursday, January 30th. Finally, Wells Fargo & Company lifted their target price 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. Nine analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $167.55.

Raymond James Company 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.